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    Renovated Open-Plan Office/Retail Title is generated by Realmo AI

    44 4TH Street, Pulaski, VA 24301

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    For Sale
    $495,000

    COMMERCIAL - Pulaski, VA

    Lot size:
    0.36 Acres
    Added:
    Apr 9, 2024
    Days on Market:
    786
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 44 4TH Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOTS 22,24,26,28 BLOCK 24
    Tax Annual Amount
    1146

    Utilities

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

    Building Details

    Year built
    1988
    Flooring type
    Wood, Lvp
    Building materials
    Brick Veneer

    We can help!

    Listing Contact
    Nancy Page

    Listing agent Nancy Page License #225043559

    Listing office Page & Assoc. Real Estate 1655 Roanoke Street, POB1499, Christiansburg, VA

    Listing date Apr 9, 2024

    MLS# 420711

    Copyright © 2026 New River Valley 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

    • Extensively renovated downtown Pulaski one‑level open concept building
    • RO zoning; available for lease at $2,500/month triple net
    • Heat pump heating with central air; HVAC system updated as part of renovations
    • Brick veneer construction with wood and LVP flooring
    • Open plan with large multipurpose room, private kitchen, vestibule entry, 2 restrooms, and multiple closets
    • Public water source; available in documents with floorplan and renovation details

    Overview

    This downtown Pulaski building has undergone extensive renovations, with documented updates to major building systems including HVAC, electrical, and plumbing, along with kitchen and restroom improvements. The layout is one level and open concept, centered on a large multipurpose room that can be configured for office or retail use. The space also includes a private kitchen, a vestibule entry, two restrooms, and several closets for storage.

    The property is located at 44 4TH Street in Pulaski, Virginia. It is situated in Residential Office (RO) zoning and is within a flood zone. Additional information, including a complete list of renovations and a building floorplan, is available in the offering documents.

    For a tenant or buyer seeking flexible space, the open multipurpose room supports a range of service, office, or small retail concepts, while the private kitchen and two restrooms support day-to-day operations. Prospective users should review zoning and flood-zone considerations for intended occupancy and any required approvals. Owner financing may be an option for qualified buyers, and the property is also described as available for lease on a triple-net basis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pulaski
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.78118
    Latitude
    37.050128

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    FAQs

    What type of property is this?
    Office units - Renovated one-level suite with open multipurpose room, private kitchen, and two restrooms in RO zoning within a flood zone.
    Where is this office units located?
    The property is located at 44 4TH Street Pulaski, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Extensively renovated downtown Pulaski one‑level open concept building; RO zoning; available for lease at $2,500/month triple net; Heat pump heating with central air; HVAC system updated as part of renovations
    (540) 392-9505
    We can help!
    Listing Contact
    Nancy Page
    Real Estate License ID: 225043559
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    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.

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