Commercial Real Estate Market in Chincoteague, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
73 active listings and 294 off-market properties in Chincoteague, VA. Commercial property asks $55/SF to buy and $11.16/SF/Yr to lease.
Market Trends
Chincoteague, VA spans 25.4 square miles in Accomack County, Virginia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Chincoteague, VA asks $210/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 Chincoteague, VA asks $142/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 Chincoteague, 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 Chincoteague, VA asks $206/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 35.9%
- Commercial 21.7%
- Mixed use 20.6%
- Residential 14.4%
- Agricultural 5.2%
Largest Zones share of zoned land by district
Resource Conservation
Mixed Use Residential
Resort Commercial
Single Family Residential
One And Two Family Residential
Chincoteague, VA zones 6,049 acres across 12 districts. Commercial zoning covers 21.7% of zoned land, residential 14.4% and open space 35.9%. The largest single district is Resource Conservation at 34.6%. For commercial buyers the practical constraint is that only 21.7% of land carries a commercial or industrial designation.
Resource Conservation (RC)
Section C. RC Resource Conservation Sec. 5.7. Uses permitted by right. Sec. 5.8. Special exceptions; special use permits; conditional use.. Sec. 5.9. Area regulations. APPENDIX A-ZONING CDA:7 Article VI. General Provisions
Market overview
Demographics & Economy
Chincoteague, VA has 3,869 residents in 4,691 households. Density runs 152 people per square mile. Median household income here is $66,091 and median gross rent $1,102 a month.
3,869
Population
4,691
Households
0.8
Avg Household Size
54
Median Age
36%
College-Educated
95%
High-School Grad
25.4 sq mi
ZIP Area
152
Density / Sq Mi
$66,091
Median Household Income
$30,358
Median Earnings
$1,102
Median Rent
$308,319
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Chincoteague?
Commercial property in Chincoteague, VA asks an average of $55 per square foot. Office carries the highest asking price at $210/SF.
How much does it cost to lease commercial space in Chincoteague?
Asking lease rates in Chincoteague, VA average $11.16 per square foot per year.
What zoning applies to commercial property in Chincoteague?
Chincoteague, VA zones 6,049 acres across 12 districts, of which 21.7% is commercial and 0% industrial. The largest single district is Resource Conservation at 34.6% of zoned land. Section C. RC Resource Conservation Sec. 5.7. Uses permitted by right. Sec. 5.8. Special exceptions; special use permits; conditional use.. Sec. 5.9. Area regulations. APPENDIX A-ZONING CDA:7 Article VI. General Provisions Residential zoning covers 14.4% and open space 35.9%.
Where does Realmo's Chincoteague market data come from?
Realmo compiles Chincoteague, VA figures from 71 active sale listings, 2 active lease listings, 294 tracked off-market properties, the current Chincoteague zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 2 active for-lease listings in Chincoteague, 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: 6,049 zoned acres across 12 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 30 September 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 30 September 2026 · report a data issue
