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    For Sale (19)

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    Staunton VA Townhouse Development Lot
    $325,000
    1.01 Acres

    Staunton VA Townhouse Development Lot

    Approved 17-lot townhouse development opportunity in Staunton, Virginia.

    2311 Morris Mill Rd, Staunton, VA 24402
    View details
    Land Suitable for Building, Farming
    $125,000
    4.78 Acres

    Land Suitable for Building, Farming

    4.78 acre lot suitable for building and farming.

    Balsley Rd, Staunton, VA 24401
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    Verona, VA Building Lot
    $89,900
    1.65 Acres

    Verona, VA Building Lot

    1.65 acre building lot with river frontage near I-81.

    37k Rifes Ford Rd, Verona, VA 24482
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    Land with River Frontage
    $79,900
    2.50 Acres

    Land with River Frontage

    2.5 acre building lot with frontage on Middle River.

    37a Rifes Ford Rd, Verona, VA 24482
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    Verona, VA Building Lot
    $119,900
    4.34 Acres

    Verona, VA Building Lot

    Residential land with frontage on Middle River near I-81.

    10g Rifes Ford Rd, Verona, VA 24482
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    Verona, VA Building Lots
    $89,900
    1.87 Acres

    Verona, VA Building Lots

    Wooded lot adjoining Middle River, minutes from I-81.

    37j Rifes Ford Rd, Verona, VA 24482
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    Verona, VA Building Lots
    $99,900
    2.47 Acres

    Verona, VA Building Lots

    Wooded lot with river frontage near I-81.

    37a1 Rifes Ford Rd, Verona, VA 24482
    View details
    4-Acre Commercial Land Parcel
    $699,000
    4.00 Acres

    4-Acre Commercial Land Parcel

    4 acres of commercial land with high visibility.

    Johnson Dr, Stuarts Draft, VA 24477
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    Rockbridge Baths Building Lots
    $49,900
    2.25 Acres

    Rockbridge Baths Building Lots

    2.25 acre wooded lot with mountain views near Lexington.

    Tbd Anderson Farm Rd, Rockbridge Baths, VA 24473
    View details
    Commercial Lot in Waynesboro, VA
    $219,500
    1.26 Acres

    Commercial Lot in Waynesboro, VA

    1.26 acre commercial lot zoned Limited Business.

    4 Pratts Run Ln, Waynesboro, VA 22980
    View details
    Land for Sale in VERONA
    $99,900
    2.17 Acres

    Land for Sale in VERONA

    2.17 acre land lot in VERONA, Virginia.

    Tbd Rifes Frd Rd, Verona, VA 24482
    View details
    Staunton Office Condo For Sale
    $219,700
    1,119 SF

    Staunton Office Condo For Sale

    Modern office condo in high-traffic area, great visibility.

    100 Red Oak Dr, Staunton, VA 24401
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    Staunton Office Condo For Sale
    $228,300
    1,111 SF

    Staunton Office Condo For Sale

    Modern office condo in high-traffic area, priced at assessed value.

    100 Red Oak Dr, Staunton, VA 24401
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    10+ Acres Near National Forest
    $289,900
    10.25 Acres

    10+ Acres Near National Forest

    Over 10 acres with wildlife adjoining the National Forest.

    Tbd Gerties Ln, Stuarts Draft, VA 24477
    View details
    Waterfront Land Near I-81
    $79,900

    Waterfront Land Near I-81

    Building lot with frontage on Middle River, convenient highway access.

    37a Rifes Ford Rd, Verona, VA 24482
    View details
    Waterfront Building Lot on Middle River
    $119,900

    Waterfront Building Lot on Middle River

    Building lot with frontage on Middle River, near I-81.

    10g Rifes Ford Rd, Verona, VA 24482
    View details
    Wooded Lot Adjoining Middle River
    $89,900

    Wooded Lot Adjoining Middle River

    Wooded lot near I-81 and Middle River.

    37j Rifes Ford Rd, Verona, VA 24482
    View details
    Middle River Waterfront Land
    $99,900

    Middle River Waterfront Land

    Wooded lot with river frontage near I-81.

    37a1 Rifes Ford Rd, Verona, VA 24482
    View details
    Waterfront Building Lot For Sale
    $89,900

    Waterfront Building Lot For Sale

    Building lot with frontage on Middle River, near I-81.

    37k Rifes Ford Rd, Verona, VA 24482
    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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