Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27 S Royal Ave Front Royal, VA 22630

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,200 /Mo

    Two floors of professional office space available for rent.

    Lot size:
    0.21 Acres

    Property Features for 27 S Royal Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.21 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Susan L Laurence
    Source: Elliman

    Listing Agency: KEY MOVE PROPERTIES, LLC. Listing Agent: Susan L Laurence

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

    Learn more

    Overview

    Professional Office Space For Rent

    Two floors of professional office space are available for rent, suitable for accounting, tax offices, medical or chiropractic practices, legal firms, or other professional services. The property is in a prime location near the Warren County Courthouse. Each floor is available for $2,200 per month, including utilities and parking, but excluding internet. The 2nd and 3rd floor units are available immediately, each featuring private unit entrances and access to a shared community lobby. The property includes a shared kitchen and common areas maintained by the owner. The owner prefers a 3-year lease for this quiet, professional building, ideal for businesses seeking convenience, professionalism, and affordability.
    Location Intelligence

    Current Use by Public Records

    Exceed Home Loans ... Loan Service USA Carpet & Rug Carpet & Flooring Store Gregory Lynch, Finance ... Loan Service Go Mortgage LLC Loan Service Jennifer Brady Smith: ... Insurance Agency

    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
    -78.1937308
    Latitude
    38.9170842

    Nearby Similar for Lease

    • $2,100 /Mo
      11,761 SF

      Move-in Ready Office in Front Royal

      Well-maintained office space with ample parking and high visibility.
      123 E 6Th St, Front Royal, VA 22630
      View Details
    • $7,000 /Mo
      30,056 SF

      Prime Commercial Location, Front Royal

      High-visibility commercial property suitable for various business ventures.
      865 John Marshall Hwy, Front Royal, VA 22630
      View Details
    • New
      $5,561 /Mo
      66,211 SF

      Retail Space in Riverton Commons

      Retail space in a high-traffic shopping center near major anchors.
      145 Riverton Cmns Dr, Front Royal, VA 22630
      View Details
    • $495 /Mo
      14,810 SF

      Historic Office Space in Front Royal

      Main level office space in historic Front Royal building.
      106 Chester St, Front Royal, VA 22630
      View Details
    • $2,100 /Mo

      Move-in Ready Office Space Available

      Single-story office with ample parking and high visibility.
      123 E 6Th St, Front Royal, VA 22630
      View Details
    • $3,000 /Mo

      Golf Course Home for Rent

      Furnished 3BR home on golf course, ideal for business.
      134A Golf Club Cir, Front Royal, VA 22630
      View Details
    • $2,500 /Mo

      Front Royal Office Space Available

      1500 sq ft office space for lease September 1st.
      422 Laura Virginia Hale Pl, Front Royal, VA 22630
      View Details
    • $1,300 /Mo

      Retail Space in Cedarville Corners

      Retail space for lease in growing commercial area.
      8506 Winchester Rd, Front Royal, VA 22630
      View Details
    • $5,999 /Mo

      Retail/Office/Restaurant Building For Lease

      2,699+-sf building on 1 acre, high-traffic location.
      22 W 14Th St, Front Royal, VA 22630
      View Details
    • $3,800 /Mo

      Warehouse and Office/Retail Space

      Warehouse and office/retail space available for rent.
      20 E 8Th St, Front Royal, VA 22630
      View Details
    • $12 SF/Yr
      1,181 SF

      Commercial Space in High-Traffic Area

      End-cap commercial space available in a busy commercial corridor.
      8506 Winchester Rd, Front Royal, VA 22630
      View Details
    • $33 SF/Yr
      2,699 SF

      Retail/Office/Restaurant Building For Lease

      2,699 SF retail/office/restaurant building on 1 acre for lease.
      W 14Th St, Front Royal, VA 22630
      View Details

    FAQs

    What type of property is this?
    Office units - Two floors of professional office space available for rent.
    Where is this office units located?
    The property is located at 27 S Royal Ave Front Royal, VA.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: - Prime location near Warren County Courthouse.; - Two full floors of professional office space available immediately.; - Rent includes utilities and parking.
    (540) 692-8186
    Request Owner's contact information
    27 S Royal Ave Front Royal, VA 22630
    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.
    27 S Royal Ave
    Front Royal, VA 22630
    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
    27 S Royal Ave Front Royal, VA 22630
    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

    We can help!
    Listing Contact
    Susan L Laurence
    (540) 692-8186 (540) 671-7559
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!