Office-Warehouse Flex
New
For Sale
$1,200,000
20 E 8TH STREET, Front Royal, VA 22630
Administrative space connects with a warehouse/shop area and grade-level loading access.
Property Size10,872 SF
Price / SF$110.38
Days on Market6
Property Features for 20 E 8TH STREET
General Information
Standard status
Active
Size
10,872 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Drive-In Doors
1
Building Details
Year Built
1940
Buildings
1
Building Size
10,872 SF
Listing Agency:
Keller Williams Realty
(703) 636-7300
Listed By:
Benedict Ferri · License #0225241635
(540) 671-8135
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:21PM
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
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Investment Insights
Based on property information with market context.
At 20 E 8th Street, this 10,872-square-foot flex property brings office and warehouse/shop space together in one building. The warehouse area has grade-level access through an overhead garage door. Built in 1940, the property is zoned C-1.
The building is in Front Royal near N Royal Avenue and N Commerce Avenue. It is offered for sale, with a separate lease offering also noted.
The building is in Front Royal near N Royal Avenue and N Commerce Avenue. It is offered for sale, with a separate lease offering also noted.
Key Highlights
- Approximately 10,872 square feet of office and warehouse/shop space
- Warehouse area has grade‑level access and an overhead garage door
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,448
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,960
$2.2M
Cap Rate 7%
$1,549,257
$1.5M
Cap Rate 9%
$1,204,978
$1.2M
Market Conditions
NOI Build-Up for 10,872 SF
Gross rent
$163.1K $15.00/SF
− Vacancy
−$8.2K −$0.75/SF
EGI
$154.9K $14.25/SF
− OpEx
−$46.5K −$4.27/SF
NOI
$108.4K $9.98/SF
Area
Warren County, VA
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,960
Cap Rate 7%
$1,549,257
Cap Rate 9%
$1,204,978
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,499 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,017 @ 7.0% cap · market cap 9.50%
Theoretical Best
Specialty Retail
$6.04M
$5.28M – $7.05M
NOI $422,703 @ 7.0% cap · market cap 35.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Administrative space connects with a warehouse/shop area and grade-level loading access.
Where is this flex space located?
The property is located at 20 E 8TH STREET Front Royal, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 10,872 square feet of office and warehouse/shop space; Warehouse area has grade‑level access and an overhead garage door; C‑1 zoning
