780 Commonwealth Dr Norton, VA 24273
Norton Commons, located at 780 Commonwealth Drive in Norton, Virginia (zip code 24273), presents a prime retail opportunity within a thriving neighborhood center. This 81,297 square foot shopping center, built in 2005, benefits from a strong Walmart shadow anchor and enjoys a strategic location just off US Highway 23, drawing shoppers from Virginia, West Virginia, Kentucky, and Tennessee. The center boasts 404 parking spaces, ensuring ample convenience for customers. Currently, 4,003 square feet of retail space is available for lease. The existing tenant mix includes a diverse range of established businesses, such as Bealls, Hibbett Sports, Maurices, Shoe Show, OneMain Financial, Sally Beauty Supply, and Verizon Wireless. This established center provides a high-traffic location with excellent visibility and accessibility, making it an ideal investment for businesses seeking a strong presence in a regional market. The property is situated in Wise County and offers a unique opportunity to capitalize on the significant regional draw of this well-established shopping destination. There are no internet cafes within the center. This property offers a compelling opportunity for businesses seeking a high-traffic, well-located retail space in a thriving regional market.
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SmartStyle Hair Salon Hair Salon
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Walmart Business Center Tech Support Center (Bike/Boat/Book/etc) Store
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Quick-Tag Shopping Center & Mall (Bike/Boat/Book/etc) Store
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Primo Water Refill & Exchange Big Box & Wholesale Store
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Walmart Vision & Glasses Ophthalmologist (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.