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    198 Commonwealth Dr Wytheville, VA 24382

    For Lease
    $23 SF/Yr ($15,333 /Mo)
    Lot size:
    8,000 SF
    Added:
    Dec 11, 2024
    Days on Market:
    369

    Property Features for 198 Commonwealth Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Class
    B
    Total Rate
    15333.33

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,506 SF
    Rate per SF
    $26
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0970871
    Latitude
    36.9586709

    Nearby Similar for Lease

    • Contact for pricing
      5,021 SF

      Dominant Regional Retail Center Space

      Regional retail center anchored by Walmart and Lowes.
      215-345 Commonwealth Dr, Wytheville, VA 24382
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    • Contact for pricing
      18,900 SF

      Retail Space in Lehy Plaza

      Retail space available in Food Lion anchored Lehy Plaza.
      1370-1380 E Main St, Wytheville, VA 24382
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    • Contact for pricing
      99,745 SF

      Wythe Plaza Shopping Center For Lease

      Prime Retail Space, I-77 & I-81 Corridor
      800 Main St, Wytheville, VA 24382
      View Details
    • $216 SF/Yr
      6,064 SF

      Lithia Road Restaurant Opportunity

      Prime Retail Space, I-81 Corridor
      190 Lithia Rd, Wytheville, VA 24382
      View Details
    • Contact for pricing

      LeHy Shopping Center: Prime Retail Space

      Wytheville, VA Retail Center - 18,900 sq ft
      1380 Main St, Wytheville, VA 24382
      View Details
    • Contact for pricing
      1,400 SF

      Renovated Shopping Center Space Available

      99,745 SF renovated shopping center on 8.69 acres.
      235 Fairground Rd, Wytheville, VA 24382
      View Details

    FAQs

    Where is this restaurant located?
    The property is located at 198 Commonwealth Dr Wytheville, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
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    Wytheville, VA 24382
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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
    198 Commonwealth Dr Wytheville, VA 24382
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