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    For Sale (18)

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    Land in Narrows, Virginia
    Contact for pricing
    0.10 Acres

    Land in Narrows, Virginia

    Land available in the heart of Narrows, Virginia.

    Tbd Main St, Narrows, VA 24124
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    Cleared Lot in Pearisburg
    $65,000
    1.48 Acres

    Cleared Lot in Pearisburg

    1.477 acre lot suitable for building a dream home.

    S Main St, Pearisburg, VA 24134
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    Blacksburg Land with Subdivision Potential
    $399,000
    2.04 Acres

    Blacksburg Land with Subdivision Potential

    Residential land with subdivision potential, convenient to amenities and campus.

    507 Nellies Cave Rd, Blacksburg, VA 24060
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    Restaurant and Convenience Store Opportunity
    $800,000
    2,168 SF

    Restaurant and Convenience Store Opportunity

    Turn-key restaurant and convenience store with full kitchen.

    3377 Beckley Rd, Princeton, WV 24740
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    Bluefield WV Income Property
    $119,900
    2,688 SF

    Bluefield WV Income Property

    Four-unit apartment building with income potential in Bluefield, WV.

    2019 Fulton St, Bluefield, WV 24701
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    Commercial Lot in Princeton, WV
    $300,000
    0.96 Acres

    Commercial Lot in Princeton, WV

    Ready-to-develop commercial lot in high-traffic area.

    180 Lyle Way, Princeton, WV 24740
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    Commercial Lot in Princeton, WV
    $500,000
    0.96 Acres

    Commercial Lot in Princeton, WV

    Ready-to-develop commercial lot in high-traffic area.

    180 Lyle Way, Princeton, WV 24740
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    Commercial Lot in Princeton, WV
    $425,000
    1.01 Acres

    Commercial Lot in Princeton, WV

    Ready-to-develop commercial lot in a high-traffic area.

    180 Lyle Way, Princeton, WV 24740
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    Land with Riverfront and Mountain
    $325,000
    43.15 Acres

    Land with Riverfront and Mountain

    43.15 acres suitable for campground, hunting, or residential use.

    1145 Kelly's Tank Rd, Princeton, WV 24739
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    Land with Claytor Lake Views
    $160,000
    4.79 Acres

    Land with Claytor Lake Views

    4.79 acres with lake views and cove access.

    Tbd Allison Dr, Hiwassee, VA 24347
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    Narrows Restaurant Property For Sale
    $425,000
    0.33 Acres

    Narrows Restaurant Property For Sale

    Turnkey restaurant in historic Narrows, VA with redevelopment potential.

    100 Monroe St, Narrows, VA 24124
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    Hunting Land in Spanishburg, WV
    $185,000
    93.66 Acres

    Hunting Land in Spanishburg, WV

    93.66 acres of hunting land or private retreat.

    Bob Byrd Rd, Spanishburg, WV 25922
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    Downtown Bluefield Commercial Opportunity
    $69,000
    1,800 SF

    Downtown Bluefield Commercial Opportunity

    Two commercial storefronts with established business and rental income.

    605 Bland St, Bluefield, WV 24701
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    Land in Narrows, Virginia
    Contact for pricing
    0.50 Acres

    Land in Narrows, Virginia

    Vacant lot with public water access in Narrows, VA.

    563 Poplar St, Narrows, VA 24124
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    Commercial Property with Redevelopment Potential
    $89,900

    Commercial Property with Redevelopment Potential

    Commercial property in Narrows, VA, ideal for investors/entrepreneurs.

    358 Main St, Narrows, VA 24124
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    Usable Lot in Narrows, VA
    Contact for pricing
    0.20 Acres

    Usable Lot in Narrows, VA

    Flat, 0.2-acre lot suitable for building or investment.

    Tbd Beller St, Narrows, VA 24124
    View details
    2.17 Acres in Pipestem Pointe
    $46,000
    2.17 Acres

    2.17 Acres in Pipestem Pointe

    Homesite in private mountain community near outdoor recreation.

    101 Cyn Rim Ct, Pipestem, WV 25979
    View details
    Northfork, WV Commercial Opportunity
    $97,000
    5,300 SF

    Northfork, WV Commercial Opportunity

    5,300 sq ft building near Hatfield-McCoy trail system.

    34199 Coal Heritage Rd, Northfork, WV 24868
    View details

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    • For Sale

    Properties for sale

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    COLDWELL BANKER HENDRICK REAL ESTATE
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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
    COLDWELL BANKER HENDRICK REAL ESTATE
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