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    Property profile & analytics

    Russell St, VA

    • Retail space
    • 3,500 SF
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2229937
    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

    • Retail space

    Property Details

    Construction
    STEEL FRAME
    Property size
    3,500 SF
    Property type
    Retail space
    APN
    R021317
    APU
    R021317

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Russell St
    County
    Wise
    State
    Virginia
    Longitude
    -82.3298
    Latitude
    36.9096
    CBSA code
    13720
    CBSA name
    BIG STONE GAP, VA MICROPOLITAN 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
    $30,000
    $117,800
    $147,800
    -
    $30,000
    $117,800
    $147,800

    Comparable in this City

    • Value Estimation
      $260,000
      2,094 SF

      Davis Ave, VA

      RETAIL STORES (PERSONAL SERVICES) • 2,094 SF
      Davis Ave, VA
      View Details
    • Value Estimation
      $305,000
      1,224 SF

      Bartlick, VA

      RETAIL STORES (PERSONAL SERVICES) • 1,224 SF
      Bartlick, VA
      View Details
    • Value Estimation
      $785,000
      48,177 SF

      930 Ss

      RETAIL STORES (PERSONAL SERVICES) • 48,177 SF
      930 Ss, Ave, VA
      View Details
    • Value Estimation
      $330,000
      2,560 SF

      Breaks Park

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      Breaks Park, Rd, VA
      View Details
    • Value Estimation
      $225,000
      8,125 SF

      Southpark Blvd, VA

      RETAIL STORES (PERSONAL SERVICES) • 8,125 SF
      647, Southpark Blvd, VA
      View Details
    • Value Estimation
      $335,000
      2,800 SF

      Dunagannon Rd, VA

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      Dunagannon Rd, VA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,421 SF

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      Freestanding retail building with high traffic and accessibility.
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      Retail Outparcels Near I-95

      Retail outparcels available for sale, lease, or build-to-suit.
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      Kilmarnock Retail Space For Sale

      Retail property with high visibility and NNN lease.
      100 James B. Jones Memorial Hwy, Kilmarnock, VA
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    • $595,000
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      Hollins Retail Opportunity on Corner

      Two parcels totaling 0.7387 acres in high-traffic Hollins area.
      7403-7409 Williamson Rd, Hollins, VA
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    • $1,106,655
      9,002 SF

      Dollar General NNN Investment Property

      NNN Dollar General in Alton, VA with extended lease.
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    Similar Nearby for Lease

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      Retail Space in Henrico, VA

      9,300 SF retail space available for rent.
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      View Details
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      5,002 SF

      Retail Space Near White Oak

      Retail space with high visibility and ample parking.
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      Herndon Office and Retail Development

      Office and retail spaces with modern amenities near Herndon Metro.
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      View Details
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      2,000 SF

      Retail Space Near I-66

      Retail space available near Route 15 and I-66 interchange.
      15 & I-66 Rte, Haymarket, VA
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    • $21 SF/Yr
      2,200 SF

      Former Restaurant Space Available

      2,200 SF former restaurant space for lease.
      12200-12330 Branders Crk Dr, Chester, VA
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    • $9 SF/Yr
      41,117 SF

      Former Market Retail Space Available

      41,117 SF retail space in excellent condition for lease.
      3419 Orange Ave - NE, Roanoke, VA
      View Details
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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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