Commercial Real Estate Market in Altavista, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 843 off-market properties in Altavista, VA.
Market Trends
Altavista, VA spans 32.6 square miles in Campbell County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Altavista, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Altavista, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Altavista, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Altavista, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 38.7%
- Industrial 31%
- Commercial 27.6%
Largest Zones share of zoned land by district
Low Density Residential
Industrial
Medium Density Residential
General Commercial
No Zoning
Altavista, VA zones 2,990 acres across 6 districts. Commercial zoning covers 27.6% of zoned land, residential 38.7% and industrial 31%. The largest single district is Low Density Residential at 38.7%. For commercial buyers the practical constraint is that only 58.6% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
DIVISION 2. R-1 (LOW-DENSITY RESIDENTIAL) DISTRICT Sec. 86-131. Statement of intent. The R-1 (low-density residential) district is composed of low to medium-density single-family residential areas and open areas where similar residential development is planned and/or appears likely to occur. The regulations for this R-1 district are designed to stabilize and…
Market overview
Demographics & Economy
Altavista, VA has 5,306 residents in 2,376 households. Density runs 163 people per square mile. Median household income here is $51,141 and median gross rent $855 a month.
5,306
Population
2,376
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
163
Density / Sq Mi
$51,141
Median Household Income
$36,789
Median Earnings
$855
Median Rent
$133,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hurt | — | — |
| Lynch Station | — | — |
| Evington | — | — |
| Long Island | — | — |
Commercial property in Altavista, VA asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Altavista?
Commercial property in Altavista, VA asks an average of $3 per square foot. The 6 most recent recorded sales traded at a median of $91/SF.
What zoning applies to commercial property in Altavista?
Altavista, VA zones 2,990 acres across 6 districts, of which 27.6% is commercial and 31% industrial. The largest single district is Low Density Residential at 38.7% of zoned land. DIVISION 2. R-1 (LOW-DENSITY RESIDENTIAL) DISTRICT Sec. 86-131. Statement of intent. The R-1 (low-density residential) district is composed of low to medium-density single-family residential areas and open areas where similar residential development is planned and/or appears likely to occur. The regulations for this R-1 district are designed to stabilize and… Residential zoning covers 38.7% and open space 0%.
Where does Realmo's Altavista market data come from?
Realmo compiles Altavista, VA figures from 7 recent recorded sales, 12 active sale listings, 3 active lease listings, 843 tracked off-market properties, the current Altavista zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 3 active for-lease listings in Altavista, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,990 zoned acres across 6 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
