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

    1111 W Stuart Dr Hillsville, VA 24343

    Sponsored
    For Sale
    $219,900

    SINGLE_FAMILY - Hillsville, VA

    Type:Office
    Property size:
    1,228 SF
    Days on Market:
    8
    Last Refresh:
    Jan 27 at 1:06 pm

    Property Features for 1111 W Stuart Dr

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    GC
    Parking
    1
    Interior features
    Public Restrooms
    Exterior features
    Rain Gutters
    Size
    1,228 SF

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Frame
    Additional Structures
    None

    We can help!

    Listing Contact
    Ashley Primm
    Ashley Primm

    Primm Real Estate Firm, LLC (276) 733-9695

    Listing agent Ashley Primm (276) 733-9695

    Listing date Jan 20, 2026

    MLS# 104624

    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

    Hillsville Office Building on Highway

    This commercial office building, formerly occupied by Nationwide Insurance, is situated on Highway 58, approximately 2 miles from Interstate 77, and directly across from the Tractor Supply Company in Hillsville, VA. The property features a reception/waiting area with hardwood flooring, a main office with carpet (potentially hardwoods underneath), a second office with hardwood flooring, a break room with a kitchenette, and a copy/file room. Additional features include a full unfinished basement, a double carport, a newer roof and vinyl siding, a handicap ramp with a designated parking space, and a fully paved front parking lot. Public utilities are available, and the property is equipped with a newer electronic sign, natural gas heat, and central air. The location benefits from an approximate daily traffic count of 18,000 (2024 data). The 1,228 square foot property also offers potential income from the annual Hillsville Flea Market, which takes place every Labor Day weekend. The property is zoned GC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nationwide Insurance: Thomas ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsville
    County
    Carroll
    State
    Virginia
    Longitude
    -80.7463636
    Latitude
    36.7540413

    Nearby Similar for Sale

    • $375,000
      4,224 SF

      Historic Hillsville Multi-Use Building

      Commercial building with tenant and apartment conversion potential in Hillsville.
      516 N Main St, Hillsville, VA 24343
      View Details
    • $900,000
      16,766 SF

      Mixed-Use Building in Historic Hillsville

      Versatile investment property with retail and residential income potential.
      522 N Main St, Hillsville, VA 24343
      View Details
    • $900,000
      16,766 SF

      Versatile Mixed-Use Investment Opportunity

      Mixed-use building with retail and residential spaces in Hillsville, VA.
      522 N Main St, Hillsville, VA 24343
      View Details
    • Contact for pricing
      0.30 Acres

      Historic Church in Blue Ridge

      Historic church on 0.3 acres in the Blue Ridge Mountains.
      25 Sawmill Holler Rd, Hillsville, VA 24343
      View Details
    • $70,000

      Camper with Community Water Park View

      2018 camper on deeded lot with community amenities.
      Tbd Megan Cir, Hillsville, VA 24343
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial office building with high traffic and income potential.
    Where is this office space located?
    The property is located at 1111 W Stuart Dr Hillsville, VA.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - High-traffic location on Highway 58, just 2 miles from Interstate 77, boasting approximately 18,000 daily traffic count (2024 data).; - Potential income from the annual Hillsville Flea Market.; - Spacious reception area with hardwood flooring and a large main office.
    (276) 733-9695
    Request Owner's contact information
    1111 W Stuart Dr Hillsville, VA 24343
    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.
    1111 W Stuart Dr
    Hillsville, VA 24343
    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
    1111 W Stuart Dr Hillsville, VA 24343
    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
    Ashley Primm
    Ashley Primm
    Real Estate License ID: 0225064031
    (276) 733-9695
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.