Add Listing
    For Sale
    • 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

    891 Bells Ln Staunton, VA 24401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,000

    Commercial property with high visibility and quick interstate access.

    Lot size:
    13.77 Acres

    Property Features for 891 Bells Ln

    General Information

    Standard status
    Active
    Lot size
    13.77 Acres

    We can help!

    Listing Contact
    Peter Wray
    Peter Wray
    Source: Corcoran

    Listing Agency: TRIANGLE REALTORS Listing Agent: Peter Wray

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

    Learn more

    Overview

    I-81 Accessible Commercial Property

    This unique commercial property is located along I-81 at Exit 225. It is situated next to the Travelers Inn and across from the Holiday Inn Staunton Conference Center and Motel 6, offering high visibility and quick access off the interstate.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Hotel & Motel HVAC Service Accounting Firm Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton
    State
    Virginia
    Longitude
    -79.0144356
    Latitude
    38.1679753

    Nearby Similar for Sale

    • $945,000
      7,700 SF

      Staunton Office Building on Route 250

      Two well-maintained office buildings totaling 7,700 SF on 0.82 acres.
      24 Idlewood Blvd, Staunton, VA 24401
      View Details
    • $495,000
      2,400 SF

      STAUNTON, VA Building For Sale

      2400 SF building on 6.53 acres, great business opportunity.
      31 Swartzel Shop Rd, Staunton, VA 24401
      View Details
    • New
      $139,900
      1,056 SF

      Commercial Building on Lee Jackson

      Commercial building with ample parking and high traffic count.
      2594 Lee Jackson Hwy, Staunton, VA 24401
      View Details
    • $659,300
      3,358 SF

      Staunton Office Condo Units Available

      Professional office condo units in a convenient Staunton location.
      100 Red Oak Dr, Staunton, VA 24401
      View Details
    • $1,050,000
      Pending

      Former Bank Branch with Drive-Thru

      2,814 SF building on 1.55 acres in Staunton, VA.
      488 Frontier Dr, Staunton, VA 24401
      View Details
    • $249,000
      1,233 SF

      STAUNTON, VA Office Building

      Office space in high-visibility location, suitable for various business needs.
      1110 Churchville Ave, Staunton, VA 24401
      View Details
    • $174,900
      1,344 SF

      Staunton Office in Mactanly Center

      Spacious office in excellent Staunton location with great visibility.
      100 Mactanly Pl, Staunton, VA 24401
      View Details
    • $2,500,000
      10,008 SF

      Office Condo For Sale

      Office condo in ideal location, multiple units available for pre-sale.
      Tbd Myers Cor Dr, Staunton, VA 24401
      View Details
    • $849,000
      4,040 SF

      Versatile Office Condo in Staunton

      4,040 SF flexible space suitable for retail, medical, or office.
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    • $2,000,000
      12,657 SF

      Iconic Restaurant Property Near I-81

      Restaurant property with apartment, storage, and expansion potential near I-81.
      74 Rowe Rd, Staunton, VA 24401
      View Details
    • $595,000
      3,425 SF

      STAUNTON, VA Investment Opportunity

      Well-maintained building with new lease in high-traffic location.
      902 Richmond Ave, Staunton, VA 24401
      View Details
    • $829,500
      3,696 SF

      Staunton Duplex Townhouses For Sale

      Four-unit duplex in Staunton, VA with new roofs planned.
      628 D St, Staunton, VA 24401
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with high visibility and quick interstate access.
    Where is this commercial land located?
    The property is located at 891 Bells Ln Staunton, VA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High visibility location directly off I-81.; - Immediate access from Interstate Exit 225.; - Proximity to Travelers Inn.
    (540) 849-9020
    Request Owner's contact information
    891 Bells Ln Staunton, VA 24401
    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.
    891 Bells Ln
    Staunton, VA 24401
    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
    891 Bells Ln Staunton, VA 24401
    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

    We can help!
    Listing Contact
    Peter Wray
    Peter Wray
    (540) 849-9020 (540) 885-5181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!