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    Multi-Room Religious Facility Title is generated by Realmo AI

    1977 ALUM SPRING Road, Pulaski, VA 24301

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    For Sale
    $150,000

    COMMERCIAL - Pulaski, VA

    Property size:
    3,968 SF
    Lot size:
    1.66 Acres
    Price / SF:
    $37/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 1977 ALUM SPRING Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.66 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    ALUM SPRING RD
    Tax Annual Amount
    781

    Utilities

    Heating system
    Forced Air, Oil
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    Dawn Myers

    Listing agent Dawn Myers

    Listing office RE/MAX 8 - Blacksburg 1344 N Main St., Blacksburg, VA

    Listing date Jun 1, 2026

    MLS# 427555

    Copyright © 2026 New River Valley 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

    • Spacious 3,968 SF wood‑frame building on 1.66 acres in Pulaski County
    • Recently updated with a new roof and fresh paint
    • Central AC plus forced‑air heating (oil); year built 1940
    • Versatile interior with multiple rooms for offices, classrooms, or meeting spaces, plus bathrooms and closet/storage
    • Gorgeous stained‑glass windows and spacious gathering areas
    • Includes an unfinished basement for additional storage

    Overview

    This spacious religious facility offers flexible interior space suitable for a church or nonprofit organization. The property includes a recently updated roof and fresh paint, along with central AC and multiple rooms that can support offices, classrooms, or meeting areas. A gathering area is complemented by stained-glass windows. The building also features bathrooms and abundant closet and storage space, plus an unfinished basement that can provide additional storage capacity.

    Set on 1.66 acres in Pulaski County, the property is described as being just minutes from downtown Pulaski and nearby shopping, dining, schools, and local amenities. At the same time, it is positioned in a more private setting with surrounding scenery that includes a creek.

    For organizations looking for an immediately usable facility, the combination of adaptable room layouts, climate control, and on-site storage can support a range of programs and day-to-day administrative needs. The unfinished basement adds space that may be useful for keeping supplies organized and out of primary areas, while the stained-glass gathering features support a traditional worship and community gathering setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Pulaski
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.774046
    Latitude
    37.071646

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile church or nonprofit building with central AC, multiple rooms, and an unfinished basement for storage.
    Where is this church & religious facility located?
    The property is located at 1977 ALUM SPRING Road Pulaski, 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: Spacious 3,968 SF wood‑frame building on 1.66 acres in Pulaski County; Recently updated with a new roof and fresh paint; Central AC plus forced‑air heating (oil); year built 1940
    (540) 239-7772
    We can help!
    Listing Contact
    Dawn Myers
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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.

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