Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    139 Town Square Street Glade Spring, VA 24340

    View on Map
    Claim this Listing
    New
    For Sale
    $199,900

    COMMERCIAL - Glade Spring, VA

    Property size:
    1,416 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $141/SF
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 6:06 am

    Property Features for 139 Town Square Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial
    Standard status
    Active
    APN
    052a217 1
    Size
    1,416 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    535

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Maxwell Yates

    Listing agent Maxwell Yates License #225269010

    Listing office Matt Smith Realty 102 Wall St Suite 3, ABINGDON, VA

    Listing date Apr 27, 2026

    MLS# 9994525

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Opportunity in Glade Spring

    This commercial property presents an opportunity to own a business or restaurant. The property includes modern equipment such as a walk-in cooler with a six-line beer tap system, a stand-alone freezer, a six-burner gas range, and an eight-foot hood system with fire suppression. The sale includes tables, dishes, utensils, and chairs. The property features an open-concept dining area inside to accommodate customers, along with a new 18x40 deck for outdoor dining and an 18x25 open patio to accommodate even more patrons. The building size is 1,416 square feet and the lot size is 0.07 acres. The property is zoned commercial and is located in Glade Spring, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tavern 13 Restaurant

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Glade Spring
    County
    Washington
    State
    Virginia
    Longitude
    -81.770936
    Latitude
    36.790505

    Nearby Similar for Sale

    • $525,000
      5,202 SF

      Mixed-Use Property in Glade Spring

      Commercial property with retail space and apartments in Glade Spring.
      208 Town Square Street, Glade Spring, VA 24340
      View Details
    • $449,000
      3,200 SF

      Mixed-Use Investment Opportunity, Glade Spring

      Versatile mixed-use property with apartments and office spaces for sale.
      33424 Bunker Hill Lane, Glade Spring, VA 24340
      View Details
    • $5,050,000
      4,931 SF

      Glade Spring Gas Station ForSale

      Gas station with corporate guaranty and long-term lease.
      12319 Maple St, Glade Spring, VA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with equipment, indoor and outdoor seating ready for business.
    Where is this conventional restaurant located?
    The property is located at 139 Town Square Street Glade Spring, VA.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity with existing equipment, including walk‑in cooler, freezer, gas range, hood system, tables, chairs, dishes, and utensils.; **Extensive outdoor dining space**: Enjoy an 18X40 deck and 18X25 open patio.; Open concept dining area ready to accommodate many customers.
    (276) 274-9479
    We can help!
    Listing Contact
    Maxwell Yates
    Real Estate License ID: 225269010
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!