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    5656 Floyd Hwy Willis, VA 24380

    • Commercial real estate
    • 0.60 lot acres
    For Sale
    View listing
    $189,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5656 Floyd Hwy

    Year built
    1950
    Lot size
    0.60 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a meticulously remodeled duplex situated in the vibrant heart of Willis, Virginia. The property boasts a prime location, offering convenient access to essential amenities. Within easy walking distance, residents and tenants will find the Willis Village Mart, Jim's Grill, the post office, and a local bank, ensuring a high level of convenience and desirability. The property itself comprises two distinct units, each designed for comfortable living or rental income. Unit A features three bedrooms and one and a half bathrooms, while Unit B provides two bedrooms and one bathroom. Each unit is equipped with its own individual electric meter base, providing efficient utility management and separate billing. The property sits on a sizable 0.6-acre lot, offering ample space and potential for future development or expansion. This turnkey investment is priced competitively at $189,000, presenting a strong return on investment potential in a thriving community. The property's excellent location and well-maintained condition make it an ideal choice for both seasoned investors and those seeking a stable, income-generating asset. Don't miss this chance to acquire a valuable piece of Willis real estate. Contact us today to schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Floyd
    State
    Virginia
    Longitude
    -80.4835
    Latitude
    36.8573

    Comparable in this City

    • Value Estimation by Request
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      110 Merifield Rd

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      0.25 Acres

      1106 Easy Dr

      Land • 480 SF
      1106 Easy Dr, Willis, VA 24380
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    • Value Estimation by Request
      1.20 Acres

      Willis, VA 24380

      OFFICE (GENERAL) • 1.20 Acres
      Willis, VA 24380
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    • Value Estimation by Request
      2.33 Acres

      Willis, VA 24380

      OFFICE (GENERAL) • 2.33 Acres
      Willis, VA 24380
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    • Value Estimation by Request
      0.61 Acres

      Willis, VA 24380

      OFFICE (GENERAL) • 0.61 Acres
      Willis, VA 24380
      View Details
    • Value Estimation by Request
      0.14 Acres

      Willis, VA 24380

      OFFICE (GENERAL) • 0.14 Acres
      Willis, VA 24380
      View Details

    Similar Nearby for Sale

    • $189,000
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      Willis Commercial Duplex Investment

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      Remodeled Duplex in Willis, VA

      Remodeled duplex in the heart of Willis, VA, investment opportunity.
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    • $179,000
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      Updated Duplex in Willis, VA

      Cash-flowing duplex with recent updates, generating approximately $24,600 annually.
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    • New
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      25+ acre farm with new fencing, electricity, and well.
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    Willis, VA 24380
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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