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Property profile & analytics
OFF-MARKET
Commercial real estate

30424 Lee Hwy Meadowview, VA 24361

11,135 SF 0.94 ac lot Built 1937
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US87-1812961
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1937
Total area 11,135 SF
Lot 0.94 ac (40,946 SF)
Zoning code B2 BUSINESS GENERAL
APN 068 A 21A
UPID US87-1812961
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Charles Wallis JR · 1 yrs held
Charles Wallis JR
since 2025
Last sale
$275,000
2 recorded transactions
2025
$275,000
2022
$257,500
Zoning & alternative use
B2 BUSINESS GENERAL · Meadowview, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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