Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2178 Hwy 16 Marion, VA 24354-4050

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-2008121
    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 2178 Hwy 16

    Property type
    Commercial real estate
    APN
    58H-1-1A
    APU
    58H11A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.4685
    Latitude
    36.8156

    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
    $227
    $12,500
    $26,000
    $38,500
    -
    $12,500
    $26,000
    $38,500

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      Main St

      COMMERCIAL (GENERAL) • 0.43 Acres
      Main St, Marion, VA 24354
      View Details
    • Value Estimation by Request

      Marion, VA 24354

      COMMERCIAL (GENERAL)
      Marion, VA 24354
      View Details
    • Value Estimation by Request
      0.20 Acres

      Marion, VA 24354

      COMMERCIAL (GENERAL) • 0.20 Acres
      Marion, VA 24354
      View Details
    • Value Estimation by Request
      0.34 Acres

      1069 Cleghorn Vly Rd

      COMMERCIAL (GENERAL) • 0.34 Acres
      1069 Cleghorn Vly Rd, Marion, VA 24354-6074
      View Details
    • Value Estimation by Request
      0.52 Acres

      3180 Lee Hwy

      COMMERCIAL (GENERAL) • 0.52 Acres
      3180 Lee Hwy, Marion, VA 24354-6762
      View Details
    • Value Estimation by Request
      2,520 SF

      Marion, VA 24354

      COMMERCIAL (GENERAL) • 2,520 SF
      Marion, VA 24354
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.11 Acres

      Land Ready for Development

      Land with town amenities, building incentives, and modular options.
      Staley St, Marion, VA 24354
      View Details
    • $55,000
      1.00 Acre

      Spacious Cleared Lot in Marion

      One-acre cleared lot in Marion, perfect for building your dream home.
      530 Horne Ave, Marion, VA 24354
      View Details
    • $75,000
      0.22 Acres

      Residential Land in Marion, VA

      Ready-to-build lot with town amenities and building incentives.
      36 Half 37, Marion, VA 24354
      View Details
    • Contact for pricing
      2,500 SF

      Starbucks NNN Investment Opportunity

      New construction Starbucks with corporate lease and rental increases.
      1209 N Main St, Marion, VA 24354
      View Details
    • $139,000
      7.23 Acres

      Secluded Cabin Near Hungry Mother

      7+ acre property with rustic cabin near Hungry Mother Park.
      307 Shale Bank Rd, Marion, VA 24354
      View Details
    • $230,000
      1.55 Acres

      Commercial Land with Development Potential

      Commercial land with possibilities for various business ventures.
      540 S Main St, Marion, VA 24354
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      14,183 SF

      Prime Marion, VA Commercial Space

      14,183 SF, Versatile, Newly Renovated
      208 Commerce St, Marion, VA 24354
      View Details
    • Contact for pricing
      45,866 SF

      Retail Space in Parkway Center

      Retail space available in Marion, VA shopping center.
      910-924 N Main St, Marion, VA 24354
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Shopping Center

      Retail space available within a dominant shopping center.
      1125 N Main St, Marion, VA 24354
      View Details
    • Contact for pricing
      96,469 SF

      Parkway Shopping Center: Marion, VA

      Thriving Marion, VA retail center; spaces available.
      910 Main St, Marion, VA 24354
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2178 Hwy 16
    Marion, VA 24354-4050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.