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    211 Tannery Rd Luray, VA 22835

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    For Sale
    $989,900

    Large commercial building with multiple units and expansion possibilities.

    Lot size:
    1.55 Acres

    Property Features for 211 Tannery Rd

    General Information

    Lot size
    1.55 Acres

    Building Details

    Year built
    2007

    Source: RE/MAX Gateway Agent Julia A McCaughan

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

    Overview

    Luray Commercial Building with Expansion Potential

    This large commercial building, zoned M1, provides 13,400 square feet of flex space, industrial, and warehouse area. The building is configured with seven large units on the front side, along with two rear-side garages, each measuring 15x50 feet. Units A and B each offer 40x50 square feet of space, 13-foot ceilings, two garage doors (10 ft. and 12 ft.), and bathrooms with a sink, toilet, and plumbing for a hot water heater and shower. Unit C includes front and rear 8-foot garage doors, 10-foot ceilings, and a bathroom with a sink, toilet, and plumbing for a hot water heater and shower. Units D through G feature 8-foot ceilings, 7-foot garage doors, and bathrooms with a sink, toilet, and plumbing for a hot water heater and shower. All units are well-insulated and equipped with separate electric meters and 5-ton HVAC systems. The two back garages are heated by gas wall units. Situated on a 1.55-acre lot, the property offers expansion possibilities. A storage building on the property is included.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4566669
    Latitude
    38.6671725

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    FAQs

    What type of property is this?
    Flex space - Large commercial building with multiple units and expansion possibilities.
    Where is this flex space located?
    The property is located at 211 Tannery Rd Luray, VA.
    What is the asking price?
    The asking price for this property is $989,900.
    What are key features of this property?
    This property features: - Zoned M1 commercial building with 13,400 sq. ft.; - 1.55 acre lot allows for expansion; - Seven front units and two rear garages (15x50 each)
    (540) 742-2803
    Request Owner's contact information
    211 Tannery Rd 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
    211 Tannery Rd Luray, VA 22835
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