Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Staunton Turn Key Property Title is generated by Realmo AI

    32 N AUGUSTA ST, Staunton, VA 24401

    View on Map
    Claim this Listing
    New
    For Sale
    $679,000

    Building - STAUNTON, VA

    Property size:
    4,265 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $159/SF
    Added:
    May 26, 2026
    Days on Market:
    1
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for 32 N AUGUSTA ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2 General Business
    Parking features
    Offsite
    Standard status
    Active
    APN
    8991
    Size
    4,265 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Martin
    Mike Martin

    Listing agent Mike Martin License #0225265521

    Listing office Cottonwood Commercial LLC 1960 Evelyn Byrd Ave, Harrisonburg, VA

    Listing date May 26, 2026

    MLS# 677573 Listing URL

    Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated in 2018 at a cost exceeding $200,000.
    • Located in Staunton's Downtown Historic District.
    • Versatile B2 zoning allows for a wide range of uses.
    • Expansive 4,265 square foot building.
    • Flexible layout with a large open floor plan on the first floor and traditional office space on the second floor.
    • Includes 450 +\/- square feet of unfinished attic space.

    Overview

    Located in Staunton’s Downtown Historic District, this two-story building offers 4,265 square feet of space. The building was fully renovated in 2018. The first floor features an expansive open floor plan with 1,530 square feet of retail or office space, along with a 370 square foot shared kitchen and break room, and three bathrooms. The second floor provides a traditional office floor plan with six individual offices, a conference room, and storage, with easy access to the shared kitchen and bathroom space. Additionally, there is approximately 450 square feet of unfinished attic space that can be repurposed or used for storage. Situated in Staunton’s B2 zoning and parking exempt district, the property allows by-right uses such as retail, office, restaurant, multifamily on the second floor, or mixed-use. Currently used as professional office space, the property is suitable for an owner-user or investor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Third Coast Collaborative Landscaping Newtown Fitness Club Gym & Fitness Center Valley Conservation Council Charitable Organization Tributum LLC (Bike/Boat/Book/etc) Store Canna Taxware (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton
    State
    Virginia
    Longitude
    -79.072958
    Latitude
    38.1501959

    Nearby Similar for Sale

    • $375,000
      2,760 SF

      Versatile Commercial Building Near Downtown

      Move-in ready commercial property with flexible layout and prime location.
      204 W HAMPTON ST, STAUNTON, VA 24401
      View Details
    • $550,000
      3,658 SF

      Flexible Commercial/Residential Staunton Building

      Versatile 4,100+ sq ft property near downtown Staunton, VA.
      705 RICHMOND AVE, STAUNTON, VA 24401
      View Details
    • $699,000
      2,880 SF

      Jefferson Hwy Commercial Building For Sale

      Two-story commercial building on Route 250 between Staunton and Waynesboro.
      1020 JEFFERSON HWY, STAUNTON, VA 24401
      View Details
    • $449,000
      3,102 SF

      Downtown Staunton Mixed-Use Building

      Flexible mixed-use property in historic downtown Staunton.
      111 S AUGUSTA ST, STAUNTON, VA 24401
      View Details
    • $849,000
      4,040 SF

      Versatile Office Condo in Staunton

      4,040 SF flexible space suitable for retail, medical, or office.
      16 GOSNELL CROSSING, STAUNTON, VA 24401
      View Details
    • $995,000
      6,213 SF

      Renovated Victorian Quad Income Property

      Fully renovated, leased quad Victorian with immediate income potential.
      811 WESTOVER DR, STAUNTON, VA 24401
      View Details
    • $399,000
      2,214 SF

      Fully Occupied Staunton Quadplex

      Four-unit apartment building in Staunton, generating $2,500 monthly.
      1229 STACK ST, STAUNTON, VA 24401
      View Details
    • $1,100,000
      33,164 SF

      Downtown Staunton Coca-Cola Building

      High-visibility, mixed-use property in historic downtown Staunton, Virginia.
      709 N AUGUSTA ST, STAUNTON, VA 24401
      View Details
    • $3,200,000
      22,816 SF

      Fully Occupied Mixed-Use Portfolio

      Stabilized mixed-use portfolio in Staunton, Virginia with zero vacancy.
      632 CHARLES ST, STAUNTON, VA 24401
      View Details
    • $425,000
      3,900 SF

      Downtown Building in Prime Location

      Three-story brick building in downtown Staunton, offering versatile redevelopment options.
      5 E FREDERICK ST, STAUNTON, VA 24401
      View Details
    • $2,100,000

      Productive Farmland in Augusta County

      195.16 acres of farmland with established poultry operation.
      189 OAK RIDGE LN, STAUNTON, VA 24401
      View Details
    • $2,790,000
      9,080 SF

      Turnkey Wedding Venue and Inn

      Premier Staunton wedding venue and inn with strong revenue potential.
      1329 COMMERCE RD, STAUNTON, VA 24401
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story, 4,265 SF building in Staunton's Downtown Historic District.
    Where is this office building located?
    The property is located at 32 N AUGUSTA ST Staunton, VA.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: Fully renovated in 2018 at a cost exceeding $200,000.; Located in Staunton's Downtown Historic District.; Versatile B2 zoning allows for a wide range of uses.
    (540) 421-0360
    We can help!
    Listing Contact
    Mike Martin
    Mike Martin
    Real Estate License ID: 0225265521
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    32 N AUGUSTA ST, STAUNTON, VA 24401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!