Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1012 Whitetop Rd Chilhowie, VA 24319

    Sponsored
    For Sale
    $475,000

    MULTI_FAMILY - Chilhowie, VA

    Property size:
    2,881 SF
    Lot size:
    0.75 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 22 at 8:06 am

    Property Features for 1012 Whitetop Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Insulated Windows
    Zoning
    A/R
    Parking features
    Garage
    Interior features
    Cathedral Ceiling(s), Newer Paint
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Double Oven, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
    Size
    2,881 SF
    Lot size
    0.75 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1992
    Number of units
    2
    Flooring type
    Wood, Tile, Newer floor covering
    Building materials
    Wood Siding, Dry Wall
    Roof type
    Shingle
    Additional Structures
    Guest House

    We can help!

    Listing Contact
    Amy Breedlove

    EXP REALTY LLC (866) 825-7169

    Listing agent Amy Breedlove (276) 608-3373

    Listing date Feb 17, 2026

    MLS# 105836 Listing URL

    Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Homes, One Property

    This property features two homes on a 0.75-acre lot, offering a total of 5 bedrooms and 3.5 bathrooms. The main home is a custom-built, cedar-sided residence with over 2,800 square feet of updated living space. It includes a renovated kitchen with granite countertops, stainless steel appliances, a double oven, and new tile flooring. Newer hardwood floors are present throughout. All bathrooms have been updated with stylish tile showers. The layout features a finished den, an attached garage currently used as a playroom, and an open living area with vaulted ceilings and a gas fireplace. Upstairs, there are two additional bedrooms, a full bath, a walk-in closet or storage room, and a bonus/playroom. The second home provides over 1,600 square feet with 2 bedrooms, 1 bath, a large kitchen with stainless appliances, and a living area, featuring hardwood and tile flooring throughout. This home is currently used as a rental and offers potential for Airbnb, a mother-in-law suite, guest home, or additional income. A 2,025 square foot garage offers flexibility for storage, workshop space, or business use. The property also features a fenced backyard, paved driveway, and ample parking for both homes. It is located close to town while avoiding town taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chilhowie
    County
    Smyth
    State
    Virginia
    Longitude
    -81.6760273
    Latitude
    36.7847397

    Nearby Similar for Sale

    • $399,999
      900 SF

      Mobile Home Park on 11.82 Acres

      Mobile home park with mountain and creek views near Damascus.
      15586 Bishop Rd, Chilhowie, VA 24319
      View Details
    • Contact for pricing
      0.36 Acres

      Chilhowie Land by St Clair Creek

      Land with commercial potential and existing structure in Chilhowie, VA.
      St Clair Crk Rd, Chilhowie, VA 24319
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two homes on one property, ideal for rental income.
    Where is this multifamily property located?
    The property is located at 1012 Whitetop Rd Chilhowie, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Two Homes on One Property: Ideal for multi-generational living, rental income, or guest accommodations.; - Main Home: Custom-built with 2,800+ sq ft, featuring an updated kitchen with granite countertops, stainless steel appliances, and double oven. Enjoy updated bathrooms and newer hardwood floors.; - Second Home: 1,600+ sq ft, 2 bedrooms, stainless appliances, currently used as a rental, offering income potential (Airbnb, etc.).
    (276) 608-3373
    Request Owner's contact information
    1012 Whitetop Rd Chilhowie, VA 24319
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1012 Whitetop Rd
    Chilhowie, VA 24319
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1012 Whitetop Rd Chilhowie, VA 24319
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amy Breedlove
    (276) 608-3373
    Learn more
    Google sign-in failed. Please try again or use another login method.