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    For Sale (17)

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    Coeburn Commercial Unit For Sale
    $35,500
    675 SF

    Coeburn Commercial Unit For Sale

    675 SF commercial unit in Coeburn Business Building.

    340 E Front St, Coeburn, VA 24230
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    Norton, VA Church Opportunity
    $99,000
    1,100 SF

    Norton, VA Church Opportunity

    Historic church building available in Norton, Virginia.

    313 SW Kentucky Ave, Norton, VA 24273
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    Residential Land in Norton, VA
    $35,000
    0.19 Acres

    Residential Land in Norton, VA

    Flat residential lot, ideal for building a dream home.

    309 SW Kentucky Ave, Norton, VA 24273
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    Mixed-Use Property in Appalachia, VA
    $115,000
    7,164 SF

    Mixed-Use Property in Appalachia, VA

    Commercial and residential spaces with rental income potential in Appalachia.

    106 Kentucky Ave, Appalachia, VA 24216
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    Multifamily Investment Opportunity in Big Stone Gap
    $279,900
    0.60 Acres

    Multifamily Investment Opportunity in Big Stone Gap

    Well-maintained, income-generating multifamily property near Union schools.

    2828 E 4Th Ave, Big Stone Gap, VA 24219
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    Pennington Gap Land For Sale
    Contact for pricing
    0.23 Acres

    Pennington Gap Land For Sale

    Two residential lots available with town water and sewer.

    Harrell St, Pennington Gap, VA 24277
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    Wooded Acreage in Pennington Gap
    $59,000
    7.27 Acres

    Wooded Acreage in Pennington Gap

    7.27 acres of secluded, wooded land near Pennington Gap.

    Melzoni Rd, Pennington Gap, VA 24277
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    Tranquil 46 Acres in Jonesville
    $94,900
    46.08 Acres

    Tranquil 46 Acres in Jonesville

    46 acres of land for peaceful living and investment.

    Sulphur Spg Rd, Jonesville, VA 24263
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    Wooded Land in Jonesville, VA
    $45,000
    4.75 Acres

    Wooded Land in Jonesville, VA

    4.75 acres of wooded land with road access.

    Beech Springs Rd, Jonesville, VA 24263
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    Residential Land in Pennington Gap
    Contact for pricing
    0.23 Acres

    Residential Land in Pennington Gap

    Residential land available in Pennington Gap, Virginia.

    S Ford St, Pennington Gap, VA 24277
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    Wooded Acreage Near Pennington Gap
    $135,000
    100.60 Acres

    Wooded Acreage Near Pennington Gap

    100.6 acres of wooded land, 10 minutes from Pennington Gap.

    Ely Pucketts Creek Rd, Pennington Gap, VA 24277
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    Residential Lots in Wise, VA
    $39,500
    0.40 Acres

    Residential Lots in Wise, VA

    Two residential lots totaling approximately 0.4 acres in Wise.

    Maddison Ln, Wise, VA 24293
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    Norton Apartment Building For Sale
    $60,000
    5,860 SF

    Norton Apartment Building For Sale

    18-unit apartment building with income potential in Norton, Virginia.

    730 NE Virginia Ave, Norton, VA 24273
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    Residential Lot in Jonesville, VA
    Contact for pricing
    0.16 Acres

    Residential Lot in Jonesville, VA

    Level residential lot ready for building with public utilities.

    603 Town Branch Rd, Jonesville, VA 24263
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    Cherokee Lake View Land
    $60,000
    0.70 Acres

    Cherokee Lake View Land

    0.7 acre lot with lake views in gated community.

    1615 Sequoyah Dr, Mooresburg, TN 37811
    View details
    Saint Charles Wooded Land Parcel
    $30,000
    15.00 Acres

    Saint Charles Wooded Land Parcel

    15 acres of wooded land in Saint Charles, Virginia.

    Big Branch Rd, Saint Charles, VA 24282
    View details
    Coeburn Business Building Commercial Unit
    $40,500
    675 SF

    Coeburn Business Building Commercial Unit

    675 sq ft commercial unit in Coeburn, Virginia.

    340 Front St, Coeburn, VA 24230
    View details

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    APPALACHIAN REALTY SPECIALISTS, LLC
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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
    APPALACHIAN REALTY SPECIALISTS, LLC
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