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Property profile & analytics
OFF-MARKET
Restaurants

544 Stuart Dr Galax, VA 24333

109,679 SF 12.85 ac lot Built 1969
Property ID
Property summary
AI-generated overview

Galax Plaza Shopping Center presents a unique investment opportunity in Galax, Virginia. This multi-building complex, totaling 109,679 square feet, offers a blend of traditional office and medical office spaces, perfect for a variety of businesses. The property boasts three buildings situated on a generous 12.85 acres of land, providing ample space and potential for expansion. Currently, there are 10 suites available, with 12,900 square feet of vacant space ready for immediate occupancy. Suite sizes range from 2,200 to 10,700 square feet, catering to diverse business needs. Built in 1969 and extensively renovated in 2015, the property is classified as Class B and features 471 parking spaces for tenant and visitor convenience. The property benefits from a highly visible location along East Stuart Drive and Glendale Road, with approximately 503.19 feet of frontage on East Stuart Drive and 595.59 feet on Glendale Road. Its strategic location, roughly 8-10 miles from Interstate 77, ensures excellent accessibility. The property's zoning is B-2, and it's situated within the East Stuart Drive corridor – a thriving commercial submarket. The property taxes are $0.48 per square foot. The center enjoys a prime location within Galax, with nearly 85% of the city's population residing within a 5-mile radius. Electric power is available. While elevators are not present, the building layout is designed for efficient access to all suites.

Property profile
Verified
Property type Restaurants
Year built 1969
Total area 109,679 SF
Lot 12.85 ac (559,746 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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