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    920 Richmond Ave Staunton, VA 24401

    Sponsored
    For Sale
    $599,000
    Property size:
    3,425 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 920 Richmond Ave

    General Information

    Property type
    Flex space
    Square Feet
    3,425 SF
    Lot Size
    5,663 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • High‑traffic location on a signalized corner of Rt. 250, near Walmart and Lowe's, with 21,000 vehicles per day (VPD).
    • Lease in place through March 2025, ideal for a 1031 exchange.
    • Retail storefront on the first floor with second‑floor storage accessed via a dedicated bay door and entrance.
    • Ample off‑street parking with additional side street overflow.
    • Recent capital improvements including a new roof (2023) and HVAC system (2020).
    • I1 (Light Industrial) zoning allows for diverse uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.050318048667
    Latitude
    38.140275242434

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    FAQs

    Where is this flex space located?
    The property is located at 920 Richmond Ave Staunton, VA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: High-traffic location on a signalized corner of Rt. 250, near Walmart and Lowe's, with 21,000 vehicles per day (VPD).; Lease in place through March 2025, ideal for a 1031 exchange.; Retail storefront on the first floor with second-floor storage accessed via a dedicated bay door and entrance.
    Request Owner's contact information
    920 Richmond Ave Staunton, VA 24401
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    Staunton, VA 24401
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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
    920 Richmond Ave Staunton, VA 24401
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