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    For Sale (28)

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    Euclid Avenue Professional Office Opportunity
    $219,900
    1,071 SF

    Euclid Avenue Professional Office Opportunity

    Prime office space with expansion potential in Bristol, VA.

    1723 Euclid Ave, Bristol, VA 24201
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    Historic Harleywood Dairy Farm Land
    $1,600,000
    163.75 Acres

    Historic Harleywood Dairy Farm Land

    274-acre farm in Washington County, VA, with diverse potential.

    Harleywood Rd, Bristol, VA 24202
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    Virginia Creeper Trail Land
    $1,495,000
    45.31 Acres

    Virginia Creeper Trail Land

    45-acre property with recreational, income, and development potential.

    21570 Alvarado Rd, Abingdon, VA 24211
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    Cleared Corner Lot in Bristol, VA
    Contact for pricing
    0.17 Acres

    Cleared Corner Lot in Bristol, VA

    Cleared corner lot near downtown Bristol, close to amenities.

    1000 Vermont Ave, Bristol, VA 24201
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    Euclid Avenue Professional Office Opportunity
    $219,900
    1,071 SF

    Euclid Avenue Professional Office Opportunity

    Prime office space with expansion potential near Hard Rock Casino.

    1723 Euclid Ave, Bristol, VA 24201
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    Chilhowie Mountain Land with Creek
    $416,905
    418.97 Acres

    Chilhowie Mountain Land with Creek

    418.97 acres of wooded mountain land near I-81.

    Middle Frk Rd, Chilhowie, VA 24319
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    Established Restaurant Opportunity in Marion
    $299,000
    880 SF

    Established Restaurant Opportunity in Marion

    Commercial property with established business, ready for new ownership.

    534 S Main St, Marion, VA 24354
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    Residential Land in Marion, VA
    Contact for pricing
    0.60 Acres

    Residential Land in Marion, VA

    Spacious building lot near downtown Marion, perfect for development.

    Euclid Ave, Marion, VA 24354
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    36 Acres of Virginia Wilderness
    $250,000
    36.00 Acres

    36 Acres of Virginia Wilderness

    Secluded 36-acre property bordering Jefferson National Forest.

    513 Beadwood Ln, Damascus, VA 24236
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    Residential Land in Marion, VA
    Contact for pricing
    0.35 Acres

    Residential Land in Marion, VA

    Building lot near downtown Marion, ideal for residential development.

    1 2 Pt, Marion, VA 24354
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    Abingdon Land with Creeper Trail
    $1,495,000
    45.31 Acres

    Abingdon Land with Creeper Trail

    45-acre property with river frontage, trail access, and mountain views.

    21570 Alvarado Rd, Abingdon, VA 24211
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    Abingdon Farmland with Creeper Trail
    $1,495,000
    45.31 Acres

    Abingdon Farmland with Creeper Trail

    45-acre Abingdon property with river frontage and tourism potential.

    21570 Alvarado Rd, Abingdon, VA 24211
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    LAND - Pounding Mill, VA
    $30,000
    4.13 Acres

    LAND - Pounding Mill, VA

    Land

    lot 30 & 31 Kennedy Dr, Pounding Mill, VA 24637
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    Abingdon Land with Development Potential
    $1,200,000
    36.33 Acres

    Abingdon Land with Development Potential

    36-acre property with multiple possibilities in Abingdon, Virginia.

    25453 Lee Hwy, Abingdon, VA 24211
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    Historic Harleywood Dairy Farm Land
    $1,600,000
    274.40 Acres

    Historic Harleywood Dairy Farm Land

    274-acre farm with cleared land and mature woodland.

    Harleywood Rd, Bristol, VA 24202
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    Cleared Corner Lot in Bristol
    Contact for pricing
    0.17 Acres

    Cleared Corner Lot in Bristol

    Prime land near downtown Bristol, close to amenities.

