Commercial Real Estate Market in Waynesboro, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
127 active listings and 1,150 off-market properties in Waynesboro, VA. Commercial property asks $264/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Waynesboro, VA spans 74.5 square miles in Waynesboro County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waynesboro, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Waynesboro, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Waynesboro, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Waynesboro, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.2%
- Industrial 17.5%
- Planned_development 13.4%
- Commercial 9.7%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Single Family Residential 12
Single Family Residential 7
General Residential 5
Planned Unit Development
Heavy Industrial
Waynesboro, VA zones 8,171 acres across 14 districts. Commercial zoning covers 9.7% of zoned land, residential 59.2% and industrial 17.5%. The largest single district is Single Family Residential 12 at 25.7%. For commercial buyers the practical constraint is that only 27.2% of land carries a commercial or industrial designation.
Single Family Residential 12 (RS-12)
This districts is established to accommodate single-family detached residential neighborhoods on individual lots. The districts are differentiated primarily on the basis of minimum lot area and setback requirements. While this district primarily accommodate residential uses, specified nonresidential uses that are compatible with residential neighborhoods are…
Market overview
Demographics & Economy
Waynesboro, VA has 33,049 residents in 14,711 households. Density runs 443 people per square mile. Median household income here is $63,176 and median gross rent $968 a month.
33,049
Population
14,711
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
74.5 sq mi
ZIP Area
443
Density / Sq Mi
$63,176
Median Household Income
$41,839
Median Earnings
$968
Median Rent
$256,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lyndhurst | — | — |
| Fishersville | — | — |
| Greenwood | — | — |
| Crimora | — | — |
Commercial property in Waynesboro, VA asks $264/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waynesboro?
Commercial property in Waynesboro, VA asks an average of $264 per square foot. The 6 most recent recorded sales traded at a median of $95/SF, so asking sits 178% above the achieved median.
How much does it cost to lease commercial space in Waynesboro?
Asking lease rates in Waynesboro, VA average $15.00 per square foot per year.
What zoning applies to commercial property in Waynesboro?
Waynesboro, VA zones 8,171 acres across 14 districts, of which 9.7% is commercial and 17.5% industrial. The largest single district is Single Family Residential 12 at 25.7% of zoned land. This districts is established to accommodate single-family detached residential neighborhoods on individual lots. The districts are differentiated primarily on the basis of minimum lot area and setback requirements. While this district primarily accommodate residential uses, specified nonresidential uses that are compatible with residential neighborhoods are… Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Waynesboro market data come from?
Realmo compiles Waynesboro, VA figures from 7 recent recorded sales, 99 active sale listings, 28 active lease listings, 1,150 tracked off-market properties, the current Waynesboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 99 active for-sale and 28 active for-lease listings in Waynesboro, VA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,171 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
