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    4001 College Ave Bluefield, VA 24605

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    For Lease
    Contact for pricing

    Walmart-shadowed retail center, high traffic area.

    Lot size:
    87,970 SF

    Property Features for 4001 College Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,970 SF

    Building Details

    Year Built
    2001

    Spaces For Lease

    at 4001 College Ave, Bluefield, VA 24605 Contact us

    We can help!

    Listing Contact
    Alexis Johnson

    Listing Agency: Rivercrest Realty Associates LLC Listing Agent: Alexis Johnson

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

    Learn more

    Property Insight Report

    Overview

    Ridgeview Plaza, located at 4001 College Ave, Bluefield, VA 24605, presents a prime retail investment opportunity. This 87,970 square foot shopping center, built in 2001, boasts a strong tenant lineup including a Walmart Supercenter shadow anchor. The center enjoys excellent visibility from Highway 460, a major east-west thoroughfare with over 14,000 vehicles daily. A signalized main entrance ensures easy access for customers. The property offers multiple tenancies, with a minimum divisible space of 1,498 square feet. Current tenants include Bealls, Dollar Tree, Med Express Urgent Care, Cato, Rent-A-Center, Verizon, GameStop, and Sally Beauty Supply. The ample parking provides a 5.45 spaces per 1,000 square feet ratio. Situated in Tazewell County, this center benefits from its strategic location and strong tenant mix, making it an attractive option for investors seeking a stable and high-traffic retail property. The property is classified as a commercial retail shopping center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bluefield
    County
    Tazewell
    State
    Virginia
    Longitude
    -81.2542925
    Latitude
    37.2377937

    Nearby Similar for Lease

    • Contact for pricing
      3,036 SF

      Retail Space in Ridgeview Plaza

      Retail space available in shadow-anchored shopping center in Bluefield, VA.
      4003-4039 College Ave, Bluefield, VA 24605
      View Details
    • Contact for pricing
      11,550 SF

      Retail Space in College Plaza

      Large retail suite available in a busy shopping center.
      512-533 Commerce Dr, Bluefield, VA 24605
      View Details

    FAQs

    What type of property is this?
    Retail property - Walmart-shadowed retail center, high traffic area.
    Where is this retail property located?
    The property is located at 4001 College Ave Bluefield, VA.
    What are key features of this property?
    This property features: Walmart Supercenter and Bealls anchor this center.; Strong tenant mix including Dollar Tree and MedExpress Urgent Care. Total GLA: 87,970 square feet, built in 2001.; Ample parking with a 5.45/1,000 SF ratio.
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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.

    More about this property
    4001 College Ave Bluefield, VA 24605
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    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alexis Johnson
    Real Estate License ID: 296101
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