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    1809 E 2nd Avenue Big Stone Gap, VA 24219

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    Claim this Listing
    For Lease
    $350,000 SF/Yr $40,833,333/Mo (calc)

    COMMERCIAL - Big Stone Gap, VA

    Property size:
    1,400 SF
    Lot size:
    0.82 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    121
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for 1809 E 2nd Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Business
    Parking
    20
    Standard status
    Active
    APN
    001569
    Size
    1,400 SF
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1733

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Building materials
    Block
    Roof type
    Composition

    We can help!

    Listing Contact
    Michael Green
    Michael Green

    Listing agent Michael Green License #257932

    Listing office Green Commercial Realty, Inc. 252 Snyder Road, VA

    Listing date Dec 29, 2025

    MLS# 9989594

    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.

    Overview

    Commercial Property in Big Stone Gap

    This commercial property is located on a prominent corner visible to traffic entering Big Stone Gap, Virginia, from the eastern exit off US 19. The property, comprised of two lots, totals nearly an acre under fence. The site is suitable for reuse as convenience retail or continued light industrial use. The buildings on the property have utility for service and repair. The office building, currently used mostly for storage, could be renovated for retail display. The property offers a location and space for sales, service, and repair. The property is zoned for business. The property size is 1400 square feet and the lot size is 0.82 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parsley Tire Inc. (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

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

    Similar Places Nearby

    • Parsley Tire Inc. — 1809 Second Ave E #3413, Big Stone Gap, VA 24219

    Location Insight

    • Map
    • Local Demand
    City
    Big Stone Gap
    County
    Wise
    State
    Virginia
    Longitude
    -82.758728
    Latitude
    36.878486

    Nearby Similar for Lease

    • $400,000 SF/Yr

      Restaurant Opportunity in Big Stone Gap

      Former Dairy Queen location with drive-thru in downtown Big Stone Gap.
      516 E 5th St N, Big Stone Gap, VA 24219
      View Details
    • Contact for pricing

      Big Stone Gap Retail Center

      Retail and office spaces available in Big Stone Gap, Virginia.
      1937-1957 Neeley Rd, Big Stone Gap, VA
      View Details
    • Contact for pricing

      Powell Valley Shopping Center Space

      Retail and office spaces available in Big Stone Gap, Virginia.
      1941 Neeley Rd, Big Stone Gap, VA 24219
      View Details

    FAQs

    What type of property is this?
    Auto shop - Prominent corner lot suitable for retail or light industrial use.
    Where is this auto shop located?
    The property is located at 1809 E 2nd Avenue Big Stone Gap, VA.
    What is the lease rate?
    The lease rate is $350,000.
    What are key features of this property?
    This property features: Prominent corner location visible to traffic entering town from US 19.; Nearly an acre of fenced land suitable for various uses.; Potential for re‑use as convenience retail or light industrial.
    (423) 677-8494
    We can help!
    Listing Contact
    Michael Green
    Michael Green
    Real Estate License ID: 257932
    Learn More
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    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
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