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    Property profile & analytics

    15856 Porterfield Hwy Abingdon, VA 24210

    • Commercial real estate
    • 7,526 SF
    • 0.64 lot acres
    For Sale
    View listing
    $599,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-1713073
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 15856 Porterfield Hwy

    Year built
    1955
    Lot size
    0.64 lot acres
    Property size
    7,526 SF
    Zone code
    B2 BUSINESS GENERAL
    Property type
    Commercial real estate
    APN
    103A213 2B
    APU
    103A2132B

    Description

    This exceptional mixed-use property, formerly Statzer's Cafeteria, presents a unique investment opportunity in Abingdon, Virginia. Located at 15856 Porterfield Hwy (APN 44670), this 7,526 square foot building sits on a 0.64-acre lot and boasts a prime corner location with excellent visibility and high traffic counts. The property benefits from its position on Highway 58, a major state highway leading to several Southwest Virginia towns, and its proximity to Abingdon Elementary School and several large churches, ensuring consistent traffic flow. Built in 1967 and renovated in 2015, the building features a single story, with 10-14 foot ceilings, and is zoned B-2, allowing for a variety of uses. Previously utilized as a cafeteria and other commercial ventures, this well-built structure offers flexibility for various businesses. The asking price is $599,000, translating to a land value of $79.59 per square foot. The property is offered fee simple and is currently vacant, presenting a blank canvas for a discerning buyer. This is an owner-user investment opportunity with a multi-unit tenancy. The building's adaptable layout and strategic location make it an ideal choice for entrepreneurs seeking high visibility and strong traffic patterns. This is a rare opportunity to acquire a well-situated commercial property in a thriving community.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -82.0137
    Latitude
    36.7208
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $64,100
    $300,000
    $364,100
    -
    $64,100
    $300,000
    $364,100

    Comparable in this City

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      15696 Porterfield Hwy

      COMMERCIAL (GENERAL) • 1,200 SF
      15696 Porterfield Hwy, Abingdon, VA 24210-8464
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    • Value Estimation by Request
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      20427 Rich Vly Rd

      COMMERCIAL (GENERAL) • 2,400 SF
      20427 Rich Vly Rd, Abingdon, VA 24210-1759
      View Details

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    Abingdon, VA 24210
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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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