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    Corner Live-Work Retail Opportunity Title is generated by Realmo AI

    101 Mays Hollow Road, Pembroke, VA 24136

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    For Sale
    $249,000

    COMMERCIAL - Pembroke, VA

    Property size:
    640 SF
    Lot size:
    2.75 Acres
    Price / SF:
    $389/SF
    Added:
    Apr 24, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 101 Mays Hollow Road

    General Information

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

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Map #42B-2-34A; Via Main Street
    Tax Annual Amount
    844

    Utilities

    Heating system
    Ductless (Heating)
    Water source
    Public

    Building Details

    Year built
    1950
    Flooring type
    Lvp
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    Bruce Morris
    Bruce Morris

    Listing agent Bruce Morris

    Listing office UC/Blue Ridge Land - Cburg 438 Peppers Ferry Rd., Floyd, VA

    Listing date Apr 24, 2026

    MLS# 427116

    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

    • Approx. 640 SF interior with a large open room plus 1 bedroom/office and 1 full bath
    • Corner location on Rte 460 and Mays Hollow Rd in Pembroke, about 15 minutes from Blacksburg
    • Zoned PB‑1, allowing both commercial and residential use for flexible live/work or business setups
    • Newer metal roof and siding, with wood‑frame construction
    • Large covered front porch for outdoor use (could be enclosed for additional space)
    • 2.75 acres of mostly steep woodland, offering a natural buffer

    Overview

    This corner property offers a flexible live-work and business layout with approximately 640 square feet of interior space. The interior includes a large open room plus one bedroom (or office) and one full bath. A large covered front porch adds usable outdoor space and could be enclosed for additional interior area. Exterior improvements include a newer metal roof and updated siding, supporting a clean, dependable base for a small operator.

    Situated at the intersection of Rte 460 and Mays Hollow Rd in Pembroke, the site is described as having strong visibility and access, with Blacksburg located about 15 minutes away. The property is zoned PB-1 and permits both commercial and residential use, which aligns well with a small storefront, service business, or combined work-and-living setup. Previously, the location operated as the East End Sandwich Shop and Donald Lee's Barbershop.

    On a 2.75-acre site of mostly steep woodland, the property provides a measure of natural buffering while still offering a street-facing presence through the corner positioning and covered porch. With its compact, functional interior and PB-1 flexibility, it can suit tenants seeking an adaptable footprint for retail, office, or service uses where visibility and straightforward access matter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke
    County
    Giles
    State
    Virginia
    Longitude
    -80.6302656
    Latitude
    37.3208089

    FAQs

    What type of property is this?
    Live-work space - Versatile corner property with interior space, bedroom/office, and covered porch, zoned for commercial and residential.
    Where is this live-work space located?
    The property is located at 101 Mays Hollow Road Pembroke, VA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Approx. 640 SF interior with a large open room plus 1 bedroom/office and 1 full bath; Corner location on Rte 460 and Mays Hollow Rd in Pembroke, about 15 minutes from Blacksburg; Zoned PB‑1, allowing both commercial and residential use for flexible live/work or business setups
    (540) 808-9103
    We can help!
    Listing Contact
    Bruce Morris
    Bruce Morris
    Request Owner's contact information
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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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