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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5807 Mount Clinton Pike Harrisonburg, VA 22802

    • Commercial real estate
    • 0.58 lot acres
    For Sale
    View listing
    $76,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3239658
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5807 Mount Clinton Pike

    Lot size
    0.58 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.58-acre commercial lot is situated on Mt. Clinton Pike in Harrisonburg, Virginia, zip code 22802. Located in Rockingham County, this property presents a unique opportunity for developers or businesses seeking a strategic location. The land is zoned to allow for manufactured homes, providing flexibility in development plans. A significant advantage is the pre-existing gravel driveway, saving considerable time and expense in site preparation. Furthermore, the septic perk test has already been successfully completed, eliminating a major hurdle in the construction process. The asking price for this ready-to-build lot is $76,000. Its convenient location and existing infrastructure make this a highly attractive investment opportunity. The property's address is 5807 Mt. Clinton Pike, Harrisonburg, VA 22802. Coordinates are 38.4823915 latitude and -78.9544336 longitude. This is an excellent chance to acquire a well-positioned commercial lot in a thriving area. Don't miss this chance to secure your future business location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.9544336
    Latitude
    38.4823915

    Comparable in this City

    • $195,000
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      Harrisonburg Commercial Land - $195K

      1.16-acre lot, M1 zoning, prime location.
      1420 Technology Dr, Harrisonburg, VA 22802
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    • $1,225,000
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      I-81 Frontage: 17 Acres in VA

      Prime Commercial Land, I-81 Access
      3772 Valley Pike, Harrisonburg, VA 22802
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    • $895,000
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      Harrisonburg Commercial Land Opportunity

      1.46 Acres, High-Visibility Location
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    • $895,000

      High-Visibility Lot Near Downtown

      Development opportunity in rapidly growing area near Downtown Harrisonburg.
      1391 N Main St, Harrisonburg, VA 22802
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    • $84,000

      Residential Land in Harrisonburg, VA

      Vacant lot for building a custom home in Harrisonburg.
      2339 Alston Cir, Harrisonburg, VA 22802
      View Details
    • $400,000
      2.19 Acres

      Development Potential Near I-81

      2.19 acres with development potential and high visibility.
      1661 Smithland Rd, Harrisonburg, VA 22802
      View Details

    Similar Nearby for Sale

    • $195,000
      1.16 Acres

      Harrisonburg Commercial Land - $195K

      1.16-acre lot, M1 zoning, prime location.
      1420 Technology Dr, Harrisonburg, VA 22802
      View Details
    • $1,225,000
      17.70 Acres

      I-81 Frontage: 17 Acres in VA

      Prime Commercial Land, I-81 Access
      3772 Valley Pike, Harrisonburg, VA 22802
      View Details
    • $895,000
      1.46 Acres

      Harrisonburg Commercial Land Opportunity

      1.46 Acres, High-Visibility Location
      1391 Main St, Harrisonburg, VA 22802
      View Details
    • $895,000

      High-Visibility Lot Near Downtown

      Development opportunity in rapidly growing area near Downtown Harrisonburg.
      1391 N Main St, Harrisonburg, VA 22802
      View Details
    • $84,000

      Residential Land in Harrisonburg, VA

      Vacant lot for building a custom home in Harrisonburg.
      2339 Alston Cir, Harrisonburg, VA 22802
      View Details
    • $400,000
      2.19 Acres

      Development Potential Near I-81

      2.19 acres with development potential and high visibility.
      1661 Smithland Rd, Harrisonburg, VA 22802
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Commercial Land in Harrisonburg, VA

      M-1 zoned land suitable for automotive businesses in Harrisonburg.
      20 W Washington St, Harrisonburg, VA 22802
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    • $12 SF/Yr
      6,400 SF

      Harrisonburg Office Space Available

      6,400 SF Office Building, VA
      3060 Valley Pike, Harrisonburg, VA 22802
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    • $13 SF/Yr
      40,000 SF

      250 Elizabeth St

      Office Properties & Spaces • 40,000 SF
      250 Elizabeth St, Harrisonburg, VA 22802
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    • $1,250 /Mo
      3,000 SF

      Harrisonburg Warehouse Space for Rent

      3,000 SF warehouse space with loading dock and utilities included.
      1051 Mount Clinton Pike, Harrisonburg, VA 22802
      View Details
    • $1.00 SF/Yr

      Historic Office Space Available

      Move-in ready office space in historic Elmwood building.
      1211 NORTH Main St, Harrisonburg, VA 22802
      View Details
    • $1.00 SF/Yr

      Versatile Warehouse/Retail Space Available

      Climate-controlled warehouse or retail space with flexible options.
      3315 Harpine Hwy, Harrisonburg, VA 22802
      View Details
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    5807 Mount Clinton Pike
    Harrisonburg, VA 22802
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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