Commercial Real Estate Market in Penhook, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 45 off-market properties in Penhook, VA.
Market Trends
Penhook, VA spans 71.5 square miles in Franklin County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Penhook, 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 Penhook, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Penhook, 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 Penhook, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Penhook, VA has 2,506 residents in 2,208 households. Density runs 35 people per square mile. Median household income here is $66,250 and median gross rent $936 a month.
2,506
Population
2,208
Households
1.1
Avg Household Size
54
Median Age
22%
College-Educated
86%
High-School Grad
71.5 sq mi
ZIP Area
35
Density / Sq Mi
$66,250
Median Household Income
$29,631
Median Earnings
$936
Median Rent
$197,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Union Hall | — | — |
| Sandy Level | — | — |
| Scruggs | — | — |
| Glade Hill | — | — |
Commercial property in Penhook, VA asks $22/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Penhook?
Commercial property in Penhook, VA asks an average of $22 per square foot.
Where does Realmo's Penhook market data come from?
Realmo compiles Penhook, VA figures from 3 recent recorded sales, 20 active sale listings, 45 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 20 active for-sale and 0 active for-lease listings in Penhook, 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
