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Property profile & analytics
OFF-MARKET
Commercial real estate
41709 Morgan Ave Pennington Gap, VA 24277-3214
Individually Owned
4-yr Hold
Free & Clear
Property ID
US87-1940028
Property summary
AI-generated overview
Invest in this 1,800-square-foot vacant commercial property located at 41709 W Morgan Ave, Pennington Gap, VA 24277. This fee-simple property, situated on a 0.409-acre lot, offers a prime opportunity for a variety of businesses. The building, constructed in 1980, is classified as Class C and features a single story with 1,800 square feet of net rentable space. Previously used as an auto repair shop and wrecker service, the versatile layout is adaptable to various retail or vehicle-related uses. The property's zoning is commercial, allowing for a range of possibilities. The asking price is $149,900, translating to $83.28 per square foot. Ample parking is available on the sizable lot, ensuring convenience for customers. This location in Lee County presents a strong investment opportunity in a well-established area. The property's APN is 23E-(1)-18. Don't miss this chance to acquire a well-positioned commercial space in Pennington Gap.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
APN
23E-(11)-BK18,1,2
UPID
US87-1940028
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
-
Mark's Alignment & Wrecker Services Auto Repair Shop Auto Parts Store
-
Pennington Armory Gun Shop
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
Troy See · 4 yrs held
Troy See
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pennington Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pennington Gap submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$562
Tax year 2024
Assessed value
$31,000
Assessed 2024
Previous assessed
$31,000
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$30,000
Assessed improvement
$1,000
Land market value
$30,000
Improvement market value
$1,000
Total market value
$31,000
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
2
Rooms
2
Bathrooms
2
APN
23E-(11)-BK18,1,2
UPID
US87-1940028
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
2
Rooms
2
Bathrooms
2
Current owner
From public records · entity-resolved
Troy See
Individual
Free & Clear · 4 yrs held
Mailing address
41709 W MORGAN AVE, PENNINGTON GAP, VA 24277-3214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Troy See
Mary Patricia Hawley
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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