Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0-Lot 16 Hedgerow Dr Staunton, VA 24401

    Sponsored
    For Sale
    $289,500

    Land - STAUNTON, VA

    Lot size:
    0.96 Acres
    Days on Market:
    1082
    Last Refresh:
    Feb 2 at 5:06 am

    Property Features for 0-Lot 16 Hedgerow Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2 General Business
    APN
    66C-1-2
    Lot size
    0.96 Acres

    Building Details

    Flooring type
    Other
    Building materials
    Other
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    CHARLIE WARD
    CHARLIE WARD

    Old Dominion Realty (540) 943-0085

    Listing agent CHARLIE WARD (540) 943-0085

    Listing date Feb 17, 2023

    MLS# 638668 Listing URL

    Copyright © 2026 Greater Augusta Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land in Staunton, Virginia

    This 0.96-acre commercial land is zoned B-2 General Business and is located in Staunton, Virginia. It is situated at Myers Corner on Jefferson Highway (Route 250) and new Lifecore Drive, offering potential for commercial development. The lot may be combined with adjacent lots (12, 14 and 15) for a total of 3.527 acres, offered at $840,275. The developer offers turn-key commercial buildings, built to suit. Covenants and restrictions apply; see broker for details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Staunton
    County
    Staunton
    State
    Virginia
    Longitude
    -79.0825
    Latitude
    38.1221

    Nearby Similar for Sale

    • $2,790,000
      9,080 SF

      Turnkey Wedding Venue and Inn

      Premier Staunton wedding venue and inn with strong revenue potential.
      1329 Commerce Rd, Staunton, VA 24401
      View Details
    • $1,050,000
      6,213 SF

      Renovated Victorian Quad with Income

      Fully renovated Victorian quad with leases in place for immediate income.
      811 Westover Dr, Staunton, VA 24401
      View Details
    • $659,300
      3,358 SF

      Staunton Office Condo Units Available

      Professional office condo units in a convenient Staunton location.
      100 Red Oak Dr, Staunton, VA 24401
      View Details
    • $139,900
      Pending

      Staunton Commercial Property with Parking

      Versatile commercial space with ample parking and high traffic.
      2594 Lee Jackson Hwy, Staunton, VA 24401
      View Details
    • $249,000
      1,233 SF

      STAUNTON, VA Office Building

      Office space in high-visibility location, suitable for various business needs.
      1110 Churchville Ave, Staunton, VA 24401
      View Details
    • $1,050,000
      Pending

      Former Bank Branch with Drive-Thru

      2,814 SF building on 1.55 acres in Staunton, VA.
      488 Frontier Dr, Staunton, VA 24401
      View Details
    • $849,000
      4,040 SF

      Versatile Office Condo in Staunton

      4,040 SF flexible space suitable for retail, medical, or office.
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    • $449,000
      3,102 SF

      Downtown Staunton Mixed-Use Building

      Flexible mixed-use property in historic downtown Staunton.
      111 S Augusta St, Staunton, VA 24401
      View Details
    • $595,000
      3,425 SF

      STAUNTON, VA Investment Opportunity

      Well-maintained building with new lease in high-traffic location.
      902 Richmond Ave, Staunton, VA 24401
      View Details
    • $174,900
      1,344 SF

      Staunton Office in Mactanly Center

      Spacious office in excellent Staunton location with great visibility.
      100 Mactanly Pl, Staunton, VA 24401
      View Details
    • $2,000,000
      12,657 SF

      Iconic Restaurant Property Near I-81

      Restaurant property with apartment, storage, and expansion potential near I-81.
      74 Rowe Rd, Staunton, VA 24401
      View Details
    • $829,500
      3,696 SF

      Staunton Duplex Townhouses For Sale

      Four-unit duplex in Staunton, VA with new roofs planned.
      628 D St, Staunton, VA 24401
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land available for development in Staunton, Virginia.
    Where is this land located?
    The property is located at 0-Lot 16 Hedgerow Dr Staunton, VA.
    What is the asking price?
    The asking price for this property is $289,500.
    What are key features of this property?
    This property features: - Potential for commercial development at Myers Corner.; - Opportunity to combine lots for a total of 3.527 acres.; - Located on Jefferson Highway (Route 250) and new Lifecore Drive.
    (540) 292-5015
    Request Owner's contact information
    0-Lot 16 Hedgerow Dr Staunton, VA 24401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    0-Lot 16 Hedgerow Dr
    Staunton, VA 24401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    0-Lot 16 Hedgerow Dr Staunton, VA 24401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CHARLIE WARD
    CHARLIE WARD
    (540) 292-5015
    Learn more
    Google sign-in failed. Please try again or use another login method.