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

    118 NE Grand Ave Coeburn, VA 24230

    Sponsored
    For Sale
    $350,000

    COMMERCIAL - Coeburn, VA

    Property size:
    3,600 SF
    Lot size:
    0.33 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 6 at 11:06 am

    Property Features for 118 NE Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Commerc
    APN
    005273
    Size
    3,600 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    2004
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Brad Winebarger

    Park Hill Realty Group LLC (423) 530-5224

    Listing agent Brad Winebarger (276) 207-0453 License #0225251637

    Listing date Jan 12, 2026

    MLS# 9984396

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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

    Versatile Commercial Space in Coeburn

    This 3600 sqft commercial space, constructed in 2004, is suitable for any commercial endeavor. The turnkey building features two bathrooms equipped with showers, a full kitchen, and three or four offices. A large garage bay previously housed ambulances. The property is suitable for medical offices, featuring a waiting area, several waiting rooms, and ample office and storage space. The garage bays offer space to work on cars, trucks, motorcycles, and ATVs. The location is also suitable for a call center, with ample area for CSRs and executive offices. The building has been well-maintained and includes a newer heat pump, paint, and several other updates. The property is zoned for general commercial use and is situated on a 0.33-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifecare Ambulance Services Ambulance Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coeburn
    County
    Wise
    State
    Virginia
    Longitude
    -82.462758
    Latitude
    36.943751

    Nearby Similar for Sale

    • $485,000

      Coeburn Historic Mixed-Use Gem

      Three-story building with commercial and residential spaces in historic downtown.
      501 Front St, Coeburn, VA 24230
      View Details
    • $40,500
      675 SF

      Coeburn Commercial Unit For Sale

      Commercial unit featuring four rooms, half bath, and parking.
      340 E Front St, Coeburn, VA 24230
      View Details
    • $199,000
      960 SF

      Turnkey Restaurant in Prime Location

      Well-equipped restaurant for sale in high-traffic area.
      314 E Front St, Coeburn, VA 24230
      View Details
    • $1,000,000
      10,000 SF

      Coeburn Commercial Investment Opportunity

      Four properties with immediate income and significant upside potential.
      207 NE Diagonal Ave, Coeburn, VA 24230
      View Details
    • $1,491,750
      8,400 SF

      Family Dollar Leased Investment Property

      NNN leased investment property with long-term tenant.
      202 Front St, Coeburn, VA 24230
      View Details
    • $1,491,750
      1.73 Acres

      NNN Retail Investment Opportunity

      Leased to Family Dollar with long-term renewal options.
      202 Front St, Coeburn, VA 24230
      View Details
    • Contact for pricing

      Historic Building with Unique Signage

      Unique historic building with original signage in Coeburn, Virginia.
      417 Front St, Coeburn, VA 24230
      View Details
    • Contact for pricing

      Commercial Space on Front Street

      Large commercial space suitable for various business ventures.
      213 E Front St, Coeburn, VA 24230
      View Details
    • $65,000
      640 SF

      Coeburn Commercial Space: Turn-Key Salon

      Own Your Salon! Prime Coeburn Location.
      410 Quillen Ave, Coeburn, VA 24230
      View Details
    • $285,000
      7,722 SF

      Downtown Coeburn Mixed-Use Building

      7,722 SF, 7 Units, Owner Financing Available
      501 High Ave, Coeburn, VA 24230
      View Details
    • $1,578,000
      8,400 SF

      202 Front St

      Retail properties • 8,400 SF
      202 Front St, Coeburn, VA 24230
      View Details

    FAQs

    What type of property is this?
    Office space - 3600 sqft commercial space suitable for various business endeavors.
    Where is this office space located?
    The property is located at 118 NE Grand Ave Coeburn, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turnkey 3600 sqft commercial space suitable for diverse business ventures.; - Includes a large garage bay previously used for ambulances.; - Features a full kitchen, 2 bathrooms with showers, and multiple offices/waiting rooms.
    (276) 207-0453
    Request Owner's contact information
    118 NE Grand Ave Coeburn, VA 24230
    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.
    118 NE Grand Ave
    Coeburn, VA 24230
    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
    118 NE Grand Ave Coeburn, VA 24230
    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
    Brad Winebarger
    Real Estate License ID: 0225251637
    (276) 207-0453
    Learn more
    Google sign-in failed. Please try again or use another login method.