Building Details

Building Size 1,640 SF

Listing Agency: Cottonwood Commercial LLC

Listed By: Craig Anders · License #0225231207 Show Phone

Source: Tcnworldwide

Added: Sep 25, 2025 Changed: Sep 11 Last Checked: Oct 5 at 4:14PM

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Investment Insights

Based on property information with market context.

This is a newly constructed one-level living duplex featuring 3 bedrooms and 2 full bathrooms. Built by a local craftsman, Tom Hoover, the duplex boasts high ceilings, LVP flooring, and high-end finishes throughout, complemented by a brick exterior. The open floor plan seamlessly connects the living room and kitchen, ideal for entertaining. Two bedrooms share a full bathroom, while the master suite includes a full tile walk-in shower and a custom walk-in closet. An oversized mudroom with laundry hookups, a deep bay sink, ample storage space, and a sitting area connects to the double garage, suitable for multiple vehicles or additional storage. The property is located on the southern end of the Town of Broadway and offers mountain and farm views. The property is equipped with Glo Fiber.

Key Highlights

• New construction, single‑level duplex built by local craftsman.
• Open floor plan ideal for entertaining.
• Master suite features a full tile walk‑in shower and custom walk‑in closet.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,813

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$296,260 $296.3K

Cap Rate 7%

$211,614 $211.6K

Cap Rate 9%

$164,589 $164.6K

Market Conditions

NOI Build-Up for 1,640 SF

Gross rent

$22.6K $13.80/SF

− Vacancy

−$1.5K −$0.90/SF

EGI

$21.2K $12.90/SF

− OpEx

−$6.3K −$3.87/SF

NOI

$14.8K $9.03/SF

Area

Rockingham County, VA

Vacancy

6.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$296,260

Cap Rate 7%

$211,614

Cap Rate 9%

$164,589

Alternative Uses

Best Use

Multifamily LT 5

$211.6K

$185.2K – $246.9K (±1% cap)

NOI $14,813 @ 7.0% cap · market cap 4.23%

Second Best

Apartment 5plus

$193.1K

$169.0K – $225.3K (±1% cap)

NOI $13,516 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$494.2K

$432.5K – $576.6K (±1% cap)

NOI $34,597 @ 7.0% cap · market cap 9.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Grocery & Convenience Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

Explore this area Business Placement

Demographics for 22815, VA

9,083

Population

3,957

Households

2.3

Avg Household Size

41

Median Age

25%

College-Educated

85%

High-School Grad

70.9 sq mi

ZIP Area

128

Density / Sq Mi

$70,598

Median Household Income

$40,829

Median Earnings

$1,005

Median Rent

$249,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - New construction duplex featuring high-end finishes, garage, and mountain views.

Where is this duplex located?

The property is located at 259 Freemont Circle Broadway, VA.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: New construction, single‑level duplex built by local craftsman.; Open floor plan ideal for entertaining.; Master suite features a full tile walk‑in shower and custom walk‑in closet.**