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

    R 1311/1313/1317 Peppers Fry Pulaski, VA 24301

    Sponsored
    For Sale
    $475,000

    3.27 Acres, Multiple Buildings, Endless Uses

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    362
    This exceptional commercial property in Pulaski, Virginia, presents a unique investment opportunity. The 3.27-acre lot encompasses a charming Cape Cod-style house, a detached garage, a bungalow, and a separate store building, offering a diverse range of possibilities for redevelopment or expansion. The property's zoning provides flexibility for various commercial ventures. Lots 2-6 and 8-10 are zoned R4, while Lot 7 is zoned R1, allowing for a mix of residential and commercial uses, subject to local regulations. The existing structures provide immediate income potential or serve as a foundation for future development. The substantial land area allows for ample parking, expansion of existing buildings, or the construction of new structures. This property is ideally suited for an investor seeking a multi-faceted project with significant upside potential. The combination of existing buildings and the expansive lot size makes this a rare find in the Pulaski market. Its location within the town of Pulaski offers convenient access to local amenities and transportation routes. The property's versatility makes it suitable for a wide array of commercial uses, from retail and office space to light industrial or residential development, depending on the chosen zoning compliance. Serious inquiries are encouraged to explore the full potential of this remarkable property. Detailed zoning information and site plans are available upon request.

    Property Features for R 1311/1313/1317 Peppers Fry

    General Information

    Property type
    Other commercial real estate
    Lot Size
    142,441 SF

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Katrina Compton

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pulaski
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.76123
    Latitude
    37.05991

    Nearby Similar for Sale

    • $495,000
      0.36 Acres

      Renovated Commercial Building in Pulaski

      Downtown Pulaski building with extensive renovations, suitable for office/retail.
      44 4Th St NW, Pulaski, VA 24301
      View Details
    • $259,900
      0.10 Acres

      Updated Triplex Near Downtown Pulaski

      Updated triplex near downtown Pulaski with strong cash flow potential.
      238 3Rd St NW, Pulaski, VA 24301
      View Details
    • $194,900
      0.24 Acres

      Versatile Commercial Space in Pulaski

      1650 sq ft commercial space suitable for various business uses.
      1311 Peppers Ferry Rd, Pulaski, VA 24301
      View Details
    • $568,000
      1.16 Acres

      Pulaski Motel and Restaurant Opportunity

      Former motel with restaurant, expansion space, and conversion potential.
      307 5Th St NE, Pulaski, VA 24301
      View Details
    • $625,000
      0.19 Acres

      Pulaski Apartment Building Investment Opportunity

      Six-unit apartment building near downtown Pulaski, Virginia.
      131 5Th St NW, Pulaski, VA 24301
      View Details
    • $299,900
      1.10 Acres

      Main Street Restaurant Opportunity

      Restaurant or retail property with large parking lot on Main.
      1075 E Main St, Pulaski, VA 24301
      View Details
    • $299,900
      1.10 Acres

      Main Street Commercial Restaurant Opportunity

      5186 sq ft restaurant on Main St with parking.
      1075 E Main St, Pulaski, VA 24301
      View Details
    • $1,900,000
      36,457 SF

      Former Food City Retail Opportunity

      37,000 SF retail building on 4 acres in Pulaski.
      1400 Bob White Blvd, Pulaski, VA 24301
      View Details
    • $119,000
      0.50 Acres

      Pulaski Commercial Building - Huge Potential

      Versatile space, prime Pulaski location, 0.5-acre lot.
      5750 Alum Spring Rd, Pulaski, VA 24301
      View Details
    • $499,000
      1.12 Acres

      Main Street Commercial Building

      Pulaski, VA - High-Bay Warehouse Space
      934 Main St, Pulaski, VA 24301
      View Details
    • $469,000
      0.36 Acres

      Downtown Pulaski Commercial Building

      Renovated Commercial Space - Owner Financing Possible
      44 4Th St, Pulaski, VA 24301
      View Details
    • $524,500
      15,600 SF

      Pulaski County Flex Space Investment

      Historic building, mixed-use income property.
      28 Main St, Pulaski, VA 24301
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 3.27 Acres, Multiple Buildings, Endless Uses
    Where is this commercial real estate located?
    The property is located at R 1311/1313/1317 Peppers Fry Pulaski, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    (540) 639-1322
    Request Owner's contact information
    R 1311/1313/1317 Peppers Fry Pulaski, VA 24301
    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.
    R 1311/1313/1317 Peppers Fry
    Pulaski, VA 24301
    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
    R 1311/1313/1317 Peppers Fry Pulaski, VA 24301
    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
    Katrina Compton
    (540) 639-1322
    Learn more
    Google sign-in failed. Please try again or use another login method.