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    110 Merifield Rd Willis, VA 24380

    • Commercial real estate
    • 0.14 lot acres
    For Sale
    View listing
    $179,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 110 Merifield Rd

    Year built
    1975
    Lot size
    0.14 lot acres
    Property type
    Commercial real estate

    Description

    This Willis, VA commercial property presents a compelling investment opportunity. The property, located at 110 Merifield Road, comprises a remodeled and updated two-unit building totaling approximately 2,088 square feet on a 0.14-acre lot. Recent renovations, completed in 2022 for the interior and 2021 for the exterior, ensure the property is in excellent condition. A larger well pump was installed in 2023, enhancing the property's functionality. Each unit has its own heating and air conditioning system. The lower unit features one bedroom and one bathroom, along with an enclosed rear porch. The upper unit offers two bedrooms and one bathroom. Currently occupied by month-to-month tenants willing to remain, this property boasts a proven track record of consistent cash flow, generating approximately $24,600 annually. Its convenient location offers easy access to Floyd and Hillsville, Virginia, within a 30-minute drive. This is an ideal investment for those seeking a stable, cash-positive rental property with recent upgrades and a strong tenant base. The asking price is $179,000.

    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
    -80.4852
    Latitude
    36.8567

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      5656 Floyd Hwy

      Commercial real estate • 0.60 Acres
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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
      0.61 Acres

      Willis, VA 24380

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

      Willis, VA 24380

      OFFICE (GENERAL) • 0.14 Acres
      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
      View Details

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    110 Merifield Rd
    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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