Commercial Real Estate Market in Grottoes, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 231 off-market properties in Grottoes, VA.
Market Trends
Grottoes, VA spans 52.9 square miles in Rockingham County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grottoes, 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 Grottoes, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grottoes, 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 Grottoes, 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 41.9%
- Commercial 20.3%
- Planned_development 16.8%
- Open space 16.5%
- Industrial 4.6%
Largest Zones share of zoned land by district
Low Density Residential
Residential
Planned Unit Development
Conservation
Business
Grottoes, VA zones 1,319 acres across 10 districts. Commercial zoning covers 20.3% of zoned land, residential 41.9%, open space 16.5% and industrial 4.6%. The largest single district is Low Density Residential at 19.9%. For commercial buyers the practical constraint is that only 24.9% of land carries a commercial or industrial designation.
Low Density Residential (R1)
Low-Density Residential District R-1 § 100-20. Intent. This district is composed of certain quiet, low -density residential areas plus certain o pen areas where similar residential development appears likely to occur. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encou…
Market overview
Demographics & Economy
Grottoes, VA has 6,327 residents in 2,719 households. Density runs 120 people per square mile. Median household income here is $80,288 and median gross rent $986 a month.
6,327
Population
2,719
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
90%
High-School Grad
52.9 sq mi
ZIP Area
120
Density / Sq Mi
$80,288
Median Household Income
$38,898
Median Earnings
$986
Median Rent
$250,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Port Republic | — | — |
| Harriston | — | — |
| Crosskeys | — | — |
| Weyers Cave | — | — |
Commercial property in Grottoes, VA asks $530/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grottoes?
Commercial property in Grottoes, VA asks an average of $530 per square foot.
What zoning applies to commercial property in Grottoes?
Grottoes, VA zones 1,319 acres across 10 districts, of which 20.3% is commercial and 4.6% industrial. The largest single district is Low Density Residential at 19.9% of zoned land. Low-Density Residential District R-1 § 100-20. Intent. This district is composed of certain quiet, low -density residential areas plus certain o pen areas where similar residential development appears likely to occur. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encou… Residential zoning covers 41.9% and open space 16.5%.
Where does Realmo's Grottoes market data come from?
Realmo compiles Grottoes, VA figures from 5 recent recorded sales, 20 active sale listings, 1 active lease listings, 231 tracked off-market properties, the current Grottoes zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 1 active for-lease listings in Grottoes, 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: 1,319 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
