Commercial Real Estate Market in Big Stone Gap, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 248 off-market properties in Big Stone Gap, VA.
Market Trends
Big Stone Gap, VA spans 72.8 square miles in Wise County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Big Stone Gap, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Big Stone Gap, VA asks $97/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 Big Stone Gap, 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 space in Big Stone Gap, VA asks $67/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Big Stone Gap, VA has 10,429 residents in 4,473 households. Density runs 143 people per square mile. Median household income here is $52,303 and median gross rent $808 a month.
10,429
Population
4,473
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
85%
High-School Grad
72.8 sq mi
ZIP Area
143
Density / Sq Mi
$52,303
Median Household Income
$31,661
Median Earnings
$808
Median Rent
$161,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Stone Gap | — | — |
| Appalachia | — | — |
| Andover | — | — |
| Exeter | — | — |
Commercial property in Big Stone Gap, VA asks $14/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Big Stone Gap?
Commercial property in Big Stone Gap, VA asks an average of $14 per square foot. The 6 most recent recorded sales traded at a median of $61/SF. Retail carries the highest asking price at $97/SF.
Where does Realmo's Big Stone Gap market data come from?
Realmo compiles Big Stone Gap, VA figures from 6 recent recorded sales, 15 active sale listings, 3 active lease listings, 248 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 15 active for-sale and 3 active for-lease listings in Big Stone Gap, 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
