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    20 E 8Th St Front Royal, VA 22630
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    Property profile & analytics

    20 E 8Th St Front Royal, VA 22630

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    • Warehouses
    • 3,360 SF
    • 0.29 lot acres
    For Lease
    $3,500/Mo
    View Listing →
    Warehouse Space Available for Rent For Lease
    $3,500/Mo

    Warehouse Space Available for Rent

    4,000 SF warehouse space, office/retail space also available.

    20 E 8th St, FRONT ROYAL, Front Royal, VA 22630
    View Listing
    Property ID
    US87-1843990
    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.
    Value Estimations
    $540,000
    Cap Rate Potential
    9.4%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Vesta Handyman / Hardware & Home Improvement / General Contractor
    • Vesta-NOW / Electrical Service
    • HEIS Energy / Production Facility
    • Vesta Property Management / Property Management Company / Property Maintenance
    • Vesta Home Energy / Electrician / Energy Equipment And Solutions

    Property Details for 20 E 8Th St

    Year built
    1940
    Lot size
    0.29 lot acres
    Property size
    3,360 SF
    Zone code
    C1
    Property type
    Warehouses
    APN
    20A5 634 24
    APU
    20A563424

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $542,000
      Market price range: $462k - $983k
      AI Estimate
      $528,000
      Market price range: $457k - $926k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $700,000
      Current use
      OFFICE BUILDING
      $665,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.1931
    Latitude
    38.9291
    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
    $2,479
    $100,800
    $405,100
    $505,900
    -
    $100,800
    $405,100
    $505,900

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      3611 Browntown Rd

      MINI-WAREHOUSE, STORAGE • 1,296 SF
      3611 Browntown Rd, Front Royal, VA 22630-7805
      View Details
    • Value Estimation
      $800,000
      5,356 SF

      106 14th St

      MINI-WAREHOUSE, STORAGE • 5,356 SF
      106 14th St, Front Royal, VA 22630-3608
      View Details
    • Value Estimation by Request
      2,484 SF

      123 17th St

      MINI-WAREHOUSE, STORAGE • 2,484 SF
      123 17th St, Front Royal, VA 22630-3617
      View Details
    • Value Estimation by Request
      1,540 SF

      1775 Rivermont Dr

      MINI-WAREHOUSE, STORAGE • 1,540 SF
      1775 Rivermont Dr, Front Royal, VA 22630-8405
      View Details
    • Value Estimation by Request
      2,202 SF

      22 13th St

      MINI-WAREHOUSE, STORAGE • 2,202 SF
      22 13th St, Front Royal, VA 22630-3602
      View Details
    • Value Estimation by Request
      884 SF

      810 14th St

      MINI-WAREHOUSE, STORAGE • 884 SF
      810 14th St, Front Royal, VA 22630-2918
      View Details

    Similar Nearby for Sale

    • $369,000

      Versatile Industrial Building For Sale

      2,788 SF industrial building suitable for light commercial operations.
      606 Massanutten Ave, Front Royal, VA 22630
      View Details
    • $1,432,800

      284 Acres Wooded Retreat

      284 acres of wooded land for recreation and hunting.
      922 Mnr Rd #Lots, Front Royal, VA 22630
      View Details
    • Contact for pricing

      Retail Development Site I-66 Corridor

      1.7-acre commercial development parcel near I-66 in Front Royal, VA.
      986 John Marshall Hwy, Front Royal, VA 22630
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      341,120 SF

      Industrial Park Build-to-Suit Opportunity

      53.57 acre site near Virginia Inland Port.
      Baugh Dr & Baker Plz, Front Royal, VA 22630
      View Details
    • $3,500 /Mo

      Warehouse Space Available for Rent

      4,000 SF warehouse space, office/retail space also available.
      20 E 8Th St, Front Royal, VA 22630
      View Details
    • $15 SF/Yr

      Front Royal Office Space Available

      Office space for lease in excellent condition with ample parking.
      824 John Marshall Hwy, Front Royal, VA 22630
      View Details
    • $3,000 /Mo

      Golf Course Home for Rent

      Furnished 3BR home on golf course, ideal for business.
      134A Golf Club Cir, Front Royal, VA 22630
      View Details
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    Front Royal, VA 22630
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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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