Add Listing
    For Sale
    • 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

    15856 Porterfield Hwy Abingdon, VA 24210

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use properties

    Type:Mixed Use, Office, Retail, Special Purpose
    Property size:
    7,526 SF
    Added:
    Mar 17, 2022
    Days on Market:
    1491
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 15856 Porterfield Hwy

    General Information

    Standard status
    Active
    Size
    7,526 SF
    Property subtype
    Mixed Use, Office, Retail, Special Purpose

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Rick Armstrong, III

    Listing agent Rick Armstrong, III License #VA 0225069934

    Listing office TCI Group Bristol

    Listing date Mar 17, 2022

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of TCI Group Bristol

    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -82.0137257
    Latitude
    36.7207713

    Nearby Similar for Sale

    • $389,000
      1,564 SF

      Move-In Ready Commercial Building

      Steel-frame building on 0.77 acres, suitable for various businesses.
      19462 Lee Highway, Abingdon, VA 24210
      View Details
    • $699,000
      2,100 SF

      Historic Grist Mill Estate

      Historic grist mill property with special use permit.
      21405 Parks Mill Road, Abingdon, VA 24211
      View Details
    • $689,900
      2,490 SF

      Abingdon Medical Office Building

      Well-maintained medical office near historic Abingdon with ample parking.
      612 Campus Drive, Abingdon, VA 24210
      View Details
    • $379,000
      2,294 SF

      Historic District Versatile Commercial Property

      Versatile property in Abingdon's Historic District, suitable for commercial/residential use.
      158 W Vly Street, Abingdon, VA 24210
      View Details
    • $129,900

      Abingdon Farm with Development Potential

      6.31 acre farm with farmhouse, barn, and utilities.
      26537 Rich Valley Rd lot: 2 & 4, Abingdon, VA 24210
      View Details
    • $119,900
      1,709 SF

      Charming Rock House with Garage

      Multi-use property with open floor plan and garage/storage building.
      1290 West Main Street, Abingdon, VA 24210
      View Details
    • $2,985,000
      20,382 SF

      Versatile Commercial Property in Abingdon

      Mixed-use property with retail, warehouse, and office space.
      1080 W Main Street, Abingdon, VA 24210
      View Details
    • $389,000
      1,564 SF

      Abingdon Commercial Building For Sale

      Steel-frame building on 0.77 acres, move-in ready or modifiable.
      19462 Lee Hwy, Abingdon, VA 24210
      View Details
    • $6,200,000

      Versatile Property on Highway 19/58

      Prime location suitable for retail or service businesses.
      16100 Porterfield Highway, Abingdon, VA 24210
      View Details
    • $960,000

      Commercial Property Near Virginia Highlands

      Commercial property near Virginia Highlands Community College with high traffic.
      1110 W Main St, Abingdon, VA, 24210-4702
      View Details
    • $3,100,775
      2,443 SF

      Retail Space For Sale

      Retail space available with a 10-year lease.
      970 E Main St, Abingdon, VA
      View Details
    • Contact for pricing
      1,564 SF

      Modern Commercial Building on 0.77 Acres

      Steel-frame building on 0.77 acres, move-in ready or easily modified.
      19462 Lee Highway, Abingdon, VA 24210
      View Details

    FAQs

    Where is this mixed-use property located?
    The property is located at 15856 Porterfield Hwy Abingdon, VA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Signalized corner location provides excellent visibility and high traffic counts.; Located on Hwy 58, a major state highway connecting Abingdon, VA to Southwest Virginia and West Virginia.; Positioned at the entrance to several large churches and Abingdon Elementary School, ensuring consistent traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Armstrong, III
    Real Estate License ID: VA 0225069934
    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!