    Bristol, VA 24201
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    Lakefront Land Ready to Build
    $109,900
    1.77 Acres

    Lakefront Land Ready to Build

    1.77-acre lakefront lot with well and partial foundation.

    23001 Moonshine Dr, Abingdon, VA 24210
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    Medical Office and Retail Property
    $2,550,000
    15,348 SF

    Medical Office and Retail Property

    Two-building, multi-tenant medical office and retail property with recent renovations, ample parking, and substantial road frontage.

    929 N Main St, Marion, VA 24354
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    36 Acres in Konnarock, VA
    $250,000
    36.00 Acres

    36 Acres in Konnarock, VA

    36 acres in Konnarock bordering Jefferson National Forest.

    513 Beadwood Ln, Damascus, VA 24236
    View details
    Multi-Tenant Medical and Retail Buildings
    $2,550,000
    15,348 SF

    Multi-Tenant Medical and Retail Buildings

    Two-building commercial property with five income-producing addresses, extensive recent upgrades, and substantial road frontage for visibility and access.

    929 N Main St, Marion, VA 24354
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    Secluded Lakefront Property in Abingdon
    $475,000
    3.63 Acres

    Secluded Lakefront Property in Abingdon

    Rare 3.63-acre lakefront property with mountain views near Abingdon.

    Mandalay Ln, Abingdon, VA 24211
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    Secluded Lakefront Property in Abingdon
    $495,000
    4.49 Acres

    Secluded Lakefront Property in Abingdon

    Rare 4.49-acre lakefront property with mountain views near Abingdon.

    Mandalay Ln, Abingdon, VA 24211
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    Abingdon, VA One-Acre Land
    Contact for pricing
    1.04 Acres

    Abingdon, VA One-Acre Land

    One acre of land near I-81, suitable for new home.

    Reedy Creek Rd, Abingdon, VA 24210
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    Secluded Lakefront Property in Abingdon
    $475,000
    3.63 Acres

    Secluded Lakefront Property in Abingdon

    Rare 3.63-acre lakefront property with mountain views near Abingdon.

    Mandalay Ln, Abingdon, VA 24211
    View details
    Lakefront Land in Abingdon, VA
    $495,000
    4.49 Acres

    Lakefront Land in Abingdon, VA

    Secluded 4.49-acre lakefront property with mountain views near Abingdon.

    Mandalay Ln, Abingdon, VA 24211
    View details
    Abingdon, VA Acreage For Sale
    Contact for pricing
    1.04 Acres

    Abingdon, VA Acreage For Sale

    One acre lot near I-81, suitable for new home.

    Reedy Creek Rd, Abingdon, VA 24210
    View details
    Virginia Creeper Trail Recreational Land
    $1,495,000
    1,973,703 SF

    Virginia Creeper Trail Recreational Land

    45 acres with river frontage and tourism potential.

    21570 Alvarado Rd, Abingdon, VA 24211
    View details
    Konnarock Land Near National Forest
    Contact for pricing

    Konnarock Land Near National Forest

    36-acre property bordering Jefferson National Forest, ideal for outdoor enthusiasts.

    513 Beadwood Ln, Damascus, VA 24236
    View details

    For Lease (3)

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    Abingdon Office Space For Rent
    $1,950 / Mo
    1,772 SF

    Abingdon Office Space For Rent

    Full-service lease in Abingdon, VA, with easy access.

    230 Charwood Dr, Abingdon, VA 24210
    View details
    Prime Downtown Commercial Space
    $2,200 / Mo
    2,400 SF

    Prime Downtown Commercial Space

    Exceptional commercial space in the heart of downtown Marion.

    132 E Main St, Marion, VA 24354
    View details
    Abingdon Office Space For Rent
    $2,300 / Mo
    1,556 SF

    Abingdon Office Space For Rent

    Professional office space with excellent visibility and ample parking.

    230 Charwood Dr, Abingdon, VA 24210
    View details

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    Highlands Realty, Inc.
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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
    Highlands Realty, Inc.
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