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    18309 Al Philpott Hwy Spencer, VA 24165

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    For Sale
    $975,000

    8,000 SF retail building on high-traffic highway near Martinsville.

    Property size:
    8,000 SF
    Lot size:
    2.30 Acres

    Property Features for 18309 Al Philpott Hwy

    General Information

    Size
    8,000 SF
    Lot size
    2.30 Acres

    Source: Hall Associates, Inc Agent Stuart Meredith

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

    Overview

    Former Family Dollar Store Available

    This is a former Family Dollar store, a retail property comprising 8,000 square feet. The building is situated on a high-traffic highway near Martinsville, Virginia.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Wholesale Shop Auto Parts Store Food Market Grocery Store Discount Store Electrical Service Convenience Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Henry
    State
    Virginia
    Longitude
    -79.963357
    Latitude
    36.625038

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      21915 Al Philpott Hwy, Spencer, VA 24165
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    FAQs

    What type of property is this?
    Storefront property - 8,000 SF retail building on high-traffic highway near Martinsville.
    Where is this storefront property located?
    The property is located at 18309 Al Philpott Hwy Spencer, VA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - High traffic highway location; - 8,000 square foot building, formerly a Family Dollar store; - Located near Martinsville VA
    (540) 982-0011
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    18309 Al Philpott Hwy Spencer, VA 24165
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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
    18309 Al Philpott Hwy Spencer, VA 24165
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