Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1980 Rosser Ave Waynesboro, VA 22980

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1980 Rosser Ave Waynesboro, VA 22980

    View on Map
    • Retail properties & Spaces
    • 1.65 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1980 Rosser Ave

    Lot size
    1.65 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.647-acre commercial land parcel presents a remarkable retail investment opportunity in Waynesboro, Virginia. Located on Rosser Avenue, a major commercial corridor boasting 30,000 average daily traffic, this property enjoys unparalleled visibility and accessibility. Its proximity to Interstate 64 ensures convenient access for customers from Augusta County and neighboring Rockbridge and Rockingham counties. The site benefits from a signalized intersection and offers easy ingress/egress. Surrounded by established national retailers such as Walmart, Sheetz, Chipotle, Popeye's, Starbucks, and Home Depot, as well as the Waynesboro Town Center (including Target, Aldi, and Chick-fil-A), this location guarantees high traffic and strong consumer presence. The property is zoned HB and represents a ready-to-develop site for retail businesses. A recent sale of an adjacent lot to Texas Roadhouse further underscores the desirability of this location. This specific pad site, Pad 6, is offered at $590,000. Don't miss this chance to establish your business in a thriving retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9332
    Latitude
    38.065

    Comparable in this City

    • Value Estimation by Request
      1.31 Acres

      1860 Rosser Ave

      Land • 1.31 Acres
      1860 Rosser Ave, Waynesboro, VA 22980
      View Details
    • Value Estimation by Request
      2.40 Acres

      Lew Dewitt Blvd

      Individual retail properties • 2.40 Acres
      0 Lew Dewitt Blvd, Waynesboro, VA 22980
      View Details
    • Value Estimation by Request
      11.00 Acres

      Shenandoah Village Dr

      Land • 11.00 Acres
      0 Shenandoah Village Dr, Waynesboro, VA 22980
      View Details
    • Value Estimation by Request
      5.00 Acres

      Ladd Rd

      Land • 5.00 Acres
      0 Ladd Rd, Fishersville, VA 22980
      View Details
    • Value Estimation by Request
      11.00 Acres

      200 Shenandoah Village Dr

      Land • 11.00 Acres
      200 Shenandoah Village Dr, Waynesboro, VA 22980
      View Details
    • Value Estimation by Request
      1.08 Acres

      1301 Main St

      Land • 1.08 Acres
      1301 Main St, Waynesboro, VA 22980
      View Details

    Similar Nearby for Sale

    • $675,000
      0.86 Acres

      Commercial Parcel in High-Traffic Area

      Prime commercial land near downtown Waynesboro with high visibility.
      2323 WEST Main St, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      Retail Ready Development Opportunity

      Visible commercial land for sale near Interstate 64.
      1860 Rosser Ave, Waynesboro, VA 22980
      View Details
    • Contact for pricing
      2,500 SF

      Mixed-Use Property in Waynesboro, VA

      Mixed-use property with retail, office, and industrial spaces available.
      430 N Commerce Ave, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      60 Acres Mixed-Use Property

      Unique property with multiple buildings and South River frontage.
      2591 Lyndhurst Rd, Waynesboro, VA 22980
      View Details
    • $499,000
      1.53 Acres

      Downtown Waynesboro Commercial Land

      1.53-acre lot, prime location, $499,000
      800 Main St, Waynesboro, VA 22980
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      New Commercial Flex Space Available

      Newly constructed flex space in growing Waynesboro corridor.
      260 Sheppard Ct, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      Office or Retail Space Available

      1,200 SF space for lease on Rosser Avenue.
      1835 Rosser Ave, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr
      7,326 SF

      Main Street Retail or Brewery

      Multi-level retail or brewery space on Main Street for lease.
      411 Main St W, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      Freestanding Retail Building in Waynesboro

      1,822 SF retail building with high visibility and parking.
      2101 W Main St, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 901 W Broad St.
      901 W Broad St, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr
      1,250 SF

      New Commercial Flex Space Available

      Newly constructed flex space in growing Waynesboro commercial corridor.
      260 Sheppard Ct, Waynesboro, VA 22980
      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.
    1980 Rosser Ave
    Waynesboro, VA 22980
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!