Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2353 Jefferson Hwy Waynesboro, VA 22980-9567
    Property profile & analytics

    2353 Jefferson Hwy Waynesboro, VA 22980-9567

    View on Map
    • Office buildings
    • 4,356 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Mar 15, 2021
    $342,000
    Property ID
    US87-3339717
    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

    • Business Financials, Inc. / Accounting Firm

    Property Details for 2353 Jefferson Hwy

    Year built
    1993
    Lot size
    0.41 lot acres
    Property size
    4,356 SF
    Zone code
    LIMITