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    5890 Valley Pike Stephens City, VA 22655

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    For Sale
    $1,500,000

    Operating drive-in theater with screens, snack bar, and playground.

    Lot size:
    10.16 Acres

    Property Features for 5890 Valley Pike

    General Information

    Lot size
    10.16 Acres

    Building Details

    Year built
    1960

    Source: OAKCREST COMMERCIAL REAL ESTATE Agent H. PAIGE MANUEL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Operating Drive-In Theater For Sale

    This operating drive-in theater is currently leased to an out-of-state tenant, with the lease expiring on December 31, 2025. The tenant has a first right of refusal for thirty days upon receipt of a purchase contract. The property is zoned Frederick County B-2, General Business District, and comprises 10.16 acres, equivalent to 442,570 square feet. The site features a 1,686 square foot concession building with a snack bar and two projection rooms. There are two drive-in theater screens; Screen 1 measures 84 ft. by 60 ft., and Screen 2 is approximately 50 ft. by 35 ft. The property includes 380 drive-in speakers mounted on 4 ft. poles, with two speakers per pole, and an existing children’s playground. Note that the existing digital projection equipment is owned by the current operating company headquartered in Texas. A new purchaser interested in operating the drive-in theater would need to invest in state-of-the-art digital projection equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Family Drive in Theatre Drive-In Movie Theater

    Suggested Use

    Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Furniture Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephens City
    County
    Frederick
    State
    Virginia
    Longitude
    -78.2327146
    Latitude
    39.0699747

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    FAQs

    What type of property is this?
    Theater & concert hall - Operating drive-in theater with screens, snack bar, and playground.
    Where is this theater & concert hall located?
    The property is located at 5890 Valley Pike Stephens City, VA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Large 10.16 acre (442,570 sq ft) land area.; - Zoned Frederick County B-2 – General Business District.; - Existing concession building/snack bar with two projection rooms (1,686 SF).
    (540) 504-0787
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    Realmo Value Estimation

    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.

    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.

    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
    5890 Valley Pike Stephens City, VA 22655
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