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    102 Dominion Dr Emporia, VA 23847

    • Retail space
    • 1.83 lot acres
    For Sale
    View listing
    $1,399,000
    Value Estimation
    Last Sale
    Mar 16, 2020
    $1,200,000
    Location Intelligence
    Property ID
    US87-3172422
    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

    • Aaron's Rent To Own / Electronics Store / Appliance Rental Service

    Property Details for 102 Dominion Dr

    Year built
    2007
    Lot size
    1.83 lot acres
    Property type
    Retail space
    APN
    101 -A -0 -103
    APU
    101A0103

    Description

    This exceptional investment opportunity presents a fee-simple 10,228 square foot Aaron's Furniture storefront located at 102 Dominion Dr, Emporia, VA 23847. The property, built in 2007, sits on a 1.83-acre lot and boasts 50 parking spaces, sharing a location with a Walmart shopping center. Currently operating under a double net lease (NN) with a corporate guarantee, the tenant enjoys a lease term expiring December 31, 2025, with a remaining term of approximately 1.1 years. A single renewal option extends the lease through January 31, 2031. The asking price is $1,399,000, representing a compelling price per square foot of $161 and a strong 9.44% cap rate based on a current Net Operating Income (NOI) of $132,000. The property features a single story building with AA4 zoning. The HVAC system was replaced in June 2023. Landlord responsibilities include roof, HVAC, and parking surface maintenance. This is a rare opportunity to acquire a well-located, stable retail investment with a strong tenant and significant upside potential. 100% occupancy ensures immediate cash flow.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,115,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,185,000
      7%
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,320,000
      Geo Method
      $1,230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,240,000
      Retail
      $1,250,000
      Mixed-Use
      $1,260,000
      Hospitality
      $1,395,000
      Educational
      $1,320,000
      Residential Income
      $1,520,000
      Energy
      $1,155,000
      Income-Based Land
      $1,400,000
      Food Service
      $1,305,000

    Location Insight

    • Map
    • Local Demand
    City
    Emporia
    County
    Emporia City
    State
    Virginia
    Longitude
    -77.5473
    Latitude
    36.7046

    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
    2024
    $10,550
    $411,300
    $735,400
    $1,146,700
    -
    $411,300
    $735,400
    $1,146,700

    Comparable in this City

    • Value Estimation by Request

      Back Lot Lot

      RETAIL STORES (PERSONAL SERVICES)
      Back Lot Lot, Emporia, VA 23847
      View Details
    • Value Estimation by Request
      30.00 Acres

      108 Atlantic St

      RETAIL STORES (PERSONAL SERVICES) • 30.00 Acres
      108 Atlantic St, Emporia, VA 23847
      View Details
    • Value Estimation by Request
      19.50 Acres

      150 Baker St

      RETAIL STORES (PERSONAL SERVICES) • 19.50 Acres
      150 Baker St, Emporia, VA 23847-1720
      View Details
    • Value Estimation by Request
      54.00 Acres

      143 Baker St

      RETAIL STORES (PERSONAL SERVICES) • 54.00 Acres
      143 Baker St, Emporia, VA 23847-1703
      View Details
    • Value Estimation by Request

      102 Commonwealth Blvd

      RETAIL STORES (PERSONAL SERVICES)
      102 Commonwealth Blvd, Emporia, VA 23847-1225
      View Details
    • Value Estimation by Request
      24.00 Acres

      339 Halifax St

      RETAIL STORES (PERSONAL SERVICES) • 24.00 Acres
      339 Halifax St, Emporia, VA 23847-1709
      View Details

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      Emporia, VA Retail Investment

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      102 Dominion Dr, Emporia, VA 23847
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    Similar Nearby for Lease

    • $1.00 SF/Yr
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      Retail Suites in Emporia Center

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    Emporia, VA 23847
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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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