Commercial Real Estate Market in Wachapreague, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 15 off-market properties in Wachapreague, VA.
Market Trends
Wachapreague, VA spans 1.9 square miles in Accomack County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Wachapreague, VA asks $146/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 space in Wachapreague, VA asks $107/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Wachapreague, 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 Wachapreague, VA asks $244/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
- Residential 79%
- Commercial 21%
Largest Zones share of zoned land by district
Residential
Commercial Waterfront
Commercial Neighborhood
Wachapreague, VA zones 160 acres across 3 districts. Commercial zoning covers 21% of zoned land, residential 79%. The largest single district is Residential at 79%. For commercial buyers the practical constraint is that only 21% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Wachapreague, VA has 331 residents in 305 households. Density runs 172 people per square mile. Median household income here is $42,188 and median gross rent $2,045 a month.
331
Population
305
Households
1.1
Avg Household Size
56
Median Age
28%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
172
Density / Sq Mi
$42,188
Median Household Income
$26,389
Median Earnings
$2,045
Median Rent
$191,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Wachapreague?
Commercial property in Wachapreague, VA asks an average of $302 per square foot. Multifamily carries the highest asking price at $244/SF.
What zoning applies to commercial property in Wachapreague?
Wachapreague, VA zones 160 acres across 3 districts, of which 21% is commercial and 0% industrial. The largest single district is Residential at 79% of zoned land. Residential zoning covers 79% and open space 0%.
Where does Realmo's Wachapreague market data come from?
Realmo compiles Wachapreague, VA figures from 9 active sale listings, 15 tracked off-market properties, the current Wachapreague zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Wachapreague, 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: 160 zoned acres across 3 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
