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Property profile & analytics
OFF-MARKET Estimated value $335,000
Office buildings

2537 4th E Ave Big Stone Gap, VA 24219-3601

14,308 SF Built 1975
Individually Owned Free & Clear
Property ID
US87-2110217
Property summary
AI-generated overview

This exceptional 14,307 square foot mixed-use building in Big Stone Gap, Virginia, presents a compelling investment opportunity. Situated on a 0.61-acre lot, this three-story Class B building boasts a prime location across from the Frontier Health Independence Center and near local schools. Currently configured with a ground floor podiatry practice (equipment potentially included in sale), a vacant second floor (suitable for various uses), and a fully equipped third-floor fitness center (included in sale), this property offers significant flexibility. The building features six bathrooms (two with showers), a concrete vault with a steel door, two stairwells, and four entry/exit points. Additional amenities include three-phase power, ground floor heat pumps, a metal roof, brick exterior, and ample paved parking. The building is zoned B-1 and is outside Big Stone Gap town limits. With 100% occupancy and a price of $1,144,560 ($81.75/sq ft, $26,385/acre), this property is ideal for owner-users seeking to expand their existing medical practice, or for investors looking for a versatile commercial space. Potential uses include a medical clinic with added physical therapy, a community center, an educational or training facility, a faith-based organization, or an event space. The property's size, location, and existing infrastructure make it a highly attractive investment. The attached floor plan provides further detail on the building's layout.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction WOOD
Total area 14,308 SF
APN R015871
UPID US87-2110217
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Andrew J. Chapman, DPM Medical Clinic
  • Family Foot & Ankle Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$335k
Owner & transaction history
ANDREW CHAPMAN
ANDREW CHAPMAN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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