Commercial Real Estate Market in Fries, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 43 off-market properties in Fries, VA.
Market Trends
Fries, VA spans 42.8 square miles in Grayson County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fries, 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 Fries, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fries, 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 Fries, 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 43.7%
- Commercial 43.2%
- Special 13.1%
Largest Zones share of zoned land by district
Agriculture Conservation
Residential Medium Density
Flood Plain
Residential Low Density
Residential Mobile Home
Fries, VA zones 438 acres across 7 districts. Commercial zoning covers 43.2% of zoned land, residential 43.7%. The largest single district is Agriculture Conservation at 38.3%. For commercial buyers the practical constraint is that only 43.2% of land carries a commercial or industrial designation.
Agriculture Conservation (A-C)
This zone is composed of agricultural, forest, and low-density residential areas. Its intent is to allow for rural or very low-density development while prioritizing the protection of nearby residential zones. Some areas with moderate to steep slopes may be developed at a higher intensity if the development plans are carefully considered
Market overview
Demographics & Economy
Fries, VA has 3,056 residents in 1,695 households. Density runs 71 people per square mile. Median household income here is $41,517 and median gross rent $648 a month.
3,056
Population
1,695
Households
1.8
Avg Household Size
48
Median Age
12%
College-Educated
82%
High-School Grad
42.8 sq mi
ZIP Area
71
Density / Sq Mi
$41,517
Median Household Income
$25,485
Median Earnings
$648
Median Rent
$116,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stevens Creek | — | — |
| Galax | — | — |
| Woodlawn | — | — |
| Meadowcreek | — | — |
Commercial property in Fries, VA asks $1,750/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fries?
Commercial property in Fries, VA asks an average of $1,750 per square foot.
What zoning applies to commercial property in Fries?
Fries, VA zones 438 acres across 7 districts, of which 43.2% is commercial and 0% industrial. The largest single district is Agriculture Conservation at 38.3% of zoned land. This zone is composed of agricultural, forest, and low-density residential areas. Its intent is to allow for rural or very low-density development while prioritizing the protection of nearby residential zones. Some areas with moderate to steep slopes may be developed at a higher intensity if the development plans are carefully considered Residential zoning covers 43.7% and open space 0%.
Where does Realmo's Fries market data come from?
Realmo compiles Fries, VA figures from 2 recent recorded sales, 10 active sale listings, 43 tracked off-market properties, the current Fries zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Fries, 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: 438 zoned acres across 7 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
