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

    23 Montrose Dr Fishersville, VA 22939

    • Commercial real estate
    • 1,092 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3320279
    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

    • Commercial real estate

    Property Details for 23 Montrose Dr

    Lot size
    0.66 lot acres
    Property size
    1,092 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Fishersville, VA, presents a unique investment opportunity. Situated on Route 250, the 0.66-acre lot boasts 150 feet of prominent road frontage, ensuring high visibility for your business. The existing 1,092 square foot building is ideally suited for office space or rental income. Recent improvements include a fresh exterior paint job and a brand-new roof installed on December 24th. The original hardwood floors have been beautifully restored and are ready for immediate use. This property offers significant potential for immediate income generation and future expansion. An adjacent 0.68-acre lot is also available for purchase, adding nearly 200 feet of additional road frontage on Route 250. This cleared, nearly level lot presents a fantastic opportunity to expand your business or develop additional income streams. The combined properties offer a substantial footprint for a variety of commercial ventures, making this a truly compelling investment opportunity in a desirable location. The asking price is $305,000. Consider the potential of owning both parcels for an even more significant return on investment.

    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
    Fishersville
    County
    Augusta
    State
    Virginia
    Longitude
    -78.97198
    Latitude
    38.10041

    Comparable in this City

    • Contact for pricing
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      Downtown Appleton Office Space

      Class A Office, 18,222 SF Available
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    • $2,118,000
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      3.39 Acres in Fishersville, VA

      3.39 acres zoned General Business in a prime location.
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    • $699,900
      1.30 Acres

      Fishersville Commercial Land For Sale

      Commercial land in growing Fishersville area, ready for development.
      C-1 Ivy Ridge Ln, Fishersville, VA 22939
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    • $649,900
      9.68 Acres

      Commercial Land Near Interstate

      9.68 acre commercial lot near hospital with interstate visibility.
      Tbd Xrd Ln, Fishersville, VA 22939
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23.00 Acres

      Fishersville Industrial Complex

      23-Acre Industrial Property w/ Buildings
      137 Wilson Blvd, Fishersville, VA 22939
      View Details
    • $2,380,000
      4.76 Acres

      Downtown Appleton Office Space

      Class A Office, 18,222 SF Available
      1207 Jefferson Hwy, Fishersville, VA 22939
      View Details
    • $1,500,000
      Pending

      Fishersville Land Development Opportunity

      39.58 acres zoned for business and agriculture near I-64.
      Orr Dr, Fishersville, VA 22939
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    • $367,000
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      Corner Lot in Fishersville, VA

      Corner commercial lot with traffic signal near I-64.
      1 Wilson Blvd, Fishersville, VA 22939
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    • $2,050,000
      2.17 Acres

      Prime Commercial Land Near I-64

      Commercial land in Fishersville, VA, near I-64 and Augusta Medical Center.
      33A Travelers Ter, Fishersville, VA 22939
      View Details

    Similar Nearby for Lease

    • New
      $1.00 SF/Yr

      Stand-Alone Office/Retail Property

      Well-maintained office/retail property with ample parking in a commercial corridor.
      13 Long Meadow Rd, Fishersville, VA 22939
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      Fishersville Medical Office Space

      Brand new Class A office suites available.
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      Windward Pointe Retail Space

      Prime Retail Space, Multiple Suites Available
      30 Windward Dr, Fishersville, VA 22939
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    23 Montrose Dr
    Fishersville, VA 22939
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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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