Commercial Real Estate Market in Bassett, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 412 off-market properties in Bassett, VA.
Market Trends
Bassett, VA spans 86.6 square miles in Henry County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bassett, VA asks $82/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Bassett, VA asks $165/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Bassett, 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 Bassett, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Bassett, VA has 12,236 residents in 6,273 households. Density runs 141 people per square mile. Median household income here is $41,733 and median gross rent $524 a month.
12,236
Population
6,273
Households
2
Avg Household Size
49
Median Age
15%
College-Educated
80%
High-School Grad
86.6 sq mi
ZIP Area
141
Density / Sq Mi
$41,733
Median Household Income
$35,686
Median Earnings
$524
Median Rent
$113,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Philpott | — | — |
| Stanleytown | — | — |
| Sanville | — | — |
| Henry | — | — |
Commercial property in Bassett, VA asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bassett?
Commercial property in Bassett, VA asks an average of $20 per square foot. Retail carries the highest asking price at $165/SF.
Where does Realmo's Bassett market data come from?
Realmo compiles Bassett, VA figures from 8 recent recorded sales, 36 active sale listings, 412 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 0 active for-lease listings in Bassett, 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.
- 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
