Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    130 MARKET ST Onancock, VA 23417

    View on Map
    Claim this Listing
    For Sale
    $275,000

    Commercial - ONANCOCK, VA

    Property size:
    1,168 SF
    Price / SF:
    $235/SF
    Added:
    Oct 25, 2024
    Days on Market:
    561
    Last Refresh:
    May 8 at 3:06 am

    Property Features for 130 MARKET ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Additional Building
    Standard status
    Active
    Size
    1,168 SF

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Frame
    Roof type
    Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    IRENE LEWIN

    Listing agent IRENE LEWIN

    Listing office LEWIN & CARR INC. ONANCOCK, VA

    Listing date Oct 25, 2024

    MLS# 62397 Listing URL

    Copyright © 2026 Eastern Shore 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.

    HighLights

    • Leased until August 1, 2025, providing immediate rental income.
    • Located in the central town of Onancock.
    • Includes an additional parking lot.
    • Features a reception room, a grand office, and 2 small offices.
    • Includes a storage shed and carport.
    • Building size is 1,168 sq'.

    Overview

    Onancock Commercial Property For Sale

    Located in the central town of Onancock, this commercial property at 130 Market St. is suitable for entrepreneurs looking to supplement their portfolio or start a new business. The property is currently leased until August 1, 2025. The building has 1,168 square feet of space, including a reception room, a grand office, and two smaller offices. The property also includes a storage shed, a carport, and an additional parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lincare Pharmacy SunStar Massage Therapy Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Onancock
    County
    Accomack
    State
    Virginia
    Longitude
    -75.7374167
    Latitude
    37.7098477

    Nearby Similar for Sale

    • $399,000
      3,000 SF

      Onancock Commercial Space For Sale

      3000 sq ft commercial space in thriving waterfront town.
      54 MARKET ST, ONANCOCK, VA 23341
      View Details
    • $1,250,000
      5,450 SF

      Established Hotel & Restaurant For Sale

      Fine dining restaurant, bar, and boutique hotel in Onancock.
      7 NORTH ST, ONANCOCK, VA 23417
      View Details
    • $1,250,000
      24,222 SF

      Onancock Commercial Investment Opportunity

      Premier commercial property with stable income potential in Onancock, VA.
      165 MARKET ST, ONANCOCK, VA 23417
      View Details
    • $435,000
      2,616 SF

      Income-Producing Property in Historic Onancock

      Versatile property in Onancock with income potential and spacious backyard.
      26 NORTH ST, ONANCOCK, VA 23417
      View Details
    • $435,000
      2,616 SF

      Eastern Shore Income-Producing Property

      Versatile income property in historic Onancock, steps from amenities.
      26 NORTH ST, ONANCOCK, VA 23417
      View Details
    • $499,000
      3,062 SF

      Waterfront Farmhouse with Renovation Potential

      Waterfront property on Onancock Creek with renovation potential.
      16422 WANDERERS PORT LANE, ONANCOCK, VA 23417
      View Details
    • $349,900
      1,727 SF

      Historic Farmhouse Near Onancock Creek

      Secluded farmhouse with marsh views, near Onancock Creek.
      14457 BROADWAY RD, ONANCOCK, VA 23417
      View Details
    • $737,000
      3,744 SF

      Onancock Mixed-Use Property For Sale

      Commercial and residential property in Onancock's Economic Enterprise Zone.
      141 MARKET ST, ONANCOCK, VA 23417
      View Details
    • $125,000

      Waterfront Home Site Ready

      Waterfront property designed for seamless living on land and sea.
      1 BLACK MALLARD WAY, ONANCOCK, VA 23417
      View Details
    • $1,425,000
      3,252 SF

      Waterfront Estate with Historic Farmhouse

      45-acre waterfront estate with deep-water dock and historic home.
      17541 PLANTATION RD, ONANCOCK, VA 23417
      View Details
    • $997,000

      Established Restaurant in Onancock, VA

      Turn-key restaurant for sale in Onancock with high visibility.
      151 MARKET STREET, ONANCOCK, VA 23417
      View Details
    • $800
      1,100 SF

      ONANCOCK, VA - Retail Space

      Open retail space with natural light and high potential.
      42 A KING ST, ONANCOCK, VA 23417
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial property in central Onancock, currently leased until August 2025.
    Where is this office units located?
    The property is located at 130 MARKET ST Onancock, VA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Leased until August 1, 2025, providing immediate rental income.; Located in the central town of Onancock.; Includes an additional parking lot.
    (757) 787-0901
    We can help!
    Listing Contact
    IRENE LEWIN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    130 MARKET ST, ONANCOCK, VA 23417
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!