Add Listing
    For Lease
    • 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

    729 Richmond Ave Staunton, VA 24401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,200 SF in-line retail space available for lease.

    Type:Retail, Office
    Property size:
    1,200 SF
    Added:
    Nov 17, 2023
    Days on Market:
    873
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 729 Richmond Ave

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 729 Richmond Ave Contact us

    $26 /Mo

    Size
    1,200 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Peter Wray

    Listing agent Peter Wray License #0225063526

    Listing office Triangle Realtors

    Listing date Nov 17, 2023

    Source Crexi

    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 Triangle Realtors

    Overview

    Retail Space For Lease

    This 1,200 square foot in-line space is available for lease. The property benefits from high visibility at a traffic light. It is located in close proximity to Wal-Mart, Lowe's, Martin's Grocery, Sheetz, Chick-Fil-A, Starbucks, Chipotle, and I-81. The owner is an agent.
    Location Intelligence

    Current Use by Public Records

    Amedisys Home Health ... Home Health Care Service University Cleaners - Richmond ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton
    State
    Virginia
    Longitude
    -79.0531356
    Latitude
    38.1428569

    Nearby Similar for Lease

    • $1.00/mo

      Flex Space on Greenville Avenue

      End suite with office/retail and flex space available now.
      1215 GREENVILLE AVE, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Office Building in Staunton, VA

      Small office building with great parking and excellent visibility.
      8 MORRIS MILL RD, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Office Suite in Wharf District

      Three-room office suite with private bathroom in professional building.
      117 S LEWIS ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      STAUNTON, VA Office/Retail Space

      Office and retail space available in downtown Staunton.
      23-27 N CENTRAL AVE, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Versatile Commercial Space in Staunton

      Prime commercial lease space suitable for retail or studio use.
      3 BYERS ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Greenbrier Office Park Condo

      Affordable office space in Staunton's Greenbrier Office Park.
      1600 N COALTER ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Downtown Staunton Office Suite

      Professional office suite in the heart of downtown Staunton.
      103 E BEVERLEY ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Office Space in Staunton, VA

      Affordable office space available in Staunton's Greenbrier Office Park.
      1600 N COALTER ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Downtown Staunton Office/Retail Space

      Corner office/retail space with high ceilings and basement storage.
      21 N CENTRAL AVE, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Affordable Office Space in Staunton

      Conveniently located office space available for rent in Staunton, VA.
      1600 N COALTER ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Staunton Office Suite For Rent

      Lower-level office suite near downtown Staunton with utilities included.
      413 N COALTER ST, STAUNTON, VA 24401
      View Details
    • $1.00/mo

      Staunton Office Space For Rent

      Affordable office space in Staunton's Greenbrier Office Park.
      1600 N COALTER ST, STAUNTON, VA 24401
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,200 SF in-line retail space available for lease.
    Where is this retail space located?
    The property is located at 729 Richmond Ave Staunton, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High visibility at traffic light; Close proximity to Wal‑Mart, Lowe's, Martin's Grocery, Sheetz, Chick‑Fil‑A, Starbucks, and Chipotle; Close proximity to I‑81
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter Wray
    Real Estate License ID: 0225063526
    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!