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    563 U S Highway 23 Weber City, VA 24290

    View on Map
    Pending
    $329,000

    COMMERCIAL - Weber City, VA

    Property size:
    1,399 SF
    Lot size:
    1.08 Acres
    Added:
    Oct 25, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 4 at 11:06 pm

    Property Features for 563 U S Highway 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    80
    Standard status
    Pending
    APN
    167 19 15
    Size
    1,399 SF
    Lot size
    1.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1278

    Utilities

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

    Building Details

    Year built
    1997
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Lori Fletcher

    Listing agent Lori Fletcher License #355734

    Listing office Conservus Homes 402 E Main Street, Kingsport, VA

    Listing date Oct 25, 2025

    MLS# 9987570

    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

    Weber City Commercial Opportunity

    Located in Weber City, VA, this commercial property offers a prime opportunity with high visibility on a 1.08-acre lot. The property includes office space and a garage, featuring 328 feet of road frontage on US Highway 23 and 356 feet of road frontage on State Route 727. Situated less than one mile from Kingsport, Tennessee, the location benefits from a high traffic count, providing maximum exposure. The 1399 square foot trailer/office space is move-in ready, containing three large office rooms and a restroom. Each room is spacious enough for multiple office setups. A garage bay is located in the rear of the office space. The property has a heat pump installed in 2017. The level, graveled lot offers ample parking and versatile potential for future development or expansion. With two access points, this property is suitable for retail, medical, automotive, office space, or a quick-service restaurant. The property has been the home of a successful family car dealership since 1975.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weber City
    County
    Scott
    State
    Virginia
    Longitude
    -82.571069
    Latitude
    36.6012334

    Nearby Similar for Sale

    • $360,000
      4,600 SF

      Versatile Commercial Property in Weber City

      4,600+ sq ft commercial property in high-traffic Weber City location.
      160 Village Center Circle, Weber City, VA 24290
      View Details
    • Contact for pricing
      1,399 SF

      Weber City Flex Space Opportunity

      High-visibility flex space with office and garage on 1.08 acres.
      563 Us Highway 23, Weber City, VA 24290
      View Details

    FAQs

    What type of property is this?
    Retail property - High-visibility lot with office space and garage near Kingsport, TN.
    Where is this retail property located?
    The property is located at 563 U S Highway 23 Weber City, VA.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: High‑visibility 1.08‑acre lot with 328 feet of frontage on US Highway 23 and 356 feet on State Route 727.; Prime location less than one mile from Kingsport, Tennessee, with high traffic count for maximum business exposure.; Move‑in ready 1399 sq ft trailer/office space featuring three large office rooms, restroom, and rear garage bay.
    (423) 276-8232
    We can help!
    Listing Contact
    Lori Fletcher
    Real Estate License ID: 355734
    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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