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    214 Royal Ave Front Royal, VA 22630
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    Property profile & analytics

    214 Royal Ave, Front Royal, VA 22630

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    • Commercial real estate
    • 3,396 SF
    Off-Market
    Property ID
    US87-1406519
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Royal Oak Community Church / Church

    Property Details for 214 Royal Ave

    Year built
    1900
    Property type
    Commercial real estate

    Description

    This unique 3,396 sq ft mixed-use property in Front Royal, VA, offers a blend of historic charm and modern convenience. Built in 1900 with a significant addition in 1990, this two-story building sits on a spacious 17,598 sq ft lot and boasts elegant rooms with original hardwood floors, skylights, and recessed lighting. The property features an updated kitchen, a large laundry room, a butler's pantry, and an additional mini-kitchen. A large unfinished basement provides ample storage. The C1 commercial zoning allows for diverse uses, from retail and restaurants to offices and professional services. Located in the heart of downtown, it's within walking distance of shops, restaurants, and entertainment. Street parking and multiple rear parking spaces are available. This 100% occupied, fee-simple property presents a rare opportunity to own a piece of Front Royal's history while capitalizing on its vibrant downtown location. The property's versatility and prime location make it an exceptional investment opportunity. The asking price is $739,500.

    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
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.1932685
    Latitude
    38.9153638

    Comparable in this City

    • Contact for pricing

      Mixed-Use Property with Restaurant

      Restaurant and four apartments in high-traffic Front Royal location.
      1202 N Royal Ave, Front Royal, VA 22630
      View Details
    • $329,000

      Renovated Commercial Property in Front Royal

      C-1 zoned property with renovation, ideal for commercial use.
      518 Warren Ave, Front Royal, VA 22630
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      Prime Corner Lot in Front Royal

      Commercial property with road frontage, mountain views, and ample parking.
      303 W 10Th St, Front Royal, VA 22630
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    • $1,500,000

      Former Bank Retail Opportunity

      5,344 SF former bank with renovation started in superior location.
      1355 N Shenandoah Ave, Front Royal, VA 22630
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    • Contact for pricing
      3,044 SF

      Retail Space For Sale

      Retail space available for sale, offering a 6.25% CAP.
      130 Riverton Commons Dr, Front Royal, VA 22630
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property with Restaurant

      Restaurant and four apartments in high-traffic Front Royal location.
      1202 N Royal Ave, Front Royal, VA 22630
      View Details
    • $329,000

      Renovated Commercial Property in Front Royal

      C-1 zoned property with renovation, ideal for commercial use.
      518 Warren Ave, Front Royal, VA 22630
      View Details
    • $425,000

      Prime Corner Lot in Front Royal

      Commercial property with road frontage, mountain views, and ample parking.
      303 W 10Th St, Front Royal, VA 22630
      View Details
    • $1,500,000

      Former Bank Retail Opportunity

      5,344 SF former bank with renovation started in superior location.
      1355 N Shenandoah Ave, Front Royal, VA 22630
      View Details
    • Contact for pricing
      3,044 SF

      Retail Space For Sale

      Retail space available for sale, offering a 6.25% CAP.
      130 Riverton Commons Dr, Front Royal, VA 22630
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      30,056 SF

      Prime Commercial Location, Front Royal

      High-visibility commercial property suitable for various business ventures.
      865 John Marshall Hwy, Front Royal, VA 22630
      View Details
    • 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
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    • Contact for pricing
      4,800 SF

      Retail Space Near Walmart, Lowes

      Retail space with excellent visibility and strategic location.
      70 Riverton Cmns Plz, Front Royal, VA 22630
      View Details
    • Contact for pricing

      Retail Space in Cedarville Corners

      Retail space for lease in a growing commercial area.
      8506 Winchester Rd, 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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