Add Listing
    For Lease
    • 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

    880 E Main St Wytheville, VA 24382

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    99,745 SF renovated shopping center on 8.69 acres.

    Property size:
    4,311 SF
    Lot size:
    9.12 Acres

    Property Features for 880 E Main St

    General Information

    Size
    4,311 SF
    Lot size
    9.12 Acres

    We can help!

    Listing Contact
    Julie O'Donnell
    Julie O'Donnell
    Source: Moodyscre

    Listing Agency: Big V Property Group Listing Agent: Julie O'Donnell

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

    Learn more

    Property Insight Report

    Overview

    Renovated Shopping Center For Lease

    This is a 99,745 square-foot renovated shopping center situated on approximately 8.69 acres. The property is located at 800 East Main St., with a traffic volume of 9718 vehicles per day, at the intersection of Interstates 77 and 81. It is situated several blocks from Wytheville Community College and just over a mile from the Wytheville County Hospital. Wytheville is located approximately 75 miles west of Roanoke, VA and 90 miles northwest of Winston-Salem, NC. New Anchor Tenant coming soon! Available space is 4,311 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0749758
    Latitude
    36.9533354

    Nearby Similar for Lease

    • Contact for pricing
      18,900 SF

      Retail Space in Lehy Plaza

      Retail space available in Food Lion anchored Lehy Plaza.
      1370-1380 E Main St, Wytheville, VA 24382
      View Details
    • Contact for pricing
      1,400 SF

      Renovated Shopping Center Space Available

      99,745 SF renovated shopping center on 8.69 acres.
      235 Fairground Rd, Wytheville, VA 24382
      View Details
    • Contact for pricing
      1,385 SF

      Renovated Shopping Center For Lease

      99,745 SF renovated shopping center on 8.69 acres.
      205 Fairground Rd, Wytheville, VA 24382
      View Details
    • Contact for pricing
      5,021 SF

      Dominant Regional Retail Center Space

      Regional retail center anchored by Walmart and Lowes.
      215-345 Commonwealth Dr, Wytheville, VA 24382
      View Details
    • Contact for pricing
      99,745 SF

      Wythe Plaza Shopping Center For Lease

      Prime Retail Space, I-77 & I-81 Corridor
      800 Main St, Wytheville, VA 24382
      View Details
    • $216 SF/Yr
      6,064 SF

      Lithia Road Restaurant Opportunity

      Prime Retail Space, I-81 Corridor
      190 Lithia Rd, Wytheville, VA 24382
      View Details
    • Contact for pricing

      LeHy Shopping Center: Prime Retail Space

      Wytheville, VA Retail Center - 18,900 sq ft
      1380 Main St, Wytheville, VA 24382
      View Details
    • $23 SF/Yr
      8,000 SF

      STARBUCKS ANCHORED STRIP

      Retail properties & Spaces • 8,000 SF
      198 Commonwealth Dr, Wytheville, VA 24382
      View Details

    FAQs

    What type of property is this?
    Shopping center - 99,745 SF renovated shopping center on 8.69 acres.
    Where is this shopping center located?
    The property is located at 880 E Main St Wytheville, VA.
    What are key features of this property?
    This property features: - 99,745 SF renovated shopping center.; - Located at the crossroads of Interstates 77 and 81.; - Situated on ±8.69 acres.
    (877) 244-8532 Call to check price and availability
    Request Owner's contact information
    880 E Main St Wytheville, VA 24382
    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.
    880 E Main St
    Wytheville, VA 24382
    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
    880 E Main St Wytheville, VA 24382
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julie O'Donnell
    Julie O'Donnell
    Real Estate License ID: 82082
    (877) 244-8532 (980) 333-5185
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!