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    508 N Commerce Ave Front Royal, VA 22630

    For Sale
    $825,000

    Versatile commercial building with high visibility and income potential.

    Property size:
    3,143 SF
    Lot size:
    0.52 Acres

    Property Features for 508 N Commerce Ave

    General Information

    Size
    3,143 SF
    Lot size
    0.52 Acres

    Source: OakCrest Commercial Real Estate Agent Brett Haynes

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

    Overview

    Downtown Front Royal Commercial Property

    Located at the corner of North Commerce Avenue and East 5th Street in downtown Front Royal, this commercial property features a single-story building with approximately 3,143 square feet of space on a 0.5165-acre lot. Zoned C1, the property allows for office, retail, or mixed-use applications. The location benefits from high visibility and accessibility, with a traffic count of 15,246 vehicles per day. It is situated three blocks from the Warren County Government Center and the U.S. Post Office. The building includes seven private offices, a conference room, two restrooms (one handicap accessible), an entry vestibule, and a small lobby area. A 375 square foot drive-through banking suite is currently leased to First Bank through September 2027, with extension options through 2030, providing rental income. Utilities include public water and sewer, electric, and oil heat. Shared monument signage is available. With 12% of the building currently leased, the property offers opportunities for owner-users or investors seeking additional leasing potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Royal Oak Properties ... Real Estate Agency Ramsey Construction General Contractor First Bank Bank

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.1916822
    Latitude
    38.9252901

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    FAQs

    What type of property is this?
    Bank - Versatile commercial building with high visibility and income potential.
    Where is this bank located?
    The property is located at 508 N Commerce Ave Front Royal, VA.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Prime downtown location with **high visibility and accessibility** on the corner of North Commerce Avenue and East 5th Street.; - Zoned C1, offering flexibility for office, retail, or mixed-use applications.; - Existing lease with First Bank (375 SF drive-through) provides stable rental income through September 2027, with extension options.
    (540) 247-1756
    Request Owner's contact information
    508 N Commerce Ave Front Royal, VA 22630
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    Front Royal, VA 22630
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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
    508 N Commerce Ave Front Royal, VA 22630
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