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    1462 Us Highway 211 W Luray, VA 22835

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    For Lease
    $12 SF/Yr

    Retail spaces available in a high-traffic shopping center.

    Property size:
    43,312 SF
    Lot size:
    43,312 SF

    Property Features for 1462 Us Highway 211 W

    General Information

    Size
    43,312 SF

    Building Details

    Year built
    1972

    Source: Jim Guisewhite Agent Jim Guisewhite

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dominant Shopping Center Retail Space

    Luray Shopping Center is a prominent shopping destination situated along Route 211, near Walmart. Anchored by Food Lion, Marshall’s Department Store, Tractor Supply, and CVS, the center also benefits from outparcels including Truist Bank, Taco Bell, and Dollar General, enhancing its regional draw. Spaces are available for immediate occupancy, including 900 square feet, 1,487 square feet, and two 1,800 square feet in-line spaces. The landlord is open to various commercial uses within the center. The location on Highway 211 West provides high visibility, especially with its proximity to Luray Caverns. As the primary grocery-anchored shopping center in the Luray area, it benefits from consistent traffic driven by grocery, retail, farming, and pharmacy services. A brand new Marshall’s Department Store is scheduled to open in Fall 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Similar Places Nearby

    West Luray Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4980113
    Latitude
    38.6610633

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in a high-traffic shopping center.
    Where is this shopping center located?
    The property is located at 1462 Us Highway 211 W Luray, VA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Dominant shopping center anchored by Food Lion, Marshall’s, Tractor Supply, and CVS.; - Located on highly visible Rte. #211 near Luray Caverns.; - Outparcels include Truist Bank, Taco Bell, and Dollar General, increasing regional draw.
    (540) 325-0573
    Request Owner's contact information
    1462 Us Highway 211 W Luray, VA 22835
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    Luray, VA 22835
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    Realmo Value Estimation

    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.

    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.

    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
    1462 Us Highway 211 W Luray, VA 22835
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