Commercial Real Estate Market in Tappahannock, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 361 off-market properties in Tappahannock, VA. Commercial property asks $11/SF to buy and $23.18/SF/Yr to lease.
Market Trends
Tappahannock, VA spans 99.1 square miles in Essex County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tappahannock, 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 Tappahannock, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Tappahannock, 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 Tappahannock, 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 42.7%
- Commercial 34.5%
- Industrial 22.9%
Largest Zones share of zoned land by district
General Commercial
Industrial
Single Family Low Density Residential
Town Residential Medium Density
Single Family Low Density Residential
Tappahannock, VA zones 1,727 acres across 8 districts. Commercial zoning covers 34.5% of zoned land, residential 42.7% and industrial 22.9%. The largest single district is General Commercial at 30.1%. For commercial buyers the practical constraint is that only 57.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Tappahannock, VA has 6,465 residents in 3,310 households. Density runs 65 people per square mile. Median household income here is $65,357 and median gross rent $969 a month.
6,465
Population
3,310
Households
2
Avg Household Size
46
Median Age
18%
College-Educated
87%
High-School Grad
99.1 sq mi
ZIP Area
65
Density / Sq Mi
$65,357
Median Household Income
$41,906
Median Earnings
$969
Median Rent
$247,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Indian Neck | — | — |
| Caret | — | — |
| Cauthornville | — | — |
| Millers Tavern | — | — |
Commercial property in Tappahannock, VA asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tappahannock?
Commercial property in Tappahannock, VA asks an average of $11 per square foot. The 3 most recent recorded sales traded at a median of $65/SF.
How much does it cost to lease commercial space in Tappahannock?
Asking lease rates in Tappahannock, VA average $23.18 per square foot per year.
What zoning applies to commercial property in Tappahannock?
Tappahannock, VA zones 1,727 acres across 8 districts, of which 34.5% is commercial and 22.9% industrial. The largest single district is General Commercial at 30.1% of zoned land. Residential zoning covers 42.7% and open space 0%.
Where does Realmo's Tappahannock market data come from?
Realmo compiles Tappahannock, VA figures from 5 recent recorded sales, 14 active sale listings, 4 active lease listings, 361 tracked off-market properties, the current Tappahannock 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 4 active for-lease listings in Tappahannock, 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: 1,727 zoned acres across 8 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
