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    3094 Middlebrook Rd Middlebrook, VA 24459

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    3094 Middlebrook Rd Middlebrook, VA 24459

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    • Commercial real estate
    • 1,940 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3094 Middlebrook Rd

    Lot size
    0.50 lot acres
    Property size
    1,940 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,940 square foot property, nestled atop a hill in Middlebrook, VA, presents a unique opportunity for a variety of businesses. The building boasts two garage bays, ideal for storage, repair, or light manufacturing, complemented by dedicated office space equipped with modern amenities including new HVAC and a recently updated bathroom. The roof is only two years old, ensuring long-term cost savings. The office area features its own air conditioning system for comfortable year-round use. Heating is provided by two oil-fired furnaces, supported by two 275-gallon oil tanks. A convenient kitchenette is also included. The property includes a valuable one-car air/oil lift and an air compressor, enhancing its functionality. The interior features stylish metal ceilings and railroad-style light fixtures and track lighting in the office, while the shop area is illuminated by strip light fixtures. The 0.5-acre lot provides ample space. Note that the well and septic system are shared with another property. Prospective buyers should be aware that obtaining a special use permit from Augusta County will likely be required. This versatile property offers significant potential for a discerning buyer seeking a well-maintained and functional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middlebrook
    County
    Augusta
    State
    Virginia
    Longitude
    -79.2074
    Latitude
    38.054

    Comparable in this City

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    • Value Estimation by Request
      4,238 SF

      36 Cherry Grv Rd

      MEDICAL BUILDING • 4,238 SF
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    • Value Estimation by Request
      9,000 SF

      3697 Middlebrook Vlg Rd

      AUTO REPAIR, GARAGE • 9,000 SF
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    • Value Estimation
      $540,000
      6,096 SF

      3964 Walkers Crk Rd

      OFFICE BUILDING • 6,096 SF
      3964 Walkers Crk Rd, Middlebrook, VA 24459-2004
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    • Value Estimation by Request
      5,056 SF

      3698 Middlebrook Vlg Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,056 SF
      3698 Middlebrook Vlg Rd, Middlebrook, VA 24459
      View Details
    • Value Estimation by Request
      1,534 SF

      3682 Middlebrook Vlg Rd

      OFFICE BUILDING • 1,534 SF
      3682 Middlebrook Vlg Rd, Middlebrook, VA 24459-2110
      View Details
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    3094 Middlebrook Rd
    Middlebrook, VA 24459
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    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
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