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    190 Lithia Rd Wytheville, VA 24382

    • Commercial real estate
    • 6,077 SF
    • 1.28 lot acres
    For Lease
    View listing
    $216 SF/Yr
    Value Estimation
    $655,000
    Location Intelligence
    Property ID
    US87-2430055
    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 190 Lithia Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    1.28 lot acres
    Property size
    6,077 SF
    Property type
    Commercial real estate
    APN
    041A-042-0000-0050
    APU
    041A04200000050

    Description

    This exceptional 6,064-square-foot restaurant property presents a unique investment opportunity in Wythe County, Virginia. Located on 1.26 acres of land, this single-tenant building boasts a prominent position within the bustling I-81/I-77 Crossroads development corridor, surrounded by a variety of established restaurants and hotels. Previously occupied by a Bob Evans restaurant, the property is zoned B and offers significant potential for a variety of food service businesses. The building's substantial size and high-traffic location provide an ideal platform for immediate success. The asking price is $985,000, representing a compelling value considering the Wythe County assessment of $1,312,800. The property is available for sale, offering a strong return on investment. A lease rate of $18.00 per square foot per year is also available for qualified tenants. This turnkey operation is ready for immediate occupancy and presents a rare chance to acquire a well-situated commercial property in a thriving area. The property's strategic location and established infrastructure make it an attractive proposition for both owner-operators and investors seeking a stable, high-growth market. Don't miss this chance to secure a prime location in a rapidly developing commercial hub.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wytheville
    County
    Wythe
    State
    Virginia
    Longitude
    -81.0563
    Latitude
    36.9488

    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
    2022
    $4,379
    $311,400
    $0.00
    $311,400
    -
    $311,400
    $0.00
    $311,400

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    190 Lithia Rd
    Wytheville, VA 24382
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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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