Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1360 Shenandoah Ave Front Royal, VA 22630

    For Sale
    $2,000,000

    High-yield medical office, NNN lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a stabilized medical office building in Front Royal, Virginia, currently occupied by a DaVita Dialysis center under a long-term NNN lease. The property, custom-built for the tenant in 2012, boasts over $1 million in tenant-funded improvements, including a comprehensive sprinkler system. The lease, with a remaining term of 4 years and 8 months, includes two 5-year options, ensuring long-term stability. Annual rent increases of 2% are built into the lease, along with a $1,000 management fee subject to 3% annual increases. The landlord's responsibilities are limited to roof and structural maintenance, minimizing operational burdens. The property offers a compelling 6.10% cap rate based on a current Net Operating Income (NOI) of $109,975, making it an attractive addition to any diversified real estate portfolio. The corporate guarantee provided by DaVita further enhances the security of this investment. The address is 1360 N Shenandoah Ave, Front Royal, VA 22630. The asking price is $2,000,000. The occupancy date was April 5th, 2011, and the lease expires April 5th, 2040.

    Property Features for 1360 Shenandoah Ave

    General Information

    Property type
    Medical offices

    HighLights

    • $2,000,000 asking price for a stabilized medical office investment.
    • NNN lease with a corporate guarantee from DaVita, a single tenant.
    • 14‑year lease remaining (4 years, 8 months remaining plus two 5‑year options); April 5, 2040 expiration.
    • 6.10% cap rate with a $109,975 net operating income (NOI).
    • Located at 1360 N Shenandoah Ave, Front Royal, VA 22630.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita Front Royal ... Dialysis Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.200111661774
    Latitude
    38.934458490523

    Nearby Similar for Sale

    • $145,000
      0.26 Acres

      Turn-Key Furniture Business Opportunity

      Profitable furniture store business for sale in Front Royal, VA.
      1207 N Royal Ave, Front Royal, VA 22630
      View Details
    • $1,780,000
      0.38 Acres

      Renovated Commercial Property Leased to Government

      Fully renovated commercial property 100% leased to the Commonwealth of Virginia.
      842 N Shenandoah Ave, Front Royal, VA 22630
      View Details
    • $275,000
      0.22 Acres

      Historic Front Royal Corner Lot

      Two properties with revitalization potential in Front Royal, Virginia.
      217 Laurel St, Front Royal, VA 22630
      View Details
    • $374,900
      2,036 SF

      New Luxury Move-In Ready Townhome

      New 3-bedroom, 3.5-bath townhome near I-66 & I-81.
      37 Duck St W, Front Royal, VA 22630
      View Details
    • $825,000
      3,143 SF

      Downtown Front Royal Commercial Property

      Versatile commercial building with high visibility and income potential.
      508 N Commerce Ave, Front Royal, VA 22630
      View Details
    • $389,900

      New Luxury Townhome Ready Soon

      New 3-level townhome with finished basement, garage, and rear deck.
      45 Duck St W, Front Royal, VA 22630
      View Details

    FAQs

    What type of property is this?
    Medical office - High-yield medical office, NNN lease.
    Where is this medical office located?
    The property is located at 1360 Shenandoah Ave Front Royal, VA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for a stabilized medical office investment.; NNN lease with a corporate guarantee from DaVita, a single tenant.; 14-year lease remaining (4 years, 8 months remaining plus two 5-year options); April 5, 2040 expiration.
    Request Owner's contact information
    1360 Shenandoah Ave Front Royal, VA 22630
    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.
    1360 Shenandoah Ave
    Front Royal, VA 22630
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1360 Shenandoah Ave Front Royal, VA 22630
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.