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    Office/Retail Suite Off Parkway Title is generated by Realmo AI

    36 PARKWAY LN, Fishersville, VA 22939

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    New
    For Lease
    $1.00 SF/Yr $145/Mo (calc)

    Office Space - FISHERSVILLE, VA

    Property size:
    1,750 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 36 PARKWAY LN

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    GB General Business
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MIKE ODONNELL
    MIKE ODONNELL

    Listing agent MIKE ODONNELL

    Listing office OLD DOMINION REALTY INC - AUGUSTA 19 MYERS CORNER DR, Fishersville, VA

    Listing date Jun 2, 2026

    MLS# 677916 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.

    HighLights

    • 1750 SF retail/office suite (suite 122) available for lease at 36 Parkway Lane
    • Suite 122 features central air conditioning
    • Location just off Lifecore Drive and facing Tinkling Spring Road near Augusta Health Hospital

    Overview

    A 1,750 SF retail/office suite is available for lease as suite 122. The space is positioned to support mixed commercial use, making it well-suited for office users who want direct storefront appeal or for retail operators seeking a professional environment.

    The suite is located at 36 Parkway Lane in Fishersville, Virginia. It sits just off Lifecore Drive and faces Tinkling Spring Road, providing prominent street visibility and convenient access. The property is near Augusta Health Hospital, reinforcing its usefulness for tenants who benefit from being close to an active healthcare center.

    With zoning designated as GB General Business, this location can work for a range of medical, office, or retail concepts. The layout and frontage are especially attractive for service-oriented businesses that want signage and easy customer approach, while the surrounding setting supports steady demand from both local and patient-driven traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Xpressions Dance Center Training Center Augusta Christian Academy High School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Dental Office Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishersville
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9839102
    Latitude
    38.0874385

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Stand-Alone Office/Retail Property

      Office/retail property with ample parking in a commercial corridor.
      13 LONG MEADOW RD, FISHERSVILLE, VA 22939
      View Details
    • $1.00 SF/Yr
      1,750 SF

      Newly Renovated Office Space

      Turnkey office space near I-64 and Augusta Health.
      36 PARKWAY LN, Fishersville, VA 22939
      View Details
    • Contact for pricing
      5,290 SF

      Medical/Office Space For Lease

      Medical/office space for lease in new construction near Augusta health.
      665 Lifecore Dr, Fishersville, VA 22939
      View Details

    FAQs

    What type of property is this?
    Office units - Ground-level suite offers retail-office versatility with strong visibility near a major healthcare presence.
    Where is this office units located?
    The property is located at 36 PARKWAY LN Fishersville, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: 1750 SF retail/office suite (suite 122) available for lease at 36 Parkway Lane; Suite 122 features central air conditioning; Location just off Lifecore Drive and facing Tinkling Spring Road near Augusta Health Hospital
    (540) 476-2644
    We can help!
    Listing Contact
    MIKE ODONNELL
    MIKE ODONNELL
    Real Estate License ID: 0225070878
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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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    36 PARKWAY LN, FISHERSVILLE, VA 22939
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