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    Property profile & analytics

    8426 Us Hwy 421 Pennington Gap, VA 24277-7037

    • Turn key restaurants
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 14, 2023
    Location Intelligence
    Property ID
    US87-1834088
    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

    • Turn key restaurants

    Property Details for 8426 Us Hwy 421

    Year built
    1999
    Property type
    Turn key restaurants
    APN
    22A-(7)-BK3,1-3
    APU
    22A7BK313

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pennington Gap
    County
    Lee
    State
    Virginia
    Longitude
    -83.4669
    Latitude
    36.6326

    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
    2024
    $793
    $10,000
    $0.00
    $10,000
    -
    $10,000
    $0.00
    $10,000

    Comparable in this City

    • Value Estimation
      $340,000
      0.91 Acres

      42357 Morgan Ave

      RESTAURANT • 0.91 Acres
      42357 Morgan Ave, Pennington Gap, VA 24277-2258
      View Details
    • Value Estimation
      $345,000
      0.25 Acres

      42331 Morgan Ave

      RESTAURANT • 0.25 Acres
      42331 Morgan Ave, Pennington Gap, VA 24277-2258
      View Details
    • Value Estimation by Request

      Pennington Gap, VA 24277

      REGIONAL SHOPPING CENTER, MALL
      Pennington Gap, VA 24277
      View Details
    • Value Estimation by Request

      41826 Morgan Ave

      RETAIL STORES (PERSONAL SERVICES)
      41826 Morgan Ave, Pennington Gap, VA 24277
      View Details
    • Value Estimation by Request

      5158 Us Hwy 421

      RETAIL STORES (PERSONAL SERVICES)
      5158 Us Hwy 421, Pennington Gap, VA 24277
      View Details
    • Value Estimation by Request

      Morgan Ave

      CAR WASH
      Morgan Ave, Pennington Gap, VA 24277
      View Details

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    • Contact for pricing
      0.23 Acres

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      Residential land totaling 0.23 acres in Pennington Gap, Virginia.
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    • $650,000
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      216 Acres of Farmland

      Over 200 acres of farmland with multiple potential uses.
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      Wooded Acreage Near Pennington Gap

      100.6 acres of wooded land, 10 minutes from Pennington Gap.
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    • Contact for pricing
      0.23 Acres

      Pennington Gap Land For Sale

      Two residential lots available with town water and sewer.
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    Similar Nearby for Lease

    • $1,050,000
      239,580 SF

      Commercial Property in Pennington Gap

      Investment opportunity with 28 rentals and a Huddle House.
      282 Westgate Mall Cir, Pennington Gap, VA 24277
      View Details
    • $5 SF/Yr
      8,712 SF

      Riverbend Shopping Center Retail Space

      Retail space in Riverbend Shopping Center, adjacent to Food City.
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      View Details
    • $350,000
      10,800 SF

      Commercial Property with Dollar General

      1.77 acre lot with Dollar General tenant.
      231 Dollar Dr, Pennington Gap, VA 24277
      View Details
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    8426 Us Hwy 421
    Pennington Gap, VA 24277-7037
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    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
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