Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Commercial Space in Mount Jackson Title is generated by Realmo AI

    5950 MAIN St, Mount Jackson, VA 22842

    View on Map
    Claim this Listing
    For Lease
    $795 /Mo

    Updated retail space in a vibrant downtown location.

    Type:Commercial
    Lot size:
    0.14 Acres
    Added:
    May 20, 2026
    Days on Market:
    9
    Last Refresh:
    May 20 at 4:18 am

    Property Features for 5950 MAIN St

    General Information

    Standard status
    Active
    Lot size
    0.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Donna D Leeds-Shipe

    Listing agent Donna D Leeds-Shipe

    Listing office

    Listing date May 20, 2026

    Source Elliman

    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 Donna D Leeds-Shipe

    HighLights

    • Prime downtown location in Mount Jackson with high foot traffic and easy access to amenities.
    • Recent renovation in 2020 ensures modern standards and very good condition.
    • Ample parking with both on‑street options and a paved parking lot.
    • Well‑maintained 0.14‑acre lot with attractive landscaping and curb appeal.
    • Durable construction with laminated flooring for a clean, professional environment.
    • Security features include installed smoke detectors.

    Overview

    This commercial lease opportunity is located in the heart of Mount Jackson. Originally built in 1948, the property was significantly renovated in 2020, ensuring a very good condition. Situated on a level 0.14-acre lot, the property features well-maintained landscaping. The downtown setting places the property in close proximity to a vibrant community, with local shops, restaurants, and essential services nearby. This location attracts foot traffic and offers easy access to main thoroughfares, enhancing visibility and convenience. The building is constructed with durable frame materials and features laminated flooring throughout. Security is prioritized with smoke detectors installed. Parking is available with on-street parking and a paved parking lot. This property is versatile for a range of commercial uses. This listing presents an opportunity to establish or expand your business in a thriving downtown area.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Skin Care Clinic Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Jackson
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.6423235
    Latitude
    38.7462966

    Nearby Similar for Lease

    • $2,100/Mo
      9,958 SF

      Multi-Use Commercial Space in Virginia

      Versatile 9,958 sq ft property in central Mount Jackson.
      5930 MAIN Street, MOUNT JACKSON, VA 22842
      View Details
    • $2,250/Mo

      Victorian Property on Main Street

      Historic Victorian property suitable for various commercial uses.
      5997 MAIN Street, MT JACKSON, VA 22842
      View Details
    • $2,100/Mo
      9,958 SF

      Versatile Commercial Space in Mt Jackson

      Multi-use property in Mt Jackson, VA, ideal for various businesses.
      5930 Main St, MOUNT JACKSON, VA 22842
      View Details

    FAQs

    What type of property is this?
    Storefront property - Updated retail space in a vibrant downtown location.
    Where is this storefront property located?
    The property is located at 5950 MAIN St Mount Jackson, VA.
    What is the lease rate?
    The lease rate is $795 /Mo.
    What are key features of this property?
    This property features: Prime downtown location in Mount Jackson with high foot traffic and easy access to amenities.; Recent renovation in 2020 ensures modern standards and very good condition.; Ample parking with both on‑street options and a paved parking lot.
    (540) 335-9367
    We can help!
    Listing Contact
    Donna D Leeds-Shipe
    Learn More
    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
    5950 MAIN St, Mount Jackson, VA 22842
    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!