Industrial Land with Existing
730 Luray Ave, Front Royal, VA 22630
For Sale
New
$675,000
Industrial zoning and an existing building provide a foundation for outdoor storage or vehicle staging.
Property Size3,834 SF
Days on Market4
Property Features for 730 Luray Ave
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Matthews
Listed By:
Ethan Edmiston · License DC #6505128
(240) 744-4193
Source:
Matthews
Added: Nov 10
Last Checked: Nov 12 at 4:12AM
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 Matthews
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Investment Insights
Based on property information with market context.
This industrial-zoned parcel spans approximately 1.60 acres and includes a 3,834-square-foot building constructed in 1960. The existing improvements retain legally nonconforming status. Outdoor storage and vehicle staging are among the potential site applications identified for the property; future redevelopment is also contemplated.
Located on Luray Ave in Front Royal, the property is less than five minutes from access points to U.S. Route 340 and Interstate 66.
Located on Luray Ave in Front Royal, the property is less than five minutes from access points to U.S. Route 340 and Interstate 66.
Key Highlights
- Approximately 1.60 acres of industrial land
- Existing 3,834 SF building, built in 1960
- Less than 5 minutes from access to U.S. Route 340 and Interstate 66
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,647
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,940
$772.9K
Cap Rate 7%
$552,100
$552.1K
Cap Rate 9%
$429,411
$429.4K
Market Conditions
NOI Build-Up for 3,834 SF
Gross rent
$57.5K $15.00/SF
− Vacancy
−$2.3K −$0.60/SF
EGI
$55.2K $14.40/SF
− OpEx
−$16.6K −$4.32/SF
NOI
$38.6K $10.08/SF
Area
Warren County, VA
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,940
Cap Rate 7%
$552,100
Cap Rate 9%
$429,411
Alternative Uses
Best Use
Industrial
$552.1K
$483.1K – $644.1K
NOI $38,647 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $149,066 @ 7.0% cap · market cap 22.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - Industrial zoning and an existing building provide a foundation for outdoor storage or vehicle staging.
Where is this industrial land located?
The property is located at 730 Luray Ave Front Royal, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 1.60 acres of industrial land; Existing 3,834 SF building, built in 1960; Less than 5 minutes from access to U.S. Route 340 and Interstate 66
