Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    349 Town Run Ln Stephens City, VA 22655

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $879,000

    Prime land near future I-81 interchange with rental income.

    Type:Commercial
    Lot size:
    7.79 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    139
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 349 Town Run Ln

    General Information

    Standard status
    Active
    Lot size
    7.79 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    MATTHEW D BRADLEY
    MATTHEW D BRADLEY

    Listing agent MATTHEW D BRADLEY License #0225077981

    Listing office COLDWELL BANKER PREMIER

    Listing date Dec 2, 2025

    Source Corcoran

    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 COLDWELL BANKER PREMIER

    Overview

    7.79-Acre Commercial Land Investment

    This 7.79-acre property is earmarked for commercial transformation by the county. It is located a short distance from the future I-81 interchange. A rental house is situated on-site, generating income. The property is suitable for a 1031 exchange. The property will be shown strictly by appointment to pre-qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephens City
    County
    Frederick
    State
    Virginia
    Longitude
    -78.2191
    Latitude
    39.0748

    Nearby Similar for Sale

    • $699,000

      Versatile Commercial Building on Valley Pike

      3,000 sq ft building on 1.5 acres in Stephens City.
      4919 VALLEY Pike, STEPHENS CITY, VA 22655
      View Details
    • $875,000

      Profitable Retail Business Opportunity

      Retail business with 12,000 SF space for sale.
      5307 MAIN Street, STEPHENS CITY, VA 22655
      View Details
    • $249,000

      Commercial Land on Valley Pike

      0.64 acre commercial lot in Stephens City, Virginia.
      4937 VALLEY Pike, STEPHENS CITY, VA 22655
      View Details
    • $150,000

      5 Acre Wooded Homesite

      Ready-to-build homesite with approved septic permit in Stephens City.
      ARAPAHO Lane lot: 3, STEPHENS CITY, VA 22655
      View Details
    • $200,000

      Shenandoah Valley Buildable Lot

      Two-acre lot approved for a four-bedroom home.
      CARTERS Lane lot: 7, STEPHENS CITY, VA 22655
      View Details
    • $550,000

      Signalized Corner Near Future Publix

      One acre commercial land near planned shopping center.
      672 Fairfax Pike, Stephens City, VA 22655
      View Details
    • $550,000

      Signalized Corner Commercial Land

      One acre commercial land parcel at signalized corner.
      672 Fairfax Pike, STEPHENS CITY, VA 22655
      View Details
    • $550,000

      Signalized Corner Commercial Land

      One acre commercial land for sale near upcoming Publix.
      672 Fairfax Pike, STEPHENS CITY, VA 22655
      View Details
    • $1,500,000

      Operating Drive-In Theater For Sale

      Operating drive-in theater with two screens on 10.16 acres.
      5844 Valley Pike, Stephens City, VA
      View Details
    • $249,000

      Prime Commercial Development Opportunity

      High-visibility lot on Valley Pike in Stephens City, Virginia.
      4937 Valley Pike, STEPHENS CITY, VA 22655
      View Details
    • $999,999

      6.04 Acres Zoned B2 Land

      6.04 acres of B2 zoned land in Stephens City, VA.
      TASKER Road, STEPHENS CITY, VA 22655
      View Details
    • $575,000

      60 Acres Unrestricted Land

      60 acres of versatile land in Stephens City, Virginia.
      458 Hites Rd, STEPHENS CITY, VA 22655
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land near future I-81 interchange with rental income.
    Where is this commercial land located?
    The property is located at 349 Town Run Ln Stephens City, VA.
    What is the asking price?
    The asking price for this property is $879,000.
    What are key features of this property?
    This property features: 7.79‑acre property earmarked for commercial transformation.; Located a short distance from the future/planned I‑81 interchange.; Rental house on‑site provides immediate income.
    (540) 636-7700
    We can help!
    Listing Contact
    MATTHEW D BRADLEY
    MATTHEW D BRADLEY
    Real Estate License ID: 0225077981
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!