Renovated Mixed-Use
New
For Sale
$364,000
1101 Royal Ave N, Front Royal, VA 22630
An open-concept layout and finished basement provide living and workspace options, with off-street parking on site.
Property Size2,400 SF
Price / SF$151.67
Days on Market5
Property Features for 1101 Royal Ave N
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1940
Listing Agency:
Compass
Listed By:
Janaina Gutu
(240) 475-7575
Source:
Kandorre
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 11:48PM
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 Compass
Investment Insights
Based on property information with market context.
At 1101 Royal Ave N in Front Royal, this 2,400-square-foot property was built in 1940 and has been renovated. Its open-concept interior includes a finished basement that can serve as additional living or work area. The property is described as having both residential and commercial zoning, with off-street parking and a backyard.
Key Highlights
- 2,400 square feet of interior space
- Residential and commercial zoning
- Finished basement with potential for living or work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,134
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,680
$642.7K
Cap Rate 7%
$459,057
$459.1K
Cap Rate 9%
$357,044
$357.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$50.1K $20.88/SF
− Vacancy
−$7.3K −$3.03/SF
EGI
$42.8K $17.85/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $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%
$642,680
Cap Rate 7%
$459,057
Cap Rate 9%
$357,044
Alternative Uses
Best Use
Mixed Use
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 11.50%
Second Best
Office B
$459.1K
$401.7K – $535.6K
NOI $32,134 @ 7.0% cap · market cap 8.83%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap · market cap 25.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
664
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An open-concept layout and finished basement provide living and workspace options, with off-street parking on site.
Where is this mixed-use property located?
The property is located at 1101 Royal Ave N Front Royal, VA.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: 2,400 square feet of interior space; Residential and commercial zoning; Finished basement with potential for living or work area
