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    Flex Commercial Property with Shop Title is generated by Realmo AI

    3231 STUARTS DRAFT HWY, Stuarts Draft, VA 24477

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    For Sale
    $899,900

    Commercial/Industrial - Stuarts Draft, VA

    Lot size:
    0.78 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 3231 STUARTS DRAFT HWY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.78 Acres

    Utilities

    Heating system
    Oil

    Building Details

    Year built
    1987
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Charity P. Cox

    Listing agent Charity P. Cox

    Listing office Staunton/Waynesboro 16 Gosnell Crossing, VA

    Listing date Jun 4, 2026

    MLS# 678004 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial property with 1987 construction year
    • Metal roof and oil heating, with concrete flooring
    • Large garage/shop space with tall ceilings plus office space and a half bath
    • Ample parking available for the commercial space
    • Updated cottage‑style home at the front of the lot
    • Property includes a live‑work/rental mix with both commercial and residential components

    Overview

    This versatile flex-style commercial property combines a large garage/shop area with office space and a half bath, designed to support a range of business activities. The shop is described as having tall ceilings, and the overall setup is intended to accommodate both workspace and administrative needs. The property also includes an updated cottage-style home positioned at the front of the lot, offering an additional option for living, working, or leasing.

    The offering is located in Stuarts Draft and is presented as an opportunity in the heart of the community. Public remarks note strong visibility and ample parking, which can help customers, employees, and service vehicles access the site. The property sits on a 0.78-acre lot, providing room for the shop, office, and the front home configuration.

    For contractors, tradesmen, and small business operators, the combination of a garage/shop with tall ceilings and an on-site office can be practical for managing daily work and client-facing functions. For an owner-occupant, the front cottage-style home provides a live-work option, while for investors or landlords, it may serve as a rental residence in addition to the commercial workspace. The layout is presented as flexible enough to support multiple operating arrangements, depending on how you plan to use the shop and office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuarts Draft
    County
    Augusta
    State
    Virginia
    Longitude
    -79.011116
    Latitude
    38.041748

    Nearby Similar for Sale

    • $800,000
      2,872 SF

      Restaurant Building with Drive-Thru

      High-visibility corner restaurant with drive-thru on Stuarts Draft Hwy.
      2897 STUARTS DRAFT HWY, STUARTS DRAFT, VA 24477
      View Details
    • $899,900
      5,600 SF

      Flex Workshop with Office and Home

      Flex workshop space with office and half bath, plus an updated front cottage-style home for rental, live-work, or business use.
      3231 STUARTS DRAFT HWY, STUARTS DRAFT, VA 24477
      View Details
    • $950,000
      4,337 SF

      Augusta County Land Opportunity

      60 acres of land perfect for farming and recreation.
      514 LIPSCOMB RD, STUARTS DRAFT, VA 24477
      View Details

    FAQs

    What type of property is this?
    Flex space - Includes garage/shop and office space with a half bath, plus an updated cottage-style home at the front.
    Where is this flex space located?
    The property is located at 3231 STUARTS DRAFT HWY Stuarts Draft, VA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Commercial property with 1987 construction year; Metal roof and oil heating, with concrete flooring; Large garage/shop space with tall ceilings plus office space and a half bath
    (888) 536-0216
    We can help!
    Listing Contact
    Charity P. Cox
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    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.

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