Renovated Two-Story
For Sale
$695,000
384 S Main St, Timberville, VA 22853
Flexible restaurant property with open floor plans, a lower-level kitchen, private parking, and prominent consumer-facing exposure.
Property Size4,860 SF
Price / SF$143
Days on Market48
Property Features for 384 S Main St
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Retail - Restaurant
Additional Details
Traffic Count
11,000 vehicles/day
Amenities
private parking
kitchen
Building Details
Building Size
4,860 SF
Year Built
1957
Year Renovated
2026
Buildings
1
Stories
2
Listing Agency:
Cottonwood Commercial
Listed By:
Keith May · License #0225049582
(540) 820-7008
Source:
Commercialcafe
Added: Sep 5
Changed: Oct 8
Last Checked: Oct 20 at 5:47PM
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 Cottonwood Commercial
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Investment Insights
Based on property information with market context.
Located at 384 S Main St in Timberville, this conventional restaurant property combines a two-level layout with substantial flexibility for food service and related commercial uses. The building contains two 2,430-square-foot floors, each with an open configuration and two bathrooms. A kitchen on the lower level supports restaurant operations, while the adaptable interior can accommodate retail, showroom, or specialty-service concepts. The property was renovated in 2026 and originally built in 1957.
Private parking sits on newly reworked asphalt, providing on-site customer access and circulation. The building is directly across from Walmart and records approximately 11,000 vehicles per day along South Main Street, placing the property within a high-volume consumer corridor. An adjoining parcel may also be available for purchase, offering an additional option for an expanded site plan.
Private parking sits on newly reworked asphalt, providing on-site customer access and circulation. The building is directly across from Walmart and records approximately 11,000 vehicles per day along South Main Street, placing the property within a high-volume consumer corridor. An adjoining parcel may also be available for purchase, offering an additional option for an expanded site plan.
Key Highlights
- Two 2,430 SF floors with open layouts
- Lower‑level kitchen supports restaurant and food‑service operations
- Two bathrooms on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,722
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,440
$1.3M
Cap Rate 7%
$896,029
$896.0K
Cap Rate 9%
$696,911
$696.9K
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$97.4K $20.04/SF
− Vacancy
−$7.8K −$1.60/SF
EGI
$89.6K $18.44/SF
− OpEx
−$26.9K −$5.53/SF
NOI
$62.7K $12.91/SF
Area
Rockingham County, VA
Vacancy
8.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,440
Cap Rate 7%
$896,029
Cap Rate 9%
$696,911
Alternative Uses
Best Use
Retail
$896.0K
$784.0K – $1.05M
NOI $62,722 @ 7.0% cap · market cap 9.02%
Second Best
Specialty Retail
$806.1K
$705.4K – $940.5K
NOI $56,429 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,527 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Shops & Services 24%
Groceries 21%
Dining 10%
Walmart
Superstores
41,280 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
15,818 visits/mo
0.2 miles
Hardee's
Dining
9,461 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,307 visits/mo
0.2 miles
Virginia ABC
Groceries
4,103 visits/mo
0.1 miles
Demographics for 22853, VA
4,608
Population
1,839
Households
2.5
Avg Household Size
42
Median Age
13%
College-Educated
83%
High-School Grad
39.0 sq mi
ZIP Area
118
Density / Sq Mi
$61,415
Median Household Income
$36,539
Median Earnings
$961
Median Rent
$207,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible restaurant property with open floor plans, a lower-level kitchen, private parking, and prominent consumer-facing exposure.
Where is this conventional restaurant located?
The property is located at 384 S Main St Timberville, VA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two 2,430 SF floors with open layouts; Lower‑level kitchen supports restaurant and food‑service operations; Two bathrooms on each level
