Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Multi-Family Investment Opportunity Title is generated by Realmo AI

    134/190 Galilee Church Road, Wytheville, VA 24382

    View on Map
    Claim this Listing
    New
    For Sale
    $525,000

    MULTI_FAMILY - Wytheville, VA

    Property size:
    640 SF
    Lot size:
    8.29 Acres
    Price / SF:
    $820/SF
    Added:
    May 31, 2026
    Days on Market:
    1
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 134/190 Galilee Church Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    co/res
    Parking features
    Driveway
    Window features
    Insulated Windows
    Interior features
    Newer Paint
    Exterior features
    Garden
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Oven, Refrigerator, Electric Water Heater
    Standard status
    Active
    Size
    640 SF
    Lot size
    8.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    854

    Utilities

    Sewer type
    Shared Septic, Septic Tank
    Heating system
    Electric (Heating), Wood, Propane (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2024
    Number of units
    6
    Flooring type
    Wood
    Building materials
    Wood Siding, Dry Wall
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Vicki Seagle

    Listing agent Vicki Seagle License #0225244146

    Listing office Weichert Realtors-Short Way Real Estate 1205 E Main Street, Wytheville, VA

    Listing date May 31, 2026

    MLS# 110341 Listing URL

    Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New 2024‑built main home with efficient features, including spray foam insulation.
    • 8.29 acres of partially fenced land ideal for investment or hobby farming.
    • Multiple income streams from main home and 5 existing mobile homes.
    • Eight recently inspected and approved septic systems with 4 leach fields.
    • Code‑compliant shed ready for conversion.
    • Individual electric meters for each residence simplifying billing.

    Overview

    This multi-family property offers income potential on 8.29 partially fenced acres in a rural setting. It features a new 2024-built main home with 1 bedroom, 1 bath, and 640 square feet of living space. The home includes closed-cell spray foam insulation in the walls and floors, 200-amp electrical service, and propane heat with a wood stove backup. A code-compliant shed with finished rafters is ready to be converted into an additional tiny home or studio. There are five mobile homes of varying sizes, ages, and heat sources, each with its own electric meter. Infrastructure includes 8 septic systems with 4 leach fields, recently up to code and inspected. Four additional outbuildings provide storage, workshop, or development opportunities. The land features established fruit trees, existing animal fencing, and open space suited for hobby farming or homesteading. This property delivers flexibility, infrastructure, and long-term value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Auto Repair Shop Department Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.1092293
    Latitude
    36.9051033

    Nearby Similar for Sale

    • $250,000
      3,360 SF

      Commercial Property in Wytheville, VA

      Income-producing commercial property with established tenants in a prime location.
      1330 W Ridge Street, Wytheville, VA 24382
      View Details
    • $525,000

      Income-Generating Property on 8+ Acres

      8.29 acres with 10 mobile homes and 1 house.
      134/190 Galilee Church Road, Wytheville, VA 24382
      View Details
    • $399,000
      4,949 SF

      Downtown Wytheville Multi-Purpose Commercial Building

      Two-story commercial building with income potential in downtown Wytheville.
      195 S 1st Street, Wytheville, VA 24382
      View Details
    • $1,900,000
      4,400 SF

      Mattress Firm Retail Investment Opportunity

      Freestanding Mattress Firm at I-81 & I-77 crossroads.
      230 Commonwealth Dr, Wytheville, VA 24382
      View Details
    • $2,500

      Historic Office Space in Wytheville

      Furnished, move-in-ready office space in a recognizable historic building.
      150 W Main Street, Wytheville, VA 24382
      View Details
    • $250,000
      3,360 SF

      Income-Producing Commercial Property For Sale

      Income-producing property with established tenants in a prime commercial corridor.
      1330 W Ridge Street, Wytheville, VA 24382
      View Details
    • $3,500,000
      37,184 SF

      Hotel with Modern Amenities

      Hotel featuring complimentary breakfast, Wi-Fi, and pet-friendly accommodations.
      140 Lithia Rd, Wytheville, VA 24382
      View Details
    • $795,000
      6,064 SF

      Retail Space on 1.26 Acres

      6,064 SF retail space in I-81/I-77 Crossroads development.
      190 Lithia Rd, Wytheville, VA 24382
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Multi-family property on 8.29 acres with income potential.
    Where is this mobile home & rv park located?
    The property is located at 134/190 Galilee Church Road Wytheville, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: New 2024‑built main home with efficient features, including spray foam insulation.; 8.29 acres of partially fenced land ideal for investment or hobby farming.; Multiple income streams from main home and 5 existing mobile homes.
    (276) 920-4431
    We can help!
    Listing Contact
    Vicki Seagle
    Real Estate License ID: 0225244146
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    134/190 Galilee Church Road, Wytheville, VA 24382
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!