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

    419 Rappahannock Dr White Stone, VA 22578

    Sponsored
    For Sale
    $525,000

    Purchase,Commercial/Industrial - White Stone, VA

    Property size:
    3,330 SF
    Lot size:
    0.49 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 23 at 3:06 am

    Property Features for 419 Rappahannock Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMM
    Parking features
    Off Street
    Interior features
    Lighting, Mini Kitchen, Security Sys/Own, Window Treatments
    Exterior features
    Landscaped, Outside Storage
    Size
    3,330 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Zoned (Heating)
    Cooling system
    Central Air, Heat Pump, Zoned

    Building Details

    Year built
    1910
    Floors in Building
    2.5
    Number of units
    12
    Flooring type
    Bamboo, Hardwood, Laminate
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Patti Parsley

    Long & Foster Real Estate Inc.

    Listing agent Patti Parsley (757) 229-4400

    Listing date Dec 30, 2025

    MLS# 10553146 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. 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

    Renovated Victorian Mixed-Use Building

    This three-story renovated Victorian building is located on Rt. 3, between the Middle Peninsula and Northern Neck. It offers a versatile space suitable for retail, commercial, or investment purposes. The first floor features a main room with bamboo hardwood floors and LED lighting, along with additional side and rear rooms, and two bathrooms. The second floor includes seven offices, a kitchenette, and a full bathroom. The third floor offers three rooms and a bathroom, presenting potential as a studio apartment. Each floor is equipped with its own HVAC system. The building is equipped with fire and video cameras with DVR, upgraded electrical systems, power outlets around the exterior, and exterior lighting. A wrap-around covered front porch, side and rear sun deck, stage, and lawn areas provide space for events, complemented by a storage shed. The first floor and back deck are ADA accessible, including a wheelchair-friendly bathroom. Most spaces feature hardwood floors, windows, shades, and closets. Town water and sewer services are available, and broadband access is installed, with ethernet connections in most rooms. Currently, leased spaces on the 2nd and 3rd floor generate $1,300 monthly income. The property is situated on a 0.49-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allure Art Center Art Gallery

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Hotel & Motel

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

    Similar Places Nearby

    The WHARF

    Location Insight

    • Map
    • Local Demand
    City
    White Stone
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.388211
    Latitude
    37.649605

    Nearby Similar for Sale

    • $850,000
      Pending

      Turn-Key Restaurant and Event Center

      Existing bar, restaurant, and event center in prime location.
      606 Chesapeake Dr, White Stone, VA 22578
      View Details
    • $525,000
      0.49 Acres

      Renovated Victorian in White Stone

      Three-story renovated Victorian suitable for retail, commercial, or investment.
      419 Rappahannock Dr, White Stone, VA 22578
      View Details
    • $525,000
      0.49 Acres

      Renovated Victorian Property on Rt. 3

      Three-story renovated Victorian property with retail, office, and residential potential.
      419 Rappahannock Dr, White Stone, VA 22578
      View Details
    • $895,000
      10,940 SF

      Versatile Commercial Property on Route 200

      Commercial property with two buildings, ample parking, and high visibility.
      140 Chesapeake Dr, White Stone, VA 22578
      View Details
    • $175,000
      1.60 Acres

      Lancaster, VA Farm Land

      1.6 acre lot near Windmill Point Marina.
      Windmill Point Rd, White Stone, VA 22578
      View Details

    FAQs

    What type of property is this?
    Storefront property - Three-story renovated Victorian with retail, office, and residential potential.
    Where is this storefront property located?
    The property is located at 419 Rappahannock Dr White Stone, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High-traffic location on Rt. 3, ideal for retail, commercial, or investment purposes.; - Income-generating property with existing leases on the 2nd & 3rd floors providing $1,300 monthly income.; - Versatile 3-story renovated Victorian suitable for storefront, rental income, event center, or owner-occupied residence.
    (757) 229-4400
    Request Owner's contact information
    419 Rappahannock Dr White Stone, VA 22578
    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.
    419 Rappahannock Dr
    White Stone, VA 22578
    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
    419 Rappahannock Dr White Stone, VA 22578
    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
    Patti Parsley
    Real Estate License ID: 0225052292
    (757) 229-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.