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    708-780 Commonwealth Dr Norton, VA 24273

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    For Lease
    Contact for pricing

    Retail space for lease in a Walmart shadow-anchored center.

    Property size:
    4,003 SF
    Lot size:
    29.27 Acres

    Property Features for 708-780 Commonwealth Dr

    General Information

    Size
    4,003 SF
    Lot size
    29.27 Acres

    Source: Rivercrest Realty Investors Agent Alexis Johnson

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

    Overview

    Norton Commons Retail Space Available

    Located on Commonwealth Drive in Norton, Virginia, just off US Highway 23, Norton Commons is a retail center anchored by Walmart. The center serves as a shopping destination for residents of Virginia, West Virginia, Kentucky, and Tennessee, owing to its location and proximity to bordering states. The property features strong co-tenancy, including Burke's Outlet, Hallmark, Hibbett Sports, Shoe Show Mega Store, OneMain Financial, Sally Beauty, and Verizon Wireless. The available space has dimensions of 29 feet 11 inches by 100 feet, totaling 4,003 square feet. Internet cafes are not permitted.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Pharmacy Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Norton
    State
    Virginia
    Longitude
    -82.603649
    Latitude
    36.9549209

    Nearby Similar for Lease

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    • Contact for pricing
      23,145 SF

      Norton, VA Retail Space Available

      High-traffic Co-Tenancy near Rural King
      608 Trent St, Norton, VA 24273
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    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in a Walmart shadow-anchored center.
    Where is this shopping center located?
    The property is located at 708-780 Commonwealth Dr Norton, VA.
    What are key features of this property?
    This property features: - Dominant retail center serving a multi-state region (VA, WV, KY, TN).; - Walmart shadow-anchored center.; - Located directly off US Highway 23.
    (919) 926-3112
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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
    708-780 Commonwealth Dr Norton, VA 24273
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