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    215-345 Commonwealth Dr Wytheville, VA 24382

    For Lease
    Contact for pricing

    Regional retail center anchored by Walmart and Lowes.

    Property size:
    5,021 SF
    Lot size:
    21.74 Acres

    Property Features for 215-345 Commonwealth Dr

    General Information

    Size
    5,021 SF
    Lot size
    21.74 Acres

    Source: Rivercrest Realty Investors Agent Alexis Johnson

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

    Overview

    Dominant Regional Retail Center Space

    Wytheville Commons is a regional retail center anchored by a Walmart Supercenter and Lowes Home Improvement. The center draws from a 10-mile radius and includes national tenants such as Bealls, Dollar Tree, Petco, Pizza Hut, and Subway. Located at 345 Commonwealth Drive, just off SR 21 (N 4th St.) and I-81 (exit 70), it benefits from high traffic at the area's busiest intersection. Traffic counts average 31,000 vehicles per day on I-81 and 16,000 vehicles per day on Hwy 21. The center is easily accessible via a signalized main entrance providing ingress and egress for both east and west bound SR 21 traffic and is in close proximity to I-77. Available space dimensions are 49'-7" x 100'-5", totaling 5,021 square feet. No internet cafes.
    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.

    Similar Places Nearby

    Quick-Tag, Coinstar Kiosk | Bitcoin ATM, Old Stage Mall, Wytheville Commons, Evansham Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0966821
    Latitude
    36.9571752

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    FAQs

    What type of property is this?
    Shopping center - Regional retail center anchored by Walmart and Lowes.
    Where is this shopping center located?
    The property is located at 215-345 Commonwealth Dr Wytheville, VA.
    What are key features of this property?
    This property features: - Anchored by Walmart Supercenter and Lowes Home Improvement, driving significant customer traffic; - Located at the busiest intersection in the area, off I-81 (exit 70) and SR 21; - High traffic counts: 31,000 VPD on I-81 and 16,000 VPD on Hwy 21
    (919) 926-3112
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    Wytheville, VA 24382
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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
    215-345 Commonwealth Dr Wytheville, VA 24382
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