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Property profile & analytics
FOR LEASE
Commercial real estate
2604 W Main St Waynesboro, VA 22980
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US87-2998175
For Lease
1 / 59
$15 SF/Yr
2604 W Main St, Waynesboro, VA 22980
View Listing →
Property summary
AI-generated overview
This 51,269 square foot retail strip center in Waynesboro, Virginia, presents a unique investment opportunity. Located at 2604 West Main Street, the property boasts a prime location on a heavily traveled intersection with excellent visibility and multiple points of ingress/egress. The 5.06-acre lot provides ample parking for customers and tenants. The center is conveniently situated near I-64, Augusta Health, and thriving population centers in Charlottesville and Albemarle County, ensuring strong consumer traffic. Currently, spaces ranging from 1,950 to 4,295 contiguous square feet are available. The property benefits from recent renovations and is surrounded by significant traffic generators, including Planet Fitness, UVA Health, and Amazon, creating a robust and established retail environment. The B1 zoning allows for a variety of retail uses. This is an exceptional opportunity to establish or expand a business in a high-growth area with strong anchor tenants and convenient access to major transportation routes. The property's strategic location and proximity to established businesses make it an ideal choice for retailers seeking high visibility and a strong customer base.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Construction
LIGHT FRAME
Total area
13,305 SF
Lot
5.06 ac (220,239 SF)
Zoning code
H-B
APN
22 1 - 65
UPID
US87-2998175
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.21M
Owner & transaction history
Jebs Properties LLC A Virginia Limi · 9 yrs held
Jebs Properties LLC A Virginia Limi
since 2016
2 recorded transactions
Zoning & alternative use
H-B · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waynesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waynesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$166 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,576
Tax year 2023
Assessed value
$2,932,000
Assessed 2023
Previous assessed
$2,882,900
+1.7% YoY
Effective rate
0.77%
On assessed value
Assessed land
$1,231,100
Assessed improvement
$1,700,900
Land market value
$1,231,100
Improvement market value
$1,700,900
Total market value
$2,932,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1983
Construction
LIGHT FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
3
Total area
13,305 SF
Lot
5.06 ac (220,239 SF)
Zoning code
H-B
APN
22 1 - 65
UPID
US87-2998175
Jurisdiction
WAYNESBORO CITY
Zoning & alternative use
H-B · Waynesboro, VA
Zoning H-B · permitted uses
H-B · Waynesboro, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waynesboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
LIGHT FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
3
Lot
5.06 ac
Current owner
From public records · entity-resolved
Jebs Properties LLC A Virginia Limi
Entity
Mailing address
3724 W SHOREVIEW LN, COEUR D ALENE, ID 83814-8979
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2016
$2,400,000
Jebs Properties LLC A Virginia Limi
Westwood Shopping Center Associates
Warranty Deed
$2,900,000 · Hometrust Bank
May 17, 2005
$1,950,000
Westwood Shopping Center Assoc
Westwood V LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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