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

    30424 Lee Hwy Meadowview, VA 24361

    • Commercial real estate
    • 11,135 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Jan 30, 2025
    $275,000
    Location Intelligence
    Property ID
    US87-1812961
    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 30424 Lee Hwy

    Year built
    1937
    Lot size
    0.94 lot acres
    Property size
    11,135 SF
    Zone code
    B2 BUSINESS GENERAL
    Property type
    Commercial real estate
    APN
    068 A 21A
    APU
    068A21A

    Description

    This multi-use property in Meadowview, Tennessee, offers a compelling investment opportunity. The 0.94-acre lot features a 2,300 square foot warehouse space, part of a larger complex totaling over 11,000 square feet. The building also includes approximately 3,100 square feet of ground-level retail space and an additional 960 square feet of ground-level space currently available for lease. An upstairs 2,300+ square foot, four-bedroom apartment with hardwood floors, a large kitchen, laundry facilities, living room, and dining area offers further income potential, and could be easily converted into two separate units. All spaces, except the 960 square foot ground-level area, are currently heated, cooled, and leased. The property boasts a metal roof, ample parking, and room for expansion. Its strategic location near Emory & Henry College and I-81 Exit 26 in Glade Spring, Virginia, provides excellent visibility and accessibility. With over 97 feet of road frontage on US Route 11 and B2 zoning, this site presents significant upside potential. A plat is available upon request. Asking price is $275,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $295,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $235,000
      Mixed-Use
      $255,000
      Hospitality
      $325,000
      Educational
      $240,000
      Residential Income
      $285,000
      Energy
      $275,000
      Income-Based Land
      $255,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Meadowview
    County
    Washington
    State
    Virginia
    Longitude
    -81.8327
    Latitude
    36.7555
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    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
    0
    $0.00
    $40,000
    $197,200
    $237,200
    -
    $40,000
    $197,200
    $237,200

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      Meadowview, VA 24361

      COMMERCIAL (GENERAL) • 1,800 SF
      Meadowview, VA 24361
      View Details
    • Value Estimation by Request
      1,800 SF

      28496 Lee Hwy

      COMMERCIAL (GENERAL) • 1,800 SF
      28496 Lee Hwy, Meadowview, VA 24361
      View Details
    • Value Estimation by Request
      1.31 Acres

      Old Saltworks Rd

      Land • 1.31 Acres
      0 Old Saltworks Rd, Meadowview, VA 24361
      View Details
    • Value Estimation by Request
      1.34 Acres

      Old Saltworks Rd

      Land • 1.34 Acres
      0 Old Saltworks Rd, Meadowview, VA 24361
      View Details
    • Value Estimation by Request
      1.12 Acres

      17 Old Saltworks Rd

      Land • 1.12 Acres
      17 Old Saltworks Rd, Meadowview, VA 24361
      View Details
    • Value Estimation by Request
      4,736 SF

      Harrison Rd

      COMMERCIAL (GENERAL) • 4,736 SF
      Harrison Rd, Meadowview, VA 24361
      View Details

    Similar Nearby for Sale

    • $250,000
      7.33 Acres

      Meadowview, VA 7.72-Acre Land

      7.72 acres in Meadowview, VA with recreational potential.
      03691 03692, Meadowview, VA 24361
      View Details
    • $35,000
      1.57 Acres

      Meadowview, VA Vacant Land

      1.57 acre building lot in a country setting.
      Old Saltworks Rd, Meadowview, VA 24361
      View Details
    • $284,500
      9.50 Acres

      9.5 Acres in Meadowview, VA

      9.5-acre property near outdoor adventures in Washington County, Virginia.
      130 A 45, Meadowview, VA 24361
      View Details
    • $101,500
      2.03 Acres

      Pasture Land Near Abingdon, VA

      2.03 acres of pasture land near Abingdon, Virginia.
      Springfield Dr, Meadowview, VA 24361
      View Details
    • $47,000
      6.23 Acres

      Picturesque Land in Meadowview, VA

      6+ acre property with creek, suitable for homesteading.
      Tobias Dr, Meadowview, VA 24361
      View Details
    • $495,000
      19.56 Acres

      Meadowview Land Near Interstate 81

      19.56 acres near I-81, offering visibility and development potential.
      Glenbrook Ave, Meadowview, VA 24361
      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.
    30424 Lee Hwy
    Meadowview, VA 24361
    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.