Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in High Traffic Area Title is generated by Realmo AI

    9406 Highway One, South Hill, VA 23970

    View on Map
    Claim this Listing
    For Sale
    $199,000

    COMMERCIAL - South Hill, VA

    Lot size:
    1.00 Acre
    Added:
    Jan 9, 2026
    Days on Market:
    134
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 9406 Highway One

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Kristen DeJarnette

    Listing agent Kristen DeJarnette

    Listing office The Pointe Realty Group (Littleton) 2105 Eaton Ferry Road, Littleton, VA

    Listing date Jan 9, 2026

    MLS# 140514

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    • Prime location on Highway 1 / Highway 58.
    • High traffic area suitable for business operations.
    • Two buildings on the property.
    • Central Air conditioning ensures comfort.
    • Heat Pump provides efficient heating.
    • Built in 1970.

    Overview

    This commercial property is situated in a prime, high-traffic location on Highway 1 / Highway 58, between South Hill and Boydton, Virginia. The property includes two buildings and is located in Mecklenburg County, with a lot size of 1 acre. This property may be suitable for operating a business. The location is on Highway One in South Hill, VA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Food Market Grocery & Convenience Store Garden Center Grocery & Convenience Store Car Rental Facility Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    South Hill
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.2091567
    Latitude
    36.6774078

    Nearby Similar for Sale

    • $629,000

      Prime Commercial Lot Opportunity

      High-visibility commercial lot with excellent access and development potential.
      625 E Atlantic St, South Hill, VA 23970
      View Details
    • $1,999,999
      21,164 SF

      Versatile South Hill Commercial Facility

      21,164 SF multi-use facility on 4 acres in South Hill.
      1201 W Danville Street, South Hill, VA 23970
      View Details
    • $264,900

      South Hill Commercial Opportunity

      Prime location near medical offices, customize to your vision.
      413 Bracey Lane, South Hill, VA 23970
      View Details
    • $375,000

      Downtown South Hill Commercial Property

      Brick commercial property in downtown South Hill with storefront and parking.
      219 E Atlantic Street, South Hill, VA 23970
      View Details
    • $1,999,999
      21,164 SF

      Versatile South Hill Multi-Use Facility

      21,164 SF multi-use facility on 4 acres in South Hill.
      1201 W Danville Street, South Hill, VA 23917
      View Details
    • $858,000

      Prime Commercial Parcel, South Hill

      High-visibility 2.47-acre commercial land in established retail corridor.
      E Main Extension, South Hill, VA 23970
      View Details
    • $630,000

      Commercial Land in South Hill

      Commercial zoned lots for sale with frontage on Rt. 1.
      1119 W Danville Street, South Hill, VA 23970
      View Details
    • $795,000

      Historic Multi-Tenant Corner Building

      Professionally managed commercial asset with diversified tenancy and redevelopment potential.
      104 S Hill Avenue, South Hill, VA 23970
      View Details
    • $600,000

      Expansive Land Parcel in South Hill

      95+ acre land parcel with development and investment potential.
      105 Stone Rd, South Hill, VA 23970
      View Details
    • $249,000
      2,376 SF

      Prime Commercial Opportunity, South Hill

      Highly visible commercial land in growing South Hill market.
      109 ATLANTIC ST, South Hill, VA 23970
      View Details
    • $679,000

      Prime Commercial Lot For Sale

      0.9-acre commercial lot with high visibility and access.
      625 E Atlantic St, South Hill, VA 23970
      View Details
    • $963,000

      Expansive Acreage with Development Potential

      96+ acres of land perfect for development or private retreat.
      Callis Road, South Hill, VA 23917
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with two buildings in a high-traffic location.
    Where is this commercial land located?
    The property is located at 9406 Highway One South Hill, VA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime location on Highway 1 / Highway 58.; High traffic area suitable for business operations.; Two buildings on the property.
    (434) 917-5501
    We can help!
    Listing Contact
    Kristen DeJarnette
    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
    9406 Highway One, South Hill, VA 23970
    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!