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    10937 Valley Pike NORTH Broadway, VA 22815

    For Lease
    $1.00 SF/Yr ($15,137 /Mo)

    Building - BROADWAY, VA

    Lot size:
    4.17 Acres
    Days on Market:
    177
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 10937 Valley Pike NORTH

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1 Commercial
    APN
    67 A 11
    Lot size
    4.17 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Flooring type
    Other
    Building materials
    Stone
    Architectural style
    Other

    Cottonwood Commercial LLC (540) 434-9922

    Listing agent Chad Dunham (540) 434-9922 License #0225266331

    Listing date Jun 12, 2025

    MLS# 649085 Listing URL

    Copyright © 2025 Harrisonburg-Rockingham 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.

    Overview

    Restaurant Space with Drive-Thru Lanes

    This commercial property, formerly a Burger King, presents an opportunity for restaurant or other commercial uses. It features two drive-thru lanes and is located adjacent to a Liberty Gas Station/Convenience Store and Travel Plaza. The property spans over 4 acres and is conveniently situated immediately off Interstate 81 at exit 257. A large, high-rise sign, approximately 60 feet tall, is visible from I-81, which has an Average Annual Daily Traffic count of 51,864. The use of furniture, furnishings, and most equipment is included with the lease. The property is zoned B-1 Commercial. The lease rate is 7.5% of gross sales per month for the first year, then 8% of gross sales per month for years 2 and beyond, paid monthly. The property is located in Broadway, VA.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Auto Repair Shop Convenience Store Bakery Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broadway
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.7427856
    Latitude
    38.5655903

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    FAQs

    What type of property is this?
    Drive through restaurant - Former Burger King with drive-thru, near I-81, great potential.
    Where is this drive through restaurant located?
    The property is located at 10937 Valley Pike NORTH Broadway, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location immediately off I-81 (Exit 257) with high traffic volume and large high-rise sign.; - Two drive-thru lanes, ideal for QSR use.; - Oversized parking and adjacency to Liberty Gas Station/Convenience Store and Travel Plaza.
    (540) 434-9922
    Request Owner's contact information
    10937 Valley Pike NORTH Broadway, VA 22815
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    Broadway, VA 22815
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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
    10937 Valley Pike NORTH Broadway, VA 22815
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