Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Property Near Skyline Drive Title is generated by Realmo AI

    865 John Marshall Hwy, Front Royal, VA 22630

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    High-visibility commercial property suitable for retail, restaurant, or hospitality.

    Type:Commercial
    Lot size:
    0.69 Acres
    Added:
    Sep 19, 2024
    Days on Market:
    624
    Last Refresh:
    May 11 at 12:47 am

    Property Features for 865 John Marshall Hwy

    General Information

    Standard status
    Active
    Lot size
    0.69 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    ELIZABETH M WALLER

    Listing agent ELIZABETH M WALLER License #0225228276

    Listing office KELLER WILLIAMS REALTY/LEE BEAVER & ASSOC.

    Listing date Sep 19, 2024

    Source Corcoran

    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 KELLER WILLIAMS REALTY/LEE BEAVER & ASSOC.

    HighLights

    • Prime Location: High‑traffic area for tourists traveling from DC to Shenandoah National Park/Skyline Drive and Shenandoah River State Park.
    • Versatile Potential: Suitable for retail, restaurant, bank, convenience store, gas station, office, boutique hotel, farm market, vape store, drive‑through, or Tesla supercharging station.
    • Creative Sale/Lease Options: Seller motivated and willing to consider creative terms, including owner financing with 60% down and reduced $7k NNN lease.
    • Established Restaurant: Currently houses a popular restaurant with an 18+ year history; restaurant equipment is negotiable.
    • Updated Property: Remodeled and updated in 2021, featuring a banquet/meeting room, main dining space, and a large kitchen/prep area.
    • Excellent Accessibility: Approximately 4 miles from I‑66 exits 13 and 6, and 11 miles from the I‑66/I‑81 intersection; under 70 miles from Washington DC and 55 miles from Washington Dulles International Airport.

    Overview

    This 0.69-acre commercial property is located in a prime location with high visibility. The property is situated near the intersection of Rt 55 and Rt 522, adjacent to a gas station and shopping center that includes Big Lots and Harbor Freight. It is approximately 4 miles from both I-66 Exit 13 and Exit 6, and 11 miles from the I-66 and I-81 intersection, placing it under 70 miles from Washington DC and 55 miles from Washington Dulles International Airport. The property is currently home to a popular restaurant that has been in operation for over 18 years, and was remodeled and updated in 2021. The existing layout includes a 38x36 banquet/meeting room with separate restrooms and a second bar area, accessible through double doors, that could function as an independent space with a private entrance and access to potential outdoor seating. The main dining space measures 37x34 and features a 24 ft bar area and private restrooms. A large kitchen/prep/storage/office area includes a rear entrance and access to a partial basement for additional storage. The property offers excess parking with 60+ spaces possible. The location is ideal for various businesses, including retail, restaurants, banks, convenience stores, gas stations, offices, boutique hotels, farm markets, vape stores, or even a Tesla supercharging station. The property features prominent signage and billboard space and benefits from being a corner lot near a busy intersection. Additional acreage may be available via boundary adjustment with the adjacent landowner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Soul Mountain Restaurant ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.1824
    Latitude
    38.9099

    Nearby Similar for Sale

    • $645,000

      Farmhouse on 9.5 Acres

      Country home with barn, garage, and fenced acreage.
      485 ESTEPPE RD, FRONT ROYAL, VA 22630
      View Details
    • $400,000

      Versatile Commercial Property in Front Royal

      Commercial property with flexible layout, parking, and expansion potential.
      303 W 10TH St, Front Royal, VA 22630
      View Details
    • $589,900
      3,300 SF

      Remodeled Commercial Property on Corner Lot

      Versatile 3,300+ sq ft property with modern updates and expansion potential.
      429 N ROYAL Ave, Front Royal, VA 22630
      View Details
    • $27,000

      Residential Lot in Shenandoah Shores

      0.31-acre corner lot with river access near Shenandoah National Park.
      LOCUST GROVE Road, FRONT ROYAL, VA 22630
      View Details
    • $369,000
      2,788 SF

      Versatile Industrial Building For Sale

      2,788 SF industrial building suitable for light commercial operations.
      606 MASSANUTTEN, Front Royal, VA 22630
      View Details
    • $268,500

      Paved-Frontage Wooded Building Lots

      Three fully wooded lots with paved road frontage and elevated rear building sites for custom homes.
      3 Lots - 59, 60, 61 BALDWIN Road, FRONT ROYAL, VA 22630
      View Details
    • $825,000
      3,143 SF

      Downtown Front Royal Commercial Property

      Versatile commercial building with high visibility and income potential.
      508 N Commerce Ave, Front Royal, VA
      View Details
    • $925,000
      8,325 SF

      Historic Downtown Front Royal Property

      Historic 8,325+- sf marquee property in downtown Front Royal, VA.
      305-307 MAIN E STREET, FRONT ROYAL, VA 22630
      View Details
    • $229,000

      Front Royal Land with Views

      3.6-acre lot with mountain views in Front Royal, VA.
      HAPPY CREEK Road, FRONT ROYAL, VA 22630
      View Details
    • $329,000

      Renovated Commercial Property in Front Royal

      C-1 zoned property with renovation, ideal for commercial use.
      518 Warren Ave, FRONT ROYAL, VA 22630
      View Details
    • $2,450,000

      Future Commercial Lot Opportunity

      Commercial land for sale near retail stores, future zoning change.
      167 CEDAR PARK Court, FRONT ROYAL, VA 22630
      View Details
    • $42,000

      Land in Front Royal, VA

      0.8 acre commercial land for sale in Front Royal.
      MOUNTAIN HEIGHTS Road lot: 33, FRONT ROYAL, VA 22630
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - High-visibility commercial property suitable for retail, restaurant, or hospitality.
    Where is this conventional restaurant located?
    The property is located at 865 John Marshall Hwy Front Royal, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Prime Location: High‑traffic area for tourists traveling from DC to Shenandoah National Park/Skyline Drive and Shenandoah River State Park.; Versatile Potential: Suitable for retail, restaurant, bank, convenience store, gas station, office, boutique hotel, farm market, vape store, drive‑through, or Tesla supercharging station.; Creative Sale/Lease Options: Seller motivated and willing to consider creative terms, including owner financing with 60% down and reduced $7k NNN lease.
    (703) 330-2222
    We can help!
    Listing Contact
    ELIZABETH M WALLER
    Real Estate License ID: 0225228276
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    865 John Marshall Hwy, FRONT ROYAL, VA 22630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!