Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16 Gosnell Xing Staunton, VA 24401
    Back to Search
    Property profile & analytics

    16 Gosnell Xing, Staunton, VA 24401

    View on Map
    • Retail properties & Spaces
    • 4,040 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CHARITY COX, LONG & FOSTER REAL ESTATE INC FISHERSVILLE / Real Estate Agency
    • KIM IRVING, LONG & FOSTER REAL ESTATE INC FISHERSVILLE / Real Estate Agency
    • Erin Moore Realtor Long and Foster / Real Estate Agency
    • BUCK AILER, LONG & FOSTER REAL ESTATE INC FISHERSVILLE / Real Estate Agency
    • Emma Drummond / Real Estate Agency

    Property Details for 16 Gosnell Xing

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 4,040 square foot executive office space, formerly occupied by Fishersville Family Pharmacy, presents a unique opportunity in the thriving Myers Corner area of Fishersville, Virginia. Situated at 16 Gosnell Crossing, Staunton, VA 24401, this property boasts a highly desirable location within Augusta County. The building offers a versatile layout, combining a spacious open area ideal for reception or retail use with private offices located in the rear. This configuration provides flexibility for a variety of business needs. The property features both front and rear entrances, enhancing accessibility and convenience for clients and employees. The building's size and layout make it suitable for a range of businesses seeking a prominent presence in a rapidly developing commercial area. Its previous use as a pharmacy suggests the presence of existing infrastructure that could be easily adapted to new uses. The property's location in the growing Myers Corner area offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strategic location in Staunton, Virginia. This is an exceptional opportunity to acquire a well-situated and versatile commercial property in a dynamic market. The property is ready for immediate occupancy, offering a seamless transition for businesses seeking a new home.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9949
    Latitude
    38.1092

    Comparable in this City

    • Value Estimation by Request
      1,625 SF

      Tba Myers Cor Dr

      Medical Office Space
      0 Tba Myers Cor Dr, Staunton, VA 24401
      View Details
    • Value Estimation by Request

      18 Johnson St

      Restaurants
      18 Johnson St, Staunton, VA 24401
      View Details
    • Value Estimation by Request
      50.00 Acres

      1300 Richmond Ave

      Land
      1300 Richmond Ave, Staunton, VA 24401
      View Details
    • Value Estimation by Request
      4,040 SF

      16 Gosnell Xing

      Office Spaces
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    • Value Estimation by Request
      10,165 SF

      1027 Richmond Rd

      Office Spaces
      1027 Richmond Rd, Staunton, VA 24401
      View Details
    • Value Estimation by Request
      7,500 SF

      1561 Commerce Rd

      Medical Office Space
      1561 Commerce Rd, Staunton, VA 24401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,164 SF

      Downtown Staunton Coca-Cola Building

      High-visibility mixed-use property in downtown Staunton with apartment potential.
      709 N Augusta St, Staunton, VA 24401
      View Details
    • $699,000
      5,197 SF

      7+ Acre Retail Opportunity

      7+ acre property near major routes with retail potential.
      300 National Ave, Staunton, VA 24401
      View Details
    • $449,000
      3,102 SF

      Downtown Staunton Mixed-Use Building

      Flexible mixed-use property in historic downtown Staunton.
      111 S Augusta St, Staunton, VA 24401
      View Details
    • $329,900
      2,345 SF

      Versatile Commercial Property with Offices

      Commercial property featuring offices, conference room, kitchen, and storage.
      2069 Lee Jackson Hwy, Staunton, VA 24401
      View Details
    • $443,000
      2,144 SF

      Corner Commercial Lot in Staunton

      Commercial lot with building and garage at Springhill Road intersection.
      1932 Spring Hill Rd, Staunton, VA 24401
      View Details
    • $679,000
      4,265 SF

      Downtown Staunton Turn Key Property

      Two-story, 4,265 SF building in Staunton's Downtown Historic District.
      32 N Augusta St, Staunton, VA 24401
      View Details

    Similar Nearby for Lease

    • $900 /Mo

      Woodward

      1 South Market Street
      1 South Market St, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      3,500 SF

      Greenville Avenue Flex Space Available

      End suite with office/retail and flex space for rent.
      1215 Greenville Ave, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Versatile Commercial Space in Staunton

      Adaptable retail, medical, or office space near I-81.
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      STAUNTON, VA Office/Retail Space

      Office and retail space available in downtown Staunton.
      23-27 N Central Ave, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Versatile Office Condo in Staunton

      Adaptable 4,040 SF space suitable for retail, medical, or office.
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      2,090 SF

      Versatile Space in Myers Corner

      Adaptable commercial space suitable for retail, medical, or office use.
      16 Gosnell Xing, Staunton, VA 24401
      View Details
    Request Owner's contact information
    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.
    16 Gosnell Xing
    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
    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

    Thank You for Inquiry
    16 Gosnell Xing, Staunton, VA, 24401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!