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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Main St Pearisburg, VA 24134-1526

    • Grocery and convenience stores
    • 2,080 SF
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2094511
    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

    • Trail Side Enterprises Inc. / Restaurant
    • Clover Dew Market / Gas Station
    • ATM / Atm

    Property Details for 505 Main St

    Year built
    1980
    Property size
    2,080 SF
    Zone code
    BB-2
    Property type
    Grocery and convenience stores
    APN
    40A 13 9 3
    APU
    40A1393

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $215,000
      AUTO REPAIR, GARAGE
      $155,000
      RETAIL STORES
      $155,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pearisburg
    County
    Giles
    State
    Virginia
    Longitude
    -80.7391
    Latitude
    37.3307
    CBSA code
    13980
    CBSA name
    BLACKSBURG-CHRISTIANSBURG-RADFORD, 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
    $35,000
    $199,500
    $234,500
    -
    $35,000
    $199,500
    $234,500

    Comparable in this City

    • Value Estimation
      $195,000
      1,077 SF

      109 Wilburn Vly Rd

      CONVENIENCE STORE • 1,077 SF
      109 Wilburn Vly Rd, Pearisburg, VA 24134-2614
      View Details
    • Value Estimation
      $245,000
      2,062 SF

      Pearisburg, VA 24134

      CONVENIENCE STORE • 2,062 SF
      Pearisburg, VA 24134
      View Details
    • Value Estimation
      $245,000
      1,100 SF

      220 Main St

      CONVENIENCE STORE • 1,100 SF
      220 Main St, Pearisburg, VA 24134-1626
      View Details
    • Value Estimation
      $175,000
      2,378 SF

      530 Wenonah Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,378 SF
      530 Wenonah Ave, Pearisburg, VA 24134-1634
      View Details
    • Value Estimation
      $220,000
      2,886 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,886 SF
      129 Main St, Pearisburg, VA 24134-1627
      View Details
    • Value Estimation
      $165,000
      4,100 SF

      125 Kinter Way

      RETAIL STORES (PERSONAL SERVICES) • 4,100 SF
      125 Kinter Way, Pearisburg, VA 24134-2283
      View Details

    Similar Nearby for Sale

    • $870,000
      26,335 SF

      Retail Building in Pearisburg, VA

      26,335 SF retail building with available space for sale.
      900 Wenonah Ave, Pearisburg, VA 24134
      View Details
    • $65,000
      1.48 Acres

      Cleared Lot in Pearisburg

      1.477 acre lot suitable for building a dream home.
      S Main St, Pearisburg, VA 24134
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      00 Pulaski Giles Tpke, Pearisburg, VA 24134
      View Details
    • $200,000
      4.78 Acres

      Established Hostel & Campground Opportunity

      Hospitality property near Appalachian Trail, ideal for outdoor enthusiasts.
      204 Douglas Ln, Pearisburg, VA 24134
      View Details
    • $119,900
      0.25 Acres

      Established Giles County Business

      Profitable Grocery, Bar & Deli, Gas Station
      109 Wilburn Valley Rd, Pearisburg, VA 24134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      Pearisburg Retail Space Available

      Retail spaces and pad sites available in Pearisburg, Virginia.
      302-322 N Main St, Pearisburg, VA 24134
      View Details
    • Contact for pricing

      Retail Spaces and Pad Sites

      Retail spaces and pad sites available for lease.
      N Main St, Pearisburg, VA 24134
      View Details
    • Contact for pricing
      1,770 SF

      Retail Space Near Walmart

      Retail space available near Walmart Supercenter in Pearisburg, VA.
      120-154 Kinter Way, Pearisburg, VA 24134
      View Details
    • Contact for pricing

      Retail Space and Pad Sites

      Retail spaces and pad sites available for lease.
      Main St, Pearisburg, VA 24134
      View Details
    • $11 SF/Yr
      97,798 SF

      Main Street Plaza Retail Center

      Giles County Shopping Center - Spaces Available
      302 Main St, Pearisburg, VA 24134
      View Details
    • $9 SF/Yr
      97,798 SF

      Main Street Plaza Retail Center

      Pearisburg, VA Shopping Center - 97,798 SF
      302 Main St, Pearisburg, VA 24134
      View Details
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    505 Main St
    Pearisburg, VA 24134-1526
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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