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

    1937 Millner Rd Strasburg, VA 22657

    • Commercial real estate
    • 8.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1826521
    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

    • Creature Comfort Inn / Kennel & Boarding Facility

    Property Details for 1937 Millner Rd

    Year built
    2006
    Lot size
    8.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8.62-acre retail property in Strasburg, Virginia (22657), located at 1937 Millner Rd, presents a turnkey opportunity for acquiring an established pet boarding and training business. Built in 2006 and zoned A, the property boasts 28 indoor kennels with individual runs, a separate cat room with nine runs and a skylight, and a fully equipped grooming room including a bathing tub, washer, and dryer. Heated flooring throughout the main building and a heated sidewalk enhance comfort. An on-site one-room apartment with a kitchen and full bath provides convenient living quarters. Extensive outdoor space includes fenced areas for training and playtime, along with additional outside runs and cross-fencing, offering ample room for expansion. Interior runs are sealed to prevent cross-contamination. The property also features central vacuum and a water softener. Recent upgrades include new vinyl laminate flooring in the apartment and new carpet in the cat room (installed July 18th). This move-in ready business is offered at $800,000. This is an excellent opportunity to own a thriving, well-equipped pet care facility in the heart of the Shenandoah Valley.

    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
    Strasburg
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.4063956
    Latitude
    38.9618844

    Comparable in this City

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    • $60,000
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      24.53 Acres Development Opportunity

      24.53 acres zoned R1, prime development or rebuild opportunity.
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    • New
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    Similar Nearby for Sale

    • $344,900

      Strasburg Specialty Property for Sale

      Specialty property available for purchase in Strasburg, Virginia.
      289 Locust Dr, Strasburg, VA 22657
      View Details
    • $60,000
      0.45 Acres

      Strasburg Land with Mountain Views

      Residential lot in Strasburg, near amenities and commuter routes.
      Pleasant View Dr, Strasburg, VA 22657
      View Details
    • $415,000
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      Strasburg Commercial Building For Sale

      Versatile 2,848 sq. ft. commercial building in historic Strasburg.
      145 E King St, Strasburg, VA 22657
      View Details
    • $1,100,000
      24.53 Acres

      24.53 Acres Development Opportunity

      24.53 acres zoned R1, prime development or rebuild opportunity.
      572 Red Bud Rd, Strasburg, VA 22657
      View Details
    • New
      $3,400,000
      13.13 Acres

      Prime Commercial Site on Highway

      13.13-acre commercial site with highway frontage and excellent visibility.
      Old Valley Pike, Strasburg, VA 22657
      View Details
    • $350,000
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      239 King St, Strasburg, VA 22657

      Office Properties & Spaces • 3,256 SF
      239 King St, Strasburg, VA 22657
      View Details

    Similar Nearby for Lease

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    • Contact for pricing
      137,000 SF

      Distribution Facilities with Loading Docks

      Distribution facilities offering multiple loading options and trailer parking.
      1 Shenandoah Valley Dr, Strasburg, VA 22657
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    • Contact for pricing
      187,000 SF

      Warehouse Space with Trailer Storage

      Distribution facilities featuring multiple loading options and trailer storage.
      2 Shenandoah Valley Dr, Strasburg, VA 22657
      View Details
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    1937 Millner Rd
    Strasburg, VA 22657
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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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