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    15 Cleveland Ave Martinsville, VA 24112

    Sponsored
    For Sale
    $150,000

    Commercial - Martinsville, VA

    Lot size:
    0.28 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 15 Cleveland Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    Lot size
    0.28 Acres

    Building Details

    Year built
    1965
    Floors in Building
    1
    Architectural style
    Other

    Berry-Elliott Realtors (276) 634-7657 [email protected]

    Listing agent Julian Mei (276) 656-1111

    Listing date Dec 12, 2025

    MLS# 144321 Listing URL

    Copyright © 2026 Martinsville, Henry, Patrick Counties 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

    Martinsville Commercial Investment Opportunity

    This commercial property, located in Uptown Martinsville, presents an investment opportunity. Suites 10 and 11, part of a larger condominium complex, include a reception area, three bathrooms, a large storage space currently used as a child play area, a smaller storage space, a conference room, an admin office with a separate entry, five private office rooms, a small breakroom, and a larger breakroom/kitchen space. The condominium complex includes professional services, with owners contributing to expenses for common elements, parking lot, and roof, as defined in the condominium declarations, bylaws, and amendments. The property is located near municipal services, schools, the library, museums, galleries, and other professional services. The lot size is 0.283 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smoot Heidi a MD Nurse Practitioner O'Dell Phyllis Hospital Blankenship Dana Hospital Brewer Connie Hospital Dr. Cody Drake Podiatrist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.8670424
    Latitude
    36.6881208

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    FAQs

    What type of property is this?
    Office space - Suites with reception, offices, storage, and conference room.
    Where is this office space located?
    The property is located at 15 Cleveland Ave Martinsville, VA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Proven business location in Uptown Martinsville.; - Two suites with a spacious lobby/reception area.; - Includes three bathrooms, conference room, admin office, and five private offices.
    (276) 252-7177
    Request Owner's contact information
    15 Cleveland Ave Martinsville, VA 24112
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    Martinsville, VA 24112
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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
    15 Cleveland Ave Martinsville, VA 24112
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