Historic Office
For Sale
Contact for pricing
106 CHESTER ST #3, Front Royal, VA 22630
Main-level offices include a private bathroom and a marble foyer in a building dating to 1865.
Property Size680 SF
Price / SF$1.32
Days on Market8
Property Features for 106 CHESTER ST #3
General Information
Standard status
Active
Size
680 SF
Property subtype
Commercial
Additional Details
Floor
Main Level
Amenities
marble foyer
full bathroom
Building Details
Year Built
1865
Listing Agency:
RE/MAX Real Estate Connections
(703) 659-1109
Listed By:
John W Cantrell · License #0225-122338
(703) 257-7227
Source:
Cummingsrealtors
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 9:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Connections
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Investment Insights
Based on property information with market context.
This 680-square-foot office suite occupies the main level of a building constructed in 1865. Its layout includes a 21-by-18-foot primary office, two adjoining smaller rooms, and a full bathroom. A marble foyer serves the building’s entrance.
The suite is at 106 Chester St. in Front Royal, one block from Main Street and the town gazebo. The courthouse and town hall are within walking distance, as are downtown shops and restaurants.
The suite is at 106 Chester St. in Front Royal, one block from Main Street and the town gazebo. The courthouse and town hall are within walking distance, as are downtown shops and restaurants.
Key Highlights
- 680‑square‑foot office suite on the main level
- 21‑by‑18‑foot main office with two adjoining smaller offices
- Full bathroom within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,105
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,100
$182.1K
Cap Rate 7%
$130,071
$130.1K
Cap Rate 9%
$101,167
$101.2K
Market Conditions
NOI Build-Up for 680 SF
Gross rent
$14.2K $20.88/SF
− Vacancy
−$2.1K −$3.03/SF
EGI
$12.1K $17.85/SF
− OpEx
−$3.0K −$4.46/SF
NOI
$9.1K $13.39/SF
Area
Warren County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,100
Cap Rate 7%
$130,071
Cap Rate 9%
$101,167
Alternative Uses
Best Use
Office B
$130.1K
$113.8K – $151.8K
NOI $9,105 @ 7.0% cap · market cap 1,017.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 2,953.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Main-level offices include a private bathroom and a marble foyer in a building dating to 1865.
Where is this office units located?
The property is located at 106 CHESTER ST #3 Front Royal, VA.
What are key features of this property?
This property features: 680‑square‑foot office suite on the main level; 21‑by‑18‑foot main office with two adjoining smaller offices; Full bathroom within the suite
