Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    202 Front St Coeburn, VA 24230
    Property profile & analytics

    202 Front St Coeburn, VA 24230

    View on Map
    • Commercial real estate
    • 8,400 SF
    • 1.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • Family Dollar Store / Discount Store

    Property Details for 202 Front St

    Year built
    2014
    Lot size
    1.73 lot acres
    Property size
    8,400 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment property, located at 202 FRONT ST, Coeburn, VA, presents a compelling opportunity for discerning investors. The property boasts a substantial 8,400 square feet building situated on a 1.73-acre lot, currently leased to a Family Dollar store. The lease agreement features a strong 7.5% cap rate, providing a significant return on investment. The initial lease term commences July 1st, 2024, and includes six consecutive five-year renewal options, ensuring long-term income stability. Monthly rent for the initial term is $9,945.85. The property offers ample parking with 31 spaces available for customers and employees. The responsibility for maintaining the exterior and structural components of the building rests with the landlord, minimizing operational burdens for the owner. This turnkey investment property offers a rare combination of strong tenant occupancy, a favorable lease structure, and a high-yield return, making it an ideal addition to any diversified portfolio. The property's prime location in Coeburn, VA, further enhances its appeal. This is a unique chance to acquire a stable, income-generating asset with significant long-term potential. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coeburn
    County
    Wise
    State
    Virginia
    Longitude
    -82.4687
    Latitude
    36.9429

    Comparable in this City

    • Value Estimation by Request
      3,480 SF

      Laurel Ave

      COMMERCIAL (GENERAL) • 3,480 SF
      Laurel Ave, Coeburn, VA 24230
      View Details
    • Value Estimation by Request
      640 SF

      410 Quillen Ave

      Commercial real estate • 640 SF
      410 Quillen Ave, Coeburn, VA 24230
      View Details
    • Value Estimation by Request
      9,300 SF

      11829 Central St

      COMMERCIAL (GENERAL) • 9,300 SF
      11829 Central St, Coeburn, VA 24230-6708
      View Details
    • Value Estimation
      $570,000
      4,000 SF

      11421 Norton Coeburn Rd

      COMMERCIAL (GENERAL) • 4,000 SF
      11421 Norton Coeburn Rd, Coeburn, VA 24230-6444
      View Details
    • Value Estimation by Request
      0.11 Acres

      345 Leck Rd

      SERVICE STATION (FULL SERVICE) • 0.11 Acres
      345 Leck Rd, Coeburn, VA 24230-6834
      View Details
    • Value Estimation by Request
      18.73 Acres

      Coeburn, VA 24230

      VACANT COMMERCIAL LAND • 18.73 Acres
      Coeburn, VA 24230
      View Details

    Similar Nearby for Sale

    • $65,000
      640 SF

      Coeburn Commercial Space: Turn-Key Salon

      Own Your Salon! Prime Coeburn Location.
      410 Quillen Ave, Coeburn, VA 24230
      View Details
    • Contact for pricing
      8,400 SF

      Family Dollar Leased Investment Property

      Leased to Family Dollar, offering an 8% cap rate.
      202 Front St, Coeburn, VA 24230
      View Details
    • $199,000

      Turnkey Restaurant in Prime Location

      Profitable, fully equipped restaurant with loyal customer base and exterior seating.
      314 E Front St, Coeburn, VA 24230
      View Details
    • $1,491,750
      8,400 SF

      Family Dollar Leased Investment Property

      NNN leased investment property with long-term tenant.
      202 Front St, Coeburn, VA 24230
      View Details
    • Contact for pricing

      Historic Building with Unique Signage

      Unique historic building with original signage in Coeburn, Virginia.
      417 Front St, Coeburn, VA 24230
      View Details
    • Contact for pricing
      0.20 Acres

      Coeburn Vacant Residential Lot

      Vacant lot with mountain views, utilities available, no restrictions.
      Essex Rd, Coeburn, VA 24230
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      8,297 SF

      Commercial Space in Coeburn, VA

      Large commercial space with warehouse storage in Coeburn, Virginia.
      213 E Front St, Coeburn, VA 24230
      View Details
    • $3,500 /Mo
      200 SF

      Historic Retail Space in Coeburn

      Unique retail space with historical significance in Coeburn, Virginia.
      417 E Front St, Coeburn, VA 24230
      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.
    202 Front St
    Coeburn, VA 24230
    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

    Thank You for Inquiry
    202 Front St, Coeburn, VA, 24230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!