Your AI Navigator in Commercial Real Estate
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

    101 Burgess Rd Harrisonburg, VA 22801

    For Sale
    $3,243,000

    Restaurant property with a new long-term lease and annual rent increases.

    Property size:
    7,276 SF
    Lot size:
    3.11 Acres

    Property Features for 101 Burgess Rd

    General Information

    Size
    7,276 SF
    Lot size
    3.11 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

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

    Overview

    Harrisonburg Restaurant Investment Opportunity

    This property is occupied by a restaurant tenant who recently signed a new 10-year lease, with three 5-year options to extend. The lease includes 2% annual rental increases throughout the initial term and option periods. The tenant, First Watch, operates over 570 locations throughout the United States. The property contains 7,276 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Harrisonburg
    State
    Virginia
    Longitude
    -78.8494744
    Latitude
    38.4340919

    Nearby Similar for Sale

    • $1,550,000
      9,456 SF

      Turnkey Inn Investment Opportunity

      Renovated inn with seven rentable units in Harrisonburg, VA.
      491 Garbers Church Rd, Harrisonburg, VA 22801
      View Details
    • $522,000
      2,484 SF

      7-Bedroom Multifamily Property Near JMU

      Profitable rental property near James Madison University.
      728 Foley Rd, Harrisonburg, VA 22801
      View Details
    • $522,000
      2,484 SF

      7-Bedroom Multifamily Property Near JMU

      Spacious 7-bedroom multifamily property near James Madison University.
      728 Foley Rd, Harrisonburg, VA 22801
      View Details
    • New
      $2,200,000
      7,197 SF

      Harrisonburg Office Building For Sale

      7,200 SF professional office building in high-traffic location.
      530 Neff Ave, Harrisonburg, VA 22801
      View Details
    • New
      $950,000
      4,960 SF

      Downtown Harrisonburg Office Building For Sale

      Two-story office building in downtown Harrisonburg with income potential.
      66 W Water St, Harrisonburg, VA 22801
      View Details
    • $629,900
      2,475 SF

      Turn-Key Medical Office Condo

      Fully equipped medical suite in a thriving commercial area.
      1947 Medical Ave, Harrisonburg, VA 22801
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Restaurant property with a new long-term lease and annual rent increases.
    Where is this breakfast & diner located?
    The property is located at 101 Burgess Rd Harrisonburg, VA.
    What is the asking price?
    The asking price for this property is $3,243,000.
    What are key features of this property?
    This property features: - Brand new 10-year lease with 3 (5-year) options to extend, showcasing tenant commitment.; - Enjoy 2% annual rental increases throughout the initial term and option periods.; - Benefit from steady growth of Net Operating Income (NOI).
    (202) 286-1542
    Request Owner's contact information
    101 Burgess Rd Harrisonburg, VA 22801
    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.
    101 Burgess Rd
    Harrisonburg, VA 22801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    101 Burgess Rd Harrisonburg, VA 22801
    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
    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.