Commercial Real Estate Market in Troutville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 121 off-market properties in Troutville, VA. Commercial property asks $211/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Troutville, VA spans 80.4 square miles in Botetourt County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Troutville, 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 Troutville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Troutville, 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 Troutville, 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
Troutville, VA has 8,165 residents in 3,540 households. Density runs 102 people per square mile. Median household income here is $81,931 and median gross rent $947 a month.
8,165
Population
3,540
Households
2.3
Avg Household Size
47
Median Age
28%
College-Educated
96%
High-School Grad
80.4 sq mi
ZIP Area
102
Density / Sq Mi
$81,931
Median Household Income
$42,096
Median Earnings
$947
Median Rent
$274,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Daleville | — | — |
| Cloverdale | — | — |
| Blue Ridge | — | — |
| Villamont | — | — |
Commercial property in Troutville, VA asks $211/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Troutville?
Commercial property in Troutville, VA asks an average of $211 per square foot.
How much does it cost to lease commercial space in Troutville?
Asking lease rates in Troutville, VA average $15.00 per square foot per year.
Where does Realmo's Troutville market data come from?
Realmo compiles Troutville, VA figures from 7 recent recorded sales, 16 active sale listings, 2 active lease listings, 121 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 16 active for-sale and 2 active for-lease listings in Troutville, 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
