Commercial Property with Redevelopment
604 & 602 Radham St, Front Royal, VA 22630
For Sale
$575,000
Commercial property in high-traffic area with multiple redevelopment opportunities.
Property Size2,190 SF
Price / SF$262.56
Days on Market244
Property Features for 604 & 602 Radham St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Gregg Herpst · License #VA3023942
(301) 461-3231
Source:
Kandorre
Added: Mar 11
Changed: Nov 8
Last Checked: Nov 8 at 10:11AM
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 Pearson Smith Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, zoned C-1 Commercial (commercial community district), is located in a high-traffic area of Front Royal. The property currently features two single-family homes that could be modified for various uses, including office, medical, restaurant, retail, or salon. The property is adjacent to a park and offers mountain views. The sale includes multiple additional parcels situated in a flood plain, which could potentially be used for additional parking. Both houses are currently rented, presenting immediate income potential while redevelopment plans are considered. The property offers outstanding unlimited opportunities for commercial development.
Key Highlights
- Zoned C‑1 Commercial offering unlimited opportunities.
- Located in an area with one of the highest traffic counts in Front Royal.
- Includes 5+ additional separate parcels that could be utilized for additional parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,323
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,460
$586.5K
Cap Rate 7%
$418,900
$418.9K
Cap Rate 9%
$325,811
$325.8K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$45.7K $20.88/SF
− Vacancy
−$6.6K −$3.03/SF
EGI
$39.1K $17.85/SF
− OpEx
−$9.8K −$4.46/SF
NOI
$29.3K $13.39/SF
Area
Warren County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,460
Cap Rate 7%
$418,900
Cap Rate 9%
$325,811
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,147 @ 7.0% cap · market cap 14.81%
Second Best
Retail
$1.05M
$915.7K – $1.22M
NOI $73,259 @ 7.0% cap · market cap 12.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial property in high-traffic area with multiple redevelopment opportunities.
Where is this commercial land located?
The property is located at 604 & 602 Radham St Front Royal, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Zoned C‑1 Commercial offering unlimited opportunities.; Located in an area with one of the highest traffic counts in Front Royal.; Includes 5+ additional separate parcels that could be utilized for additional parking.
