Remodeled Commercial Property on Corner
429 N ROYAL Ave Front Royal, VA 22630
429 N ROYAL Ave, Front Royal, VA, 22630
$589,900
For Sale
$589,900
Versatile 3,300+ sq ft property with modern updates and expansion potential.
Property Size3,300 SF
Price / SF$178.76
Days on Market100
Property Features for 429 N ROYAL Ave
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1926
Listing agency
Preslee Real Estate
(540) 333-1093
Listed by
Brian Doman · License #0225217540
(540) 333-1093
Source
Elliman
Added: Apr 15 Updated: Jul 10 at 12:33PM Checked: Jul 22 at 11:08AM
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 Preslee Real Estate
Investment Insights
Based on property information with market context.
This remodeled commercial property is located on a desirable corner lot in Warren County. The stone bungalow, originally built in 1926, offers over 3,300 square feet of versatile space plus a partially finished basement. The property has high visibility and easy access to major high-traffic routes, including the I-66/I-81 corridor and Routes 340 and 522. The main level features a lobby/entrance, a conference room or private office, and refinished hardwood floors. A painted stone, wood-burning fireplace with mantel adds character, along with a sunroom. There is also a designated area suitable for a kitchen or breakroom, built-ins, and a stairwell leading to the upper level. The upper level includes four spacious offices or conference rooms, each with closets, a sitting area, and additional refinished hardwood flooring. A full bathroom with a stand-up shower and luxury vinyl plank flooring completes the upper level. Each level is equipped with its own HVAC system. The conditioned basement includes a bonus room, two storage rooms with luxury vinyl plank flooring, and an unfinished utility room with painted concrete flooring. Exterior features include a covered side porch, rear covered porch, and a front porch with columns, all with stair access. Additional highlights include a metal roof, rear fencing, and a 17’ x 21’ stone storage building with electricity. An additional vacant lot located at the rear of the property offers potential for parking, expansion, or future development. The property is somewhat walkable with a walk score of 54 and somewhat bikeable with a bike score of 32. The flexible layout allows for a variety of business uses.
Key Highlights
- High‑visibility corner lot location in Warren County with easy access to major highways.
- Versatile 3,300+ sq ft of remodeled commercial space with flexible layout.
- Additional vacant lot included, offering potential for parking, expansion, or future development.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.9k | $20.88 |
| − Vacancy | −$10.0k | −$3.03 |
| EGI | $58.9k | $17.85 |
| − OpEx | −$14.7k | −$4.46 |
| NOI | $44.2k | $13.39 |
3,300 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$631.2K
$552.3K – $736.4K
NOI $44,185 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.14M
NOI $128,304 @ 7.0% cap · market cap 21.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Front Royal-Warren Sentinel
Publishing House
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Versatile 3,300+ sq ft property with modern updates and expansion potential.
Where is this office building located?
The property is located at 429 N ROYAL Ave Front Royal, VA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: High‑visibility corner lot location in Warren County with easy access to major highways.; Versatile 3,300+ sq ft of remodeled commercial space with flexible layout.; Additional vacant lot included, offering potential for parking, expansion, or future development.