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    Property profile & analytics

    159 Pittston Rd Lebanon, VA 24266

    • Grocery and convenience stores
    • 33,600 SF
    • 6.66 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $995,000
    Location Intelligence
    Property ID
    US87-2463395
    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

    • Grocery and convenience stores

    Property Details for 159 Pittston Rd

    Year built
    1996
    Lot size
    6.66 lot acres
    Property size
    33,600 SF
    Property type
    Grocery and convenience stores
    APN
    104R E 916D
    APU
    104RE916D

    Description

    This 8,000 square foot retail center in Lebanon, Virginia, presents a fantastic leasing opportunity. Located at 159 Pittston Rd, zip code 24266, this Class C property sits on a 6.6-acre lot (APN: 104R E 916D) and is zoned for commercial use. Currently, 1,497 square feet of space is available, representing a minimum divisible unit. The property is multi-tenant, offering flexibility for various business types including office, restaurant, and medical uses. The building is anchored by a Food City grocery store, ensuring high foot traffic and visibility. The available space is currently unfinished, allowing for complete customization to suit a tenant's specific needs and branding. Ample parking is available for customers and employees. The property's well-maintained exterior contributes to its strong curb appeal and prime location within a thriving business community. This high-traffic area provides excellent exposure for any business seeking to establish a strong presence in Lebanon, Virginia. The property is an ideal choice for businesses seeking a versatile and adaptable space in a convenient and highly visible location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,350,000
      6.5%
      $1,250,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,480,000
      Geo Method
      $1,175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,140,000
      Retail
      $1,455,000
      Mixed-Use
      $1,160,000
      Hospitality
      $1,435,000
      Educational
      $1,105,000
      Residential Income
      $1,130,000
      Energy
      $1,075,000
      Income-Based Land
      $1,365,000
      Food Service
      $1,120,000

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.0594
    Latitude
    36.9005

    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
    $19,284
    $666,000
    $2,395,000
    $3,061,000
    -
    $666,000
    $2,395,000
    $3,061,000

    Comparable in this City

    • Value Estimation
      $145,000
      2,232 SF

      459 Main St

      CONVENIENCE STORE • 2,232 SF
      459 Main St, Lebanon, VA 24266-4056
      View Details
    • Value Estimation
      $335,000
      3,120 SF

      Main St

      CONVENIENCE STORE • 3,120 SF
      Main St, Lebanon, VA 24266
      View Details
    • Value Estimation
      $380,000
      2,400 SF

      13697 U S Hwy 19

      CONVENIENCE STORE • 2,400 SF
      13697 U S Hwy 19, Lebanon, VA 24266-4132
      View Details
    • Value Estimation
      $815,000
      6,900 SF

      53 Elliott St

      CONVENIENCE STORE • 6,900 SF
      53 Elliott St, Lebanon, VA 24266-3658
      View Details
    • Value Estimation
      $350,000
      4,680 SF

      1309 Main St

      CONVENIENCE STORE • 4,680 SF
      1309 Main St, Lebanon, VA 24266-3445
      View Details
    • Value Estimation
      $345,000
      4,800 SF

      916 Main St, Unit 934

      CONVENIENCE STORE • 4,800 SF
      916 Main St, Lebanon, VA 24266-5010
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

    • $4,000 /Mo
      4,000 SF

      Versatile Commercial Space on Main

      4,000 sq ft commercial building with endless possibilities.
      619 W Main St, Lebanon, VA 24266
      View Details
    • $16 SF/Yr
      8,000 SF

      Lebanon Retail Space Available

      8,000 SF Retail Center, 1,497 SF Vacant
      159 Pittston Rd, Lebanon, VA 24266
      View Details
    • $1,000 /Mo
      1,350 SF

      Renovated Office Space For Rent

      Recently renovated office space in Lebanon's Russell County Shopping Center.
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      View Details
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    159 Pittston Rd
    Lebanon, VA 24266
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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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