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

    Xing Way And Richmond Ave Staunton, VA 24401

    Sponsored
    For Sale
    Contact for pricing

    I-81 Frontage, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 20-acre land parcel presents a remarkable investment opportunity in Staunton, Virginia. Strategically located directly off Interstate 81 at the first traffic light, this site boasts unparalleled visibility and accessibility. The property's prime location within a large trade area encompassing approximately 175,000 people in Western Virginia ensures significant potential for a wide range of commercial developments. Its proximity to historic downtown Staunton adds to its appeal. The site benefits from its outstanding regional location at the intersection of I-81 and I-64, Virginia's major north/south and east/west transportation corridors, guaranteeing easy access for customers and employees. This location is ideal for a variety of uses, including big-box retail, specialty stores, hotels, restaurants, and convenience stores. The area also boasts a strong educational presence, with 11 state universities and colleges within a 35-minute drive, providing a substantial and diverse potential customer base. This property offers a rare chance to capitalize on a high-traffic location with exceptional visibility and access in a thriving market. The expansive acreage provides ample space for large-scale development, making it an attractive option for businesses seeking a prominent presence in the region.

    Property Features for 0 Xing Way And Richmond Ave

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    We can help!

    Listing Contact
    Peter Wray

    Learn more

    HighLights

    • 20‑acre land parcel in Staunton, VA.
    • I‑81 frontage with entrance at the first traffic light.
    • Serves a large Western Virginia trade area of approximately 175,000 people.
    • Minutes from Historic Downtown Staunton.
    • Exceptional location at the intersection of I‑81 and I‑64.
    • Ideal for big‑box retail, specialty stores, hotels, restaurants, and convenience stores.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.0389061
    Latitude
    38.1307749

    Nearby Similar for Sale

    • $599,000
      Pending

      Unique Tudor Revival Commercial Opportunity

      Charming Tudor Revival with commercial potential on 1.1 landscaped acres.
      950 W Beverley St, Staunton, VA 24401
      View Details
    • $2,790,000
      9,080 SF

      Turnkey Wedding Venue and Inn

      Premier Staunton wedding venue and inn with strong revenue potential.
      1329 Commerce Rd, Staunton, VA 24401
      View Details
    • $1,050,000
      6,213 SF

      Renovated Victorian Quad with Income

      Fully renovated Victorian quad with leases in place for immediate income.
      811 Westover Dr, Staunton, VA 24401
      View Details
    • $3,500,000
      35,700 SF

      Former School Campus For Sale

      2.2 acre site with 35,700 SF in Staunton, VA
      501 Thornrose Ave, Staunton, VA 24401
      View Details
    • $659,500
      3,358 SF

      Staunton Office Condo Units

      Three office condo units totaling 3,360 SF in Staunton, VA.
      100 Red Oak Dr, Staunton, VA 24401
      View Details
    • $550,000
      3,658 SF

      Commercial/Residential Building Near Downtown Staunton

      Flexible commercial/residential property with expansion potential near downtown Staunton.
      705 Richmond Ave, Staunton, VA 24401
      View Details
    • $139,900
      Pending

      Staunton Commercial Property with Parking

      Versatile commercial space with ample parking and high traffic.
      2594 Lee Jackson Hwy, Staunton, VA 24401
      View Details
    • $990,000
      17,727 SF

      Staunton Landmark Building For Sale

      Historic 17,727 sq ft building in downtown Staunton, Virginia.
      19 S Market St, Staunton, VA 24401
      View Details
    • New
      $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
    • $825,000
      Pending

      Mixed-Use Building in Staunton, VA

      Large mixed-use building with commercial and residential units for sale.
      2501 N Augusta St, Staunton, VA 24401
      View Details
    • New
      $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
    • $399,000
      4,274 SF

      Former Church in Staunton, VA

      Two-story former church with adaptive reuse potential in Staunton, VA.
      2408 Hickory St, Staunton, VA 24401
      View Details

    FAQs

    What type of property is this?
    Land - I-81 Frontage, High-Traffic Location
    Where is this land located?
    The property is located at Xing Way And Richmond Ave Staunton, VA.
    What are key features of this property?
    This property features: 20-acre land parcel in Staunton, VA.; I-81 frontage with entrance at the first traffic light.; Serves a large Western Virginia trade area of approximately 175,000 people.
    Request Owner's contact information
    Xing Way And Richmond Ave 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.
    Xing Way And Richmond Ave
    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
    Xing Way And Richmond Ave 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
    Real Estate License ID: VA
    Learn more
    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.