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    7429 Lee Hwy, Unit | Fairlawn Radford, VA 24141

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    For Sale
    $595,000

    Recently renovated retail space with high visibility and traffic.

    Property size:
    6,000 SF

    Property Features for 7429 Lee Hwy

    General Information

    Size
    6,000 SF

    Building Details

    Year built
    1990

    Source: Richard Wellford, CCIM Agent Richard Wellford, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stand Alone Retail Space

    This is a 6,000 square foot stand-alone retail space situated in the Fairlawn section of Radford, Virginia, along US Route 11, just north of Peppers Ferry Road. The property benefits from high traffic and visibility from all directions, with a traffic count of 26,000 cars per day. It is located among businesses such as Lowes, Walmart, Kroger, Starbucks, Sheetz, and Rural King, as well as various fast-food establishments. The property has been recently renovated and is ready for occupancy. A highly visible monument sign is present. The property includes a hydraulic lift for deliveries and a loading area with racking provided. It is located on the commercial main drag in Radford. The previous tenant expanded to a larger site nearby.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Radford
    County
    Radford
    State
    Virginia
    Longitude
    -80.5808994
    Latitude
    37.1439136

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    FAQs

    What type of property is this?
    Retail space - Recently renovated retail space with high visibility and traffic.
    Where is this retail space located?
    The property is located at 7429 Lee Hwy, Unit | Fairlawn Radford, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - High traffic location with **26,000 cars per day.**; - **High visibility** from all directions and a highly visible monument sign.; - Located on the commercial main drag in Radford near major retailers (Lowes, Walmart, Kroger, Starbucks, Sheetz, Rural King).
    (540) 537-6732
    Request Owner's contact information
    7429 Lee Hwy, Unit | Fairlawn Radford, VA 24141
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    Radford, VA 24141
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    Realmo Value Estimation

    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.

    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.

    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
    7429 Lee Hwy, Unit | Fairlawn Radford, VA 24141
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