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1505 Main St Wytheville, VA 24382

OFF-MARKET Commercial real estate Google Maps
5,312 SF 3.59 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US87-3021469

Property summary

AI-generated overview

This exceptional commercial property at 1505 East Main Street in Wytheville, Virginia, offers a unique investment opportunity. The 5,000 square foot building, classified as Class A, is situated on a 3.5-acre lot and features flexible space ideal for multiple tenants. Two spaces are currently available, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 5,000 square feet. The property's zoning is B-2, allowing for a variety of commercial uses. Its prime location boasts high visibility at a signalized intersection, directly across from major retailers including Rural King, Applebee's, Waffle House, Food Lion, Tractor Supply, Badcock Home, and CVS. Furthermore, its proximity to Interstate 81/77, Exit 73 (within 1,200 feet), ensures excellent accessibility and high traffic volume, with an average daily vehicle count exceeding 80,000. The property also presents land lease and build-to-suit options, with up to 9+/- acres available for development. This versatile property is perfect for businesses seeking a prominent location with high visibility and convenient access to major transportation routes. The property is zoned B-2 and offers a range of possibilities for retail, office, and medical uses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Construction WOOD
Total area 5,312 SF
Lot 3.59 ac (156,380 SF)
APN 041A-001-0000-0145A
UPID US87-3021469

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2021
Last sale
$189,900
2 recorded transactions
2021
$189,900
2017
$202,652

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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