Commercial Real Estate Market in Blackstone, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 347 off-market properties in Blackstone, VA.
Market Trends
Blackstone, VA spans 197.0 square miles in Nottoway County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Blackstone, 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 Blackstone, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Blackstone, 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 Blackstone, 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
- Commercial 58.7%
- Residential 25.9%
- Industrial 11.4%
- Open space 4%
Largest Zones share of zoned land by district
Medium Residential
Light Residential
General Business
Residential And Suburban
Heavy Residential
Blackstone, VA zones 2,866 acres across 10 districts. Commercial zoning covers 58.7% of zoned land, residential 25.9%, open space 4% and industrial 11.4%. The largest single district is Medium Residential at 25.9%. For commercial buyers the practical constraint is that only 70.1% of land carries a commercial or industrial designation.
Light Residential (R-1)
Article 4 LIGHT RESIDENTIAL DISTRICT R-1 Statement of Intent This district is composed of certain quiet, low-density areas where the density of housing may range from one (I) to three (3) units per acre. This district also contains certain open areas where similar residential development appears likely to occur. The regulations for this district are designed…
Market overview
Demographics & Economy
Blackstone, VA has 7,021 residents in 3,267 households. Density runs 36 people per square mile. Median household income here is $59,289 and median gross rent $1,055 a month.
7,021
Population
3,267
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
83%
High-School Grad
197 sq mi
ZIP Area
36
Density / Sq Mi
$59,289
Median Household Income
$43,477
Median Earnings
$1,055
Median Rent
$220,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nottoway | — | — |
| Wilsons | — | — |
| Crewe | — | — |
| Kenbridge | — | — |
Commercial property in Blackstone, VA asks $134/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Blackstone?
Commercial property in Blackstone, VA asks an average of $134 per square foot.
What zoning applies to commercial property in Blackstone?
Blackstone, VA zones 2,866 acres across 10 districts, of which 58.7% is commercial and 11.4% industrial. The largest single district is Medium Residential at 25.9% of zoned land. Residential zoning covers 25.9% and open space 4%.
Where does Realmo's Blackstone market data come from?
Realmo compiles Blackstone, VA figures from 24 active sale listings, 2 active lease listings, 347 tracked off-market properties, the current Blackstone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 2 active for-lease listings in Blackstone, 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: 2,866 zoned acres across 10 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
