Add Listing
    For Lease
    • 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

    9972 SPOTSWOOD TRL Mcgaheysville, VA 22840

    View on Map
    For Lease
    $1.00 SF/Yr

    Building - MCGAHEYSVILLE, VA

    Added:
    Mar 20, 2021
    Days on Market:
    1839
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 9972 SPOTSWOOD TRL

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B-2 Rural Business District
    Standard status
    Active
    APN
    142A1-(A)- L33A

    Taxes and HOA fees

    Expense value
    3.5
    Expense
    Common Area Maintenance Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Craig Anders
    Craig Anders

    Listing agent Craig Anders License #0225231207

    Listing office Cottonwood Commercial LLC 1960 Evelyn Byrd Ave, Harrisonburg, VA

    Listing date Mar 20, 2021

    MLS# 614982 Listing URL

    Copyright © 2026 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

    Turn Key Bank Space

    This property offers 1,500 to 3,000 square feet of turn-key bank space. It is located approximately one and a half miles from the entrance of Massanutten Resort, which attracts an estimated 1,000,000 visitors annually. The space features a mix of open areas and private offices, making it suitable for various business types. It includes four dedicated teller stations and a large walk-in safe, making it well-equipped for continued use as a bank. The exterior includes three drive-through aisles for customer convenience. Situated on 33 East, the location benefits from a daily traffic count of 22,000 vehicles. The property is located in McGaheysville, VA and is zoned B-2 Rural Business District. The center is currently home to tenants in various industries, including medical, food, and insurance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mcgaheysville
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.7300741
    Latitude
    38.3746361

    Nearby Similar for Lease

    • $1.00/mo

      Turn-Key Office Space Available

      Move-in ready office space near Massanutten Resort.
      9986 SPOTSWOOD TRL, MCGAHEYSVILLE, VA 22840
      View Details
    • $1.00/mo

      Industrial Space Near Merck & MillerCoors

      Industrial space ideal for various service operations, available immediately.
      1446 JACOB BURNER DR, MCGAHEYSVILLE, VA 22840
      View Details
    • $1.00/mo

      Versatile Shop Space For Lease

      3730 SF shop space ideal for mechanic or storage.
      9875 CAVE HILL RD, MCGAHEYSVILLE, VA 22840
      View Details
    • $1.00/mo

      Shop/Storage Space with Crane

      Shop/storage space for lease with 3-ton crane.
      9875 CAVE HILL RD, MCGAHEYSVILLE, VA 22840
      View Details
    • $1.00/mo

      Industrial Space Near Major Employers

      Industrial space ideal for manufacturing, maintenance, or fabrication.
      806 ISLAND FORD RD, MCGAHEYSVILLE, VA 22840
      View Details
    • $10/mo

      Industrial Space Near Major Companies

      Industrial space for lease near Merck & MillerCoors.
      1071 Jacob Burner Dr, Mcgaheysville, VA
      View Details

    FAQs

    What type of property is this?
    Bank - 1500-3,000 SF space near Massanutten Resort.
    Where is this bank located?
    The property is located at 9972 SPOTSWOOD TRL Mcgaheysville, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Turn‑key bank space available (1500‑3,000 SF); Located 1.5 miles from Massanutten Resort entrance, enjoying high visitor traffic; **High traffic location:** 22,000 cars pass by daily on Route 33 East
    (540) 383-6054
    We can help!
    Listing Contact
    Craig Anders
    Craig Anders
    Real Estate License ID: 0225231207
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!