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    110 Merifield Rd Willis, VA 24380

    Pending
    For Sale
    $179,000

    Commercial - Willis, VA

    Lot size:
    0.14 Acres
    Days on Market:
    204
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 110 Merifield Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    6245
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1975
    Building materials
    Block
    Architectural style
    Other

    United Country Blue Ridge Land & Auctin Co Inc (540) 745-2005 [email protected]

    Listing agent Levi Cox (540) 745-2005 License #0225217513

    Listing date May 16, 2025

    MLS# 422256 Listing URL

    Copyright © 2025 New River Valley 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.

    Overview

    Updated Duplex in Willis, VA

    This updated rental property in Willis, VA, offers two units and a proven cash flow. The property, encompassing approximately 2,088 square feet, features a lower unit with 1 bedroom and 1 bathroom, along with an enclosed rear porch. The upper unit includes 2 bedrooms and 1 bathroom. Each unit is equipped with its own split unit for heating and air conditioning. The exterior of the building was remodeled in 2021, and the interior was completed in 2022. A larger well pump was installed in 2023. Consistently occupied by tenants since the remodel, this property generates approximately $24,600 annually. The tenants are currently on a month-to-month basis and are agreeable to stay. Situated on a 0.14-acre lot, the property is less than a half-hour drive to Floyd and Hillsville, VA.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Storage Facility Grocery Store Convenience Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Floyd
    State
    Virginia
    Longitude
    -80.488031
    Latitude
    36.860118

    Nearby Similar for Sale

    • $189,000
      0.60 Acres

      Remodeled Duplex in Willis, VA

      Remodeled duplex in the heart of Willis, VA, investment opportunity.
      5656 Floyd Hwy S, Willis, VA 24380
      View Details
    • $189,000
      0.60 Acres

      Willis Commercial Duplex Investment

      Two-unit remodeled commercial property in Willis, VA.
      5656 Floyd Hwy, Willis, VA 24380
      View Details
    • $179,000
      0.14 Acres

      Willis, VA Commercial Multi-Family

      Cash-flowing rental property, two units.
      110 Merifield Rd, Willis, VA 24380
      View Details

    FAQs

    What type of property is this?
    Duplex - Cash-flowing duplex with recent updates, generating approximately $24,600 annually.
    Where is this duplex located?
    The property is located at 110 Merifield Rd Willis, VA.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Proven cash flow investment property generating approximately $24,600 annually.; - Remodeled and updated in 2021 (exterior) and 2022 (interior).; - Two units: one with 1 BDR/1 BTH and enclosed porch, the other with 2 BDR/1 BTH.
    (540) 745-2005
    Request Owner's contact information
    110 Merifield Rd Willis, VA 24380
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    Willis, VA 24380
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    Realmo Value Estimation

    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.

    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.

    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
    110 Merifield Rd Willis, VA 24380
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