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    198 Commonwealth Dr Wytheville, VA 24382

    • Retail properties
    • 8,000 SF
    For Lease
    View listing
    $23 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 198 Commonwealth Dr

    Property size
    8,000 SF
    Property type
    Retail properties

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0971
    Latitude
    36.9587

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      3153 Chapman Rd

      Restaurants • 2,500 SF
      3153 Chapman Rd, Wytheville, VA 24382
      View Details
    • Value Estimation by Request
      99,745 SF

      800 Main St

      Lifestyle centers • 99,745 SF
      800 Main St, Wytheville, VA 24382
      View Details
    • Value Estimation by Request
      4,320 SF

      3782 Lee Hwy

      Multifamily properties • 4,320 SF
      3782 Lee Hwy, Wytheville, VA 24382
      View Details
    • Value Estimation by Request
      99,854 SF

      800 Main St

      Lifestyle centers • 99,854 SF
      800 Main St, Wytheville, VA 24382
      View Details
    • Value Estimation by Request
      7,500 SF

      200 Main St

      Specialty properties • 7,500 SF
      200 Main St, Wytheville, VA 24382
      View Details
    • Value Estimation by Request

      1380 Main St

      Retail properties
      1380 Main St, Wytheville, VA 24382
      View Details

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      Prime Wytheville Restaurant Opportunity

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      Prime Wytheville Retail Investment

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      Mountain Home with Wooded Acreage

      Secluded mountain home on 5.7 acres near Wytheville, Virginia.
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    Similar Nearby for Lease

    • Contact for pricing

      LeHy Shopping Center: Prime Retail Space

      Wytheville, VA Retail Center - 18,900 sq ft
      1380 Main St, Wytheville, VA 24382
      View Details
    • $23 SF/Yr
      8,000 SF

      STARBUCKS ANCHORED STRIP

      Restaurants • 8,000 SF
      198 Commonwealth Dr, Wytheville, VA 24382
      View Details
    • $216 SF/Yr
      6,064 SF

      Lithia Road Restaurant Opportunity

      Prime Retail Space, I-81 Corridor
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      4,311 SF

      Renovated Shopping Center For Lease

      99,745 SF renovated shopping center on 8.69 acres.
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      5,021 SF

      Dominant Regional Retail Center Space

      Regional retail center anchored by Walmart and Lowes.
      215-345 Commonwealth Dr, Wytheville, VA 24382
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    • Contact for pricing
      1,400 SF

      Renovated Shopping Center Space Available

      99,745 SF renovated shopping center on 8.69 acres.
      235 Fairground Rd, Wytheville, VA 24382
      View Details
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    198 Commonwealth Dr
    Wytheville, VA 24382
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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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