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    6155 Rolling Rd Scottsville, VA 24590

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    6155 Rolling Rd Scottsville, VA 24590

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    • Commercial real estate
    • 744.00 lot acres
    Off-Market
    Property ID
    US87-2241291
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Water's Edge at Mount Ida Reserve / Hotel & Motel / Resort

    Property Details for 6155 Rolling Rd

    Lot size
    744.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 744-acre property in Scottsville, Virginia, presents a unique investment opportunity. Located in Fluvanna County, near Charlottesville and the University of Virginia, Reventon Farm boasts stunning mountain views, rolling hills, hardwood forests, and fourteen lakes—including Virginia's largest privately owned lake. A fully approved site plan allows for the development of a 210-cabin agritourism resort complete with a restaurant, aquatic center, fitness center, marina, and event facility. The property also includes an existing Class A Farm Winery License. Further development potential exists, with approvals in place for a 67-lot single-family home subdivision, and an additional 59 lots available for short-term rental residences to complement the resort. Existing improvements are extensive, including white-sand beaches, an 8,500 sq ft event building, a 5,000 sq ft lakeside pavilion, extensive landscaping, two renovated homes, multiple new facility buildings, fiber optic internet, two high-capacity wells, underground power, diesel backup generators, paved roads, and miles of wood fencing. This $20,000,000 offering is a rare combination of natural beauty and substantial infrastructure, ready for immediate development. The property is located at 6155 Rolling Rd S, Scottsville, VA 24590.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.4251433
    Latitude
    37.8661775

    Comparable in this City

    • $7,600,000
      289.40 Acres

      Scottsville Multi-Family Estate

      Nine homes, 25 buildable lots, prime location
      6308 Jefferson Mill Rd, Scottsville, VA 24590
      View Details
    • $155,000
      6.75 Acres

      Land Parcel Near Briery Creek

      6.75 acre parcel bordering pond, suitable for horses.
      Goldfinch Ct, Scottsville, VA 24590
      View Details
    • $265,000

      Southern Albemarle Land Parcel

      Level building site surrounded by rolling fields and hardwood forest.
      1B Jim Lane Rd, Scottsville, VA 24590
      View Details
    • $1,700,000
      295.42 Acres

      Scottsville Land: Development Opportunity Awaits

      295+ acre property near Charlottesville with development and investment potential.
      Briery Creek Rd, Scottsville, VA 24590
      View Details

    Similar Nearby for Sale

    • $7,600,000
      289.40 Acres

      Scottsville Multi-Family Estate

      Nine homes, 25 buildable lots, prime location
      6308 Jefferson Mill Rd, Scottsville, VA 24590
      View Details
    • $155,000
      6.75 Acres

      Land Parcel Near Briery Creek

      6.75 acre parcel bordering pond, suitable for horses.
      Goldfinch Ct, Scottsville, VA 24590
      View Details
    • $1,700,000
      295.42 Acres

      Scottsville Land: Development Opportunity Awaits

      295+ acre property near Charlottesville with development and investment potential.
      Briery Creek Rd, Scottsville, VA 24590
      View Details
    • $265,000

      Southern Albemarle Land Parcel

      Level building site surrounded by rolling fields and hardwood forest.
      1B Jim Lane Rd, Scottsville, VA 24590
      View Details
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    6155 Rolling Rd
    Scottsville, VA 24590
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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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