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    1462 Us-211 Luray, VA 22835

    For Lease
    $10 SF/Yr

    Prime Retail/Office Space in Luray, VA

    Lot size:
    43,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 43,312 square foot, single-story retail and office center, situated on 10 acres in Luray, Virginia (22835), presents a compelling investment opportunity. Built in 1972, the property boasts a highly desirable location on US-211, near major retailers including Walmart, Food Lion, Schewels Furniture, Tractor Supply, and CVS. The center's strong tenancy is further enhanced by outparcels occupied by Truist Bank, Taco Bell, and Dollar General, creating a significant regional shopping destination. Currently, several spaces are available for immediate occupancy, ranging from 900 to 1,800 square feet. These versatile spaces are suitable for a variety of commercial uses, offering flexibility for potential tenants. The property is zoned commercial and features electric power. The asking rate is $10.00 per square foot, NNN. This property is located in the Northern Virginia submarket, specifically the Luray, Page County cluster, and its address is 1462 US-211. The property's APN is 42A8 A 5A. This is a rare opportunity to acquire a well-positioned retail and office center in a thriving market.

    Property Features for 1462 Us-211

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,312 SF
    Total Rate
    36093.33

    Building Details

    Year Built
    1972
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,487 SF
    Rate per SF
    $10
    Space
    Suite C
    Size
    1,800 SF
    Rate per SF
    $10
    Space
    Suite M
    Size
    1,800 SF
    Rate per SF
    $10
    Space
    Suites G&H
    Size
    900 SF
    Rate per SF
    $10

    HighLights

    • Highly visible 43,312 SF retail/office center on US‑211 near Luray Caverns.
    • Primary grocery‑anchored shopping center in Luray, VA.
    • Strong tenant mix including Walmart, Food Lion, and other national retailers; immediate occupancy spaces available (900‑1,800 SF).
    • Asking price: $10/SF, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Luray
    County
    Page
    State
    Virginia
    Longitude
    -78.4983243
    Latitude
    38.6608728

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail/Office Space in Luray, VA
    Where is this office property / space located?
    The property is located at 1462 Us-211 Luray, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Highly visible 43,312 SF retail/office center on US-211 near Luray Caverns.; Primary grocery-anchored shopping center in Luray, VA.; Strong tenant mix including Walmart, Food Lion, and other national retailers; immediate occupancy spaces available (900-1,800 SF).
    Request Owner's contact information
    1462 Us-211 Luray, VA 22835
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    Luray, VA 22835
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    Realmo Value Estimation

    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.

    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
    1462 Us-211 Luray, VA 22835
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