Two-Story Office
824 John Marshall Hwy Front Royal, VA 22630
New
For Sale
$1,250,000
Two-story office building with 7 small second-floor suites and a first-floor space available for lease.
Property Size8,244 SF
Lot Size0.66 Acres
Price / SF$151.63
Days on Market7
Property Features for 824 John Marshall Hwy
General Information
Standard status
Active
Size
8,244 SF
Lot size
0.66 Acres
Building Details
Year Built
1990
Listing Agency:
Oakcrest Commercial Real Estate
(540) 667-2424
Listed By:
Suzanne H Conrad · License #0225185925
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 26 at 2:02PM
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 Oakcrest Commercial Real Estate
Investment Insights
Based on property information with market context.
This two-story office building totals 8,244 SF on 0.66 acres and is described as being in excellent condition. The first floor includes approximately 4,000 SF available for lease. The second floor contains 7 small suites, with 6 currently leased.
The property is located at the intersection of Commerce and John Marshall Highway in Front Royal, VA. Parking is available in both the front and rear of the building.
The configuration supports both owner-user use and investment, with established occupancy on the upper level and a leasing opportunity on the main level.
The property is located at the intersection of Commerce and John Marshall Highway in Front Royal, VA. Parking is available in both the front and rear of the building.
The configuration supports both owner-user use and investment, with established occupancy on the upper level and a leasing opportunity on the main level.
Key Highlights
- Two‑story office building built in 1990 with 8,244 SF on 0.66 acres
- Intersection location at Commerce and John Marshall Highway
- First floor offers approximately 4,000 SF available for lease
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 | $172.1k | $20.88 |
| − Vacancy | −$25.0k | −$3.03 |
| EGI | $147.2k | $17.85 |
| − OpEx | −$36.8k | −$4.46 |
| NOI | $110.4k | $13.39 |
8,244 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,381 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.58M
$4.01M – $5.34M
NOI $320,527 @ 7.0% cap · market cap 25.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with 7 small second-floor suites and a first-floor space available for lease.
Where is this office building located?
The property is located at 824 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: Two‑story office building built in 1990 with 8,244 SF on 0.66 acres; Intersection location at Commerce and John Marshall Highway; First floor offers approximately 4,000 SF available for lease
