Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd Lee Hwy Dublin, VA 24084

    Sponsored
    For Sale
    $795,000

    Commercial - Dublin, VA

    Lot size:
    12.65 Acres
    Days on Market:
    125
    Last Refresh:
    Jan 28 at 6:06 pm

    Property Features for Tbd Lee Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    55166
    Lot size
    12.65 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeannette Boyd
    Jeannette Boyd

    Page & Associates Real Estate (540) 392-9505

    Listing agent Jeannette Boyd (540) 392-9505 License #225061743

    Listing date Sep 26, 2025

    MLS# 421026 Listing URL

    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.

    Learn more

    Overview

    Dublin, VA Commercial Land

    This commercial land offering consists of 9.816 acres. The property has road frontage on Lee Highway and Hatcher Road. It benefits from a traffic volume exceeding 12,000 cars per day. Public water, sewer, and gas are available. A future traffic signal is planned to facilitate easy access to the property. Potential uses include hotel/motel, restaurant, and gas station/convenience store.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Dublin
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.6542
    Latitude
    37.0923

    Nearby Similar for Sale

    • $1,295,000
      1,500 SF

      Industrial Buildings in Pulaski Park

      Two connected industrial buildings with warehouse and office space for sale.
      4085 Pepperell Way, Dublin, VA 24084
      View Details
    • $1,645,000
      3.37 Acres

      Dublin Industrial Park Opportunity

      Two industrial buildings in high-demand Pulaski County Industrial Park.
      4089 Pepperell Way, Dublin, VA 24084
      View Details
    • $250,000
      0.50 Acres

      Duplex with Strong Rental History

      Two-unit duplex in Dublin, VA with consistent cash flow.
      6150 Old Rte 11 Rte, Dublin, VA 24084
      View Details
    • $599,000
      93.00 Acres

      93 Acres Development Property

      Development property with easy access to Radford, Dublin, and Pulaski.
      Lee Hwy, Dublin, VA 24084
      View Details
    • $749,950
      5,300 SF

      Freestanding Restaurant Opportunity Near I-81

      Freestanding restaurant near I-81 and Walmart for sale.
      4586 Alexander Farm Rd, Dublin, VA 24084
      View Details
    • $1,438,000
      10,000 SF

      Dublin, VA Retail Opportunity

      NNN leased Dollar Tree with over 7 years remaining.
      4801 Cleburne Blvd, Dublin, VA 24084
      View Details
    • $1,849,000
      3.37 Acres

      Dublin Industrial Park Investment

      Two buildings, 18,128 sq ft, 3.37 acres
      4089 Pepperell Way, Dublin, VA 24084
      View Details
    • $1,395,000
      1.97 Acres

      Dublin Industrial Property - Prime Location

      Two Buildings, Ample Space, Ideal for Business
      4085 Pepperell Way, Dublin, VA 24084
      View Details
    • $995,000
      9.82 Acres

      Prime Dublin Commercial Land

      9.8 Acres, High Traffic, Endless Potential
      Tbd Lee Hwy, Dublin, VA 24084
      View Details
    • $264,750
      0.80 Acres

      477 Cleburne Blvd, Dublin, VA 24084

      Commercial real estate • 0.80 Acres
      477 Cleburne Blvd, Dublin, VA 24084
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9.816 acre commercial land with high traffic volume.
    Where is this commercial land located?
    The property is located at Tbd Lee Hwy Dublin, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - 9.816 acres of commercial land; - High traffic volume (12,000+ cars per day); - Road frontage on Lee Highway and Hatcher Road
    (540) 392-9505
    Request Owner's contact information
    Tbd Lee Hwy Dublin, VA 24084
    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.
    Tbd Lee Hwy
    Dublin, VA 24084
    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
    Tbd Lee Hwy Dublin, VA 24084
    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

    We can help!
    Listing Contact
    Jeannette Boyd
    Jeannette Boyd
    Real Estate License ID: 225061743
    (540) 392-9505
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.