Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11 & Kilmachronan Us Hwy Glade Spring, VA 24340

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11 & Kilmachronan Us Hwy Glade Spring, VA 24340

    View on Map
    • Land
    • 2.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 11 & Kilmachronan Us Hwy

    Lot size
    2.20 lot acres
    Property type
    Land

    Description

    This exceptional 2.2-acre commercial land parcel presents a unique investment opportunity in the vibrant town of Glade Spring, Virginia. Strategically located on US Highway 11 and Kilmachronan, this property boasts high visibility and excellent accessibility, making it ideal for a wide range of commercial ventures. The expansive lot offers ample space for development, allowing for significant flexibility in design and construction. Its prime location ensures convenient access to local amenities, a strong workforce, and key transportation routes. The asking price of $120,000 represents a compelling value for this sizable tract of land in a growing market. This property is zoned for commercial use and is ready for immediate development, offering a blank canvas for entrepreneurs and investors seeking to establish a presence in this desirable area of Washington County, Virginia. The property's address is US Highway 11 & Kilmachronan, Glade Spring, VA 24340. Its geographical coordinates are latitude 36.7821371 and longitude -81.7348515. Serious inquiries are encouraged to explore the potential of this exceptional commercial land opportunity. Don't miss this chance to secure a prime location for your next business venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glade Spring
    County
    Washington
    State
    Virginia
    Longitude
    -81.7348
    Latitude
    36.7821

    Comparable in this City

    • Value Estimation by Request
      7.08 Acres

      Maple St

      Land • 7.08 Acres
      0 Maple St, Glade Spring, VA 24340
      View Details
    • Value Estimation by Request
      0.78 Acres

      81 Exit 29

      Land • 0.78 Acres
      81 Exit 29, Glade Spring, VA 24340
      View Details
    • Value Estimation by Request
      1,416 SF

      202 Glade St

      COMMERCIAL (GENERAL) • 1,416 SF
      202 Glade St, Glade Spring, VA 24340
      View Details
    • Value Estimation by Request
      1,356 SF

      30295 Lee Hwy

      COMMERCIAL (GENERAL) • 1,356 SF
      30295 Lee Hwy, Glade Spring, VA 24340-4861
      View Details
    • Value Estimation by Request
      4,592 SF

      204 Town Sq St

      COMMERCIAL (GENERAL) • 4,592 SF
      204 Town Sq St, Glade Spring, VA 24340
      View Details
    • Value Estimation by Request
      3,034 SF

      208 Town Sq St

      COMMERCIAL (GENERAL) • 3,034 SF
      208 Town Sq St, Glade Spring, VA 24340
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Maple St, Glade Spring, VA 24340

      Commercial land
      Maple St, Glade Spring, VA 24340
      View Details
    • $1,290,000
      8.73 Acres

      Commercial Land Near Interstate 81

      8.73-acre commercial parcel with high visibility and easy access.
      Maple St, Glade Spring, VA 24340
      View Details
    • $525,000
      5,202 SF

      Mixed-Use Property in Glade Spring

      Commercial property with retail space and apartments in Glade Spring.
      208 Town Square St, Glade Spring, VA 24340
      View Details
    • $5,050,000
      4,931 SF

      Glade Spring Gas Station ForSale

      Gas station with corporate guaranty and long-term lease.
      12319 Maple St, Glade Spring, VA 24340
      View Details
    • $449,000
      Pending

      Mixed-Use Investment Opportunity, Glade Spring

      Versatile mixed-use property with apartments and office spaces for sale.
      33424 Bunker Hill Ln, Glade Spring, VA 24340
      View Details
    • New
      $199,900
      1,416 SF

      Restaurant Opportunity in Glade Spring

      Restaurant with equipment, indoor and outdoor seating ready for business.
      139 Town Square St, Glade Spring, VA 24340
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 & Kilmachronan Us Hwy
    Glade Spring, VA 24340
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!