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    5835 Virginia Ave Bassett, VA 24055

    For Lease
    $7 SF/Yr ($5,457 /Mo)

    8,450 sq ft retail space in high-traffic location.

    Property size:
    8,450 SF
    Lot size:
    6.59 Acres

    Property Features for 5835 Virginia Ave

    General Information

    Size
    8,450 SF
    Lot size
    6.59 Acres

    Source: Income Properties Agent Bill Hicks

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

    Overview

    Former CVS Retail Space Available

    This is an 8,450 square foot retail space, formerly a CVS, situated on a major highway (US 220) at a signalized intersection. It is located within a high-volume Food Lion center. The space can be divided to create spaces of approximately 2,300 square feet and 6,400 square feet, which can be further divided.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath Food Market Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Bassett
    County
    Henry
    State
    Virginia
    Longitude
    -79.9389334
    Latitude
    36.7490422

    FAQs

    What type of property is this?
    Retail space - 8,450 sq ft retail space in high-traffic location.
    Where is this retail space located?
    The property is located at 5835 Virginia Ave Bassett, VA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - 8,450 sq ft former CVS space available; - Located on major highway (US 220) at a signalized intersection; - Situated within a high-volume Food Lion center
    (919) 782-4798
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    5835 Virginia Ave Bassett, VA 24055
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    Bassett, VA 24055
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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
    5835 Virginia Ave Bassett, VA 24055
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