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    1207 Jefferson Hwy Fishersville, VA 22939

    Sponsored
    For Sale
    $2,380,000

    Class A Office, 18,222 SF Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This premier Class A office building, located in the heart of downtown Appleton, offers 18,222 square feet of immediately available space. The five-story, 142,000 square foot building, constructed in 1985 and extensively renovated in 2018, boasts a highly desirable location across from Houdini Plaza and just a block from W. College Avenue. Benefit from high visibility along W. College Avenue, with close proximity to a vibrant mix of shopping, dining, and entertainment options. The building features ample natural light, heated underground parking, and stunning views of the downtown Appleton cityscape. Multiple tenancy options are available, with spaces ranging from 382 square feet to 6,935 square feet, making it ideal for businesses of all sizes. High-profile signage opportunities further enhance the visibility and marketing potential for tenants. The combination of polished office spaces, a prime downtown location, and the surrounding retail environment makes this property one of the most sought-after office communities in the Fox Valley. The building includes one elevator for convenient access to all floors.

    Property Features for 1207 Jefferson Hwy

    General Information

    Property type
    Land
    Lot Size
    207,346 SF

    HighLights

    • Class A office building totaling 142,000 square feet.
    • Five‑story building with one building, constructed in 1985 and renovated in 2018.
    • Multiple tenancies available, with a minimum divisible space of 382 square feet and 18,222 square feet currently vacant.
    • Features include elevators and heated underground parking.
    • Prime downtown Appleton location with high visibility on W. College Avenue, near Houdini Plaza and ample amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishersville
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9627624
    Latitude
    38.1009606

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    FAQs

    What type of property is this?
    Land - Class A Office, 18,222 SF Available
    Where is this land located?
    The property is located at 1207 Jefferson Hwy Fishersville, VA.
    What is the asking price?
    The asking price for this property is $2,380,000.
    What are key features of this property?
    This property features: Class A office building totaling 142,000 square feet.; Five-story building with one building, constructed in 1985 and renovated in 2018.; Multiple tenancies available, with a minimum divisible space of 382 square feet and 18,222 square feet currently vacant.
    (540) 433-2106
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    1207 Jefferson Hwy Fishersville, VA 22939
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    Fishersville, VA 22939
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    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.

    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
    1207 Jefferson Hwy Fishersville, VA 22939
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