Commercial Real Estate Market in Richlands, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 344 off-market properties in Richlands, VA.
Market Trends
Richlands, VA spans 19.4 square miles in Tazewell County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Richlands, VA asks $25/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 vacancy in Richlands, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Richlands, 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 Richlands, VA asks $76/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
- Commercial 87.7%
- Agricultural 4.4%
- Residential 4.3%
- Industrial 3.7%
Largest Zones share of zoned land by district
Residential General District
Business General District
Agricultural General District
Residential Limited District
Industrial General District
Richlands, VA zones 3,240 acres across 9 districts. Commercial zoning covers 87.7% of zoned land, residential 4.3% and industrial 3.7%. The largest single district is Residential General District at 79.9%. For commercial buyers the practical constraint is that only 91.3% of land carries a commercial or industrial designation.
Residential General District (R-2)
This district is composed of certain medium to high concentration of residential uses, ordinarily located between residential and commercial areas, plus certain open areas where similar development appears likely to occur
Market overview
Demographics & Economy
Richlands, VA has 5,377 residents in 2,830 households. Density runs 278 people per square mile. Median household income here is $37,044 and median gross rent $823 a month.
5,377
Population
2,830
Households
1.9
Avg Household Size
43
Median Age
14%
College-Educated
85%
High-School Grad
19.4 sq mi
ZIP Area
278
Density / Sq Mi
$37,044
Median Household Income
$40,087
Median Earnings
$823
Median Rent
$103,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cedar Bluff | — | — |
| Doran | — | — |
| Wardell | — | — |
| Red Ash | — | — |
Commercial property in Richlands, VA asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richlands?
Commercial property in Richlands, VA asks an average of $33 per square foot. The 6 most recent recorded sales traded at a median of $53/SF. Multifamily carries the highest asking price at $76/SF.
What zoning applies to commercial property in Richlands?
Richlands, VA zones 3,240 acres across 9 districts, of which 87.7% is commercial and 3.7% industrial. The largest single district is Residential General District at 79.9% of zoned land. This district is composed of certain medium to high concentration of residential uses, ordinarily located between residential and commercial areas, plus certain open areas where similar development appears likely to occur Residential zoning covers 4.3% and open space 0%.
Where does Realmo's Richlands market data come from?
Realmo compiles Richlands, VA figures from 7 recent recorded sales, 14 active sale listings, 3 active lease listings, 344 tracked off-market properties, the current Richlands zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 3 active for-lease listings in Richlands, 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: 3,240 zoned acres across 9 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
