Renovated Office Units with Private
For Sale
Contact for pricing
27 S ROYAL AVENUE, Front Royal, VA 22630
Third-floor workspace combines private offices, reception space, and essential utilities.
Property Size8,430 SF
Price / SF$0.26
Days on Market110
Property Features for 27 S ROYAL AVENUE
General Information
Standard status
Active
Size
8,430 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Key Move Properties, LLC.
(540) 692-8186
Listed By:
Sarah Roop · License #0225247873
(540) 683-6832
Source:
Cummingsrealtors
Added: Jul 2
Changed: Oct 16
Last Checked: Oct 16 at 8:18AM
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 Key Move Properties, LLC.
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Investment Insights
Based on property information with market context.
This third-floor office suite provides a flexible business setting with 9 private offices and an open reception area. The interior is in excellent condition, with laminated flooring throughout and a stucco exterior that preserves the building’s established character. A major renovation completed in 2021 supports contemporary office use.
Located at 27 S Royal Avenue in downtown Front Royal, the property places shops, restaurants, and cafes within walking distance. On-street parking and a dedicated parking lot provide access for occupants and visitors. Air conditioning, electricity, water, and trash removal are included with the space, simplifying day-to-day operations for businesses seeking a centrally located office environment.
Located at 27 S Royal Avenue in downtown Front Royal, the property places shops, restaurants, and cafes within walking distance. On-street parking and a dedicated parking lot provide access for occupants and visitors. Air conditioning, electricity, water, and trash removal are included with the space, simplifying day-to-day operations for businesses seeking a centrally located office environment.
Key Highlights
- 9 private offices plus an open reception area
- Major renovation completed in 2021
- Third‑floor office space at 27 S Royal Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,872
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,440
$2.3M
Cap Rate 7%
$1,612,457
$1.6M
Cap Rate 9%
$1,254,133
$1.3M
Market Conditions
NOI Build-Up for 8,430 SF
Gross rent
$176.0K $20.88/SF
− Vacancy
−$25.5K −$3.03/SF
EGI
$150.5K $17.85/SF
− OpEx
−$37.6K −$4.46/SF
NOI
$112.9K $13.39/SF
Area
Warren County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,440
Cap Rate 7%
$1,612,457
Cap Rate 9%
$1,254,133
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $112,872 @ 7.0% cap · market cap 5,130.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,758 @ 7.0% cap · market cap 14,898.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Third-floor workspace combines private offices, reception space, and essential utilities.
Where is this office units located?
The property is located at 27 S ROYAL AVENUE Front Royal, VA.
What are key features of this property?
This property features: 9 private offices plus an open reception area; Major renovation completed in 2021; Third‑floor office space at 27 S Royal Avenue
