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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

181 Plaza Rd Wise, VA 24293

156,873 SF
Property ID
Property summary
AI-generated overview

Ridge View Shopping Center presents a unique investment opportunity in the thriving town of Wise, Virginia. This 156,873 square foot multi-tenant property offers a diverse mix of retail and office spaces, currently anchored by Tractor Supply, Ashley Furniture, and Big Lots. Eight individual spaces are immediately available, ranging in size from 862 to 30,000 square feet, providing flexibility for various business needs. A significant 30,000 square foot second-floor office space is also available, ideal for a large corporate tenant or division of existing businesses. Two outparcels further enhance the property's potential. Wise's robust economy, driven by healthcare, education, mining, and oil & gas extraction, provides a strong foundation for sustained growth. Its strategic location near major interstate highways (I-26, I-81, I-75, and I-77), via US Highways 23 and 58, offers excellent access to regional and national markets. The presence of a large University of Virginia campus, along with high-performing national retailers like Walmart and Family Dollar, underscores the area's strong consumer base and retail potential. This property offers a compelling combination of established tenants, available space, and a dynamic economic environment, making it an attractive investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Total area 156,873 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
Current use
Occupant on record · Public records
  • Tractor Supply Co. Pet Store & Service
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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