Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1370 Shenandoah Ave Front Royal, VA 22630-3636

    • Motels
    • 3,206 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1392401
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blue Ridge Motel / Hotel & Motel

    Property Details for 1370 Shenandoah Ave

    Lot size
    1.05 lot acres
    Property size
    3,206 SF
    Zone code
    C1
    Property type
    Motels
    APN
    20A220 G C1A
    APU
    20A220GC1A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.1996
    Latitude
    38.9347
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,751
    $640,300
    $329,300
    $969,600
    -
    $640,300
    $329,300
    $969,600

    Comparable in this City

    • Value Estimation
      $695,000
      1,600 SF

      9800 Winchester Rd

      MOTEL • 1,600 SF
      9800 Winchester Rd, Front Royal, VA 22630-7103
      View Details
    • Value Estimation
      $2,270,000
      600 SF

      141 15th St

      MOTEL • 600 SF
      141 15th St, Front Royal, VA 22630-3611
      View Details
    • Value Estimation
      $615,000
      6,288 SF

      53 14th St

      MOTEL • 6,288 SF
      53 14th St, Front Royal, VA 22630-3605
      View Details
    • Value Estimation
      $1,745,000
      20,364 SF

      10 Commerce Ave

      MOTEL • 20,364 SF
      10 Commerce Ave, Front Royal, VA 22630-3010
      View Details
    • Value Estimation
      $535,000
      1,408 SF

      1122 Royal Ave

      MOTEL • 1,408 SF
      1122 Royal Ave, Front Royal, VA 22630-3526
      View Details
    • Value Estimation by Request
      4,092 SF

      413 Royal Ave

      MOTEL • 4,092 SF
      413 Royal Ave, Front Royal, VA 22630-3229
      View Details

    Similar Nearby for Sale

    • $1,399,999

      Prime Commercial Property Near Skyline Drive

      High-visibility commercial property suitable for retail, restaurant, or hospitality.
      865 John Marshall Hwy, Front Royal, VA 22630
      View Details
    • $549,900

      Specialty Property For Sale

      Specialty property available for sale.
      1047 Goodview Dr, Front Royal, VA 22630
      View Details
    • $149,900
      1.64 Acres

      Buildable Land with Mountain Views

      1.6 acre building lot with mountain views near town.
      Fox Hl Dr, Front Royal, VA 22630
      View Details
    • $50,000
      2.00 Acres

      Serene Wooded Lot in Front Royal

      Wooded lot near Front Royal, Shenandoah River, and Skyline Drive.
      Old Cave Rd, Front Royal, VA 22630
      View Details
    • $585,000

      Lake Frederick Specialty Property For Sale

      Specialty property available in Lake Frederick, Virginia.
      113 Mallard Dr, Lake Frederick, VA 22630
      View Details
    • $360,000

      Specialty Property For Sale

      Specialty property available for purchase.
      676 Western Ln, Front Royal, VA 22630
      View Details

    Similar Nearby for Lease

    • $2,600 /Mo
      2,044 SF

      New Townhomes with Modern Amenities

      Three-level townhomes featuring modern amenities and immediate occupancy.
      326 W 11Th St, Front Royal, VA 22630
      View Details
    • $74,973

      Prime Corner Lot for Lease

      0.6854 acre corner lot near I-66 for lease.
      Front Royal Pike, Front Royal, VA 22630
      View Details
    • $5,999 /Mo

      Retail/Office/Restaurant Building For Lease

      2,699+-sf retail/office/restaurant building on 1 acre for lease.
      22 W 14Th St, Front Royal, VA 22630
      View Details
    • $2,500 /Mo

      Office Building in Business Corridor

      1500 sq ft office building available for lease.
      422 Laura Virginia Hale Pl, Front Royal, VA 22630
      View Details
    • Contact for pricing
      80,000 SF

      Retail Space Near Major Anchors

      Retail suites and restaurant space available near I-66 and I-81.
      10-40 Riverton Commons Dr, Front Royal, VA 22630
      View Details
    • $495 /Mo
      14,810 SF

      Historic Office Space in Front Royal

      Main level office space in historic Front Royal building.
      106 Chester St, Front Royal, VA 22630
      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.
    1370 Shenandoah Ave
    Front Royal, VA 22630-3636
    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!