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    729 Richmond Ave Staunton, VA 24401

    Sponsored
    For Lease
    $22 SF/Yr ($18,958 /Mo)

    1-Story Office, High Visibility, 2,400 SF

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,400 square foot traditional office space is available for lease at 729 Richmond Ave A-1 in Staunton, Virginia. Located in a high-traffic area with excellent visibility at a traffic light, this single-tenant property offers immediate access to major retailers and convenient highway access via I-81. The building, constructed in 2005, is part of a larger 10,000 square foot complex situated on a 2.005-acre lot. The property features a single-story design with B-2 zoning. The lease includes a base rent of $22.75 per square foot, subject to annual escalations of 3%. Estimated common area maintenance, taxes, and insurance (CAM, Tax, Ins) are $2.30 per square foot. This location boasts close proximity to a variety of popular businesses including Wal-Mart, Lowe's, Martin's Grocery, Sheetz, Chick-fil-A, Starbucks, and Chipotle, making it an ideal location for businesses seeking high visibility and convenient access to amenities and major transportation routes. The property is ready for immediate occupancy.

    Property Features for 729 Richmond Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Total Rate
    18958.33

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,400 SF
    Rate per SF
    $22

    HighLights

    • 2,400 SF traditional office space available for lease at 729 Richmond Ave A‑1, Staunton, VA.
    • High‑traffic location with excellent visibility at a traffic signal, offering convenient access to I‑81 and major retailers.
    • Single‑story, 2005‑built building (B‑2 zoning) within a larger 10,000 SF complex on a 2.005‑acre lot.
    • $22.75/SF base rent with 3% annual escalations; estimated CAM, taxes, and insurance are $2.30/SF.
    • Excellent location near major retailers including Walmart, Lowe's, and numerous restaurants, ensuring high visibility and convenient access to amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amedisys Home Health ... Home Health Care Service University Cleaners - Richmond ... Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.053607299071
    Latitude
    38.142231889103

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    FAQs

    What type of property is this?
    Office Property / Space - 1-Story Office, High Visibility, 2,400 SF
    Where is this office property / space located?
    The property is located at 729 Richmond Ave Staunton, VA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 2,400 SF traditional office space available for lease at 729 Richmond Ave A-1, Staunton, VA.; High-traffic location with excellent visibility at a traffic signal, offering convenient access to I-81 and major retailers.; Single-story, 2005-built building (B-2 zoning) within a larger 10,000 SF complex on a 2.005-acre lot.
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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
    729 Richmond Ave Staunton, VA 24401
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