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    3199 Frk Rd Elliston, VA 24087

    • Retail properties
    • 3,516 SF
    • 2.53 lot acres
    For Sale
    View listing
    $349,900
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3199 Frk Rd

    Year built
    1970
    Lot size
    2.53 lot acres
    Property size
    3,516 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This 3,516 square foot restaurant located at 3199 Northfork Road, Elliston, VA 24087, presents a unique investment opportunity. Previously a successful Italian restaurant with seating for up to 72 guests, this turnkey establishment includes all business equipment. The property boasts a reliable standby generator and efficient propane heating, ensuring year-round operation. Situated on a 2.53-acre lot, the building offers a cozy yet spacious interior ideal for dining and events, complemented by stunning mountain views. Ample parking is available. Built in 1970, this property benefits from its established history as a beloved local eatery and offers significant potential for mixed-use development given the expansive lot size. The asking price is $349,900. Additional photos are forthcoming.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elliston
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.2839
    Latitude
    37.2132

    Comparable in this City

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      2,600 SF

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      CHARITABLE ORGANIZATION • 2,600 SF
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      32,620 SF

      5100 Enterprise Dr

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      5100 Enterprise Dr, Elliston, VA 24087-3155
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      3.11 Acres

      Roanoke Rd

      VACANT COMMERCIAL LAND • 3.11 Acres
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      0.16 Acres

      9210 Roanoke Rd

      VACANT COMMERCIAL LAND • 0.16 Acres
      9210 Roanoke Rd, Elliston, VA 24087-3402
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    • Value Estimation by Request
      14,472 SF

      1931 Big Spg Dr

      COMMERCIAL (GENERAL) • 14,472 SF
      1931 Big Spg Dr, Elliston, VA 24087-3541
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    • Value Estimation by Request

      7816 Roanoke Rd

      COMMERCIAL (GENERAL)
      7816 Roanoke Rd, Elliston, VA 24087-4365
      View Details

    Similar Nearby for Sale

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      Elliston Restaurant - Turnkey Opportunity

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    3199 Frk Rd
    Elliston, VA 24087
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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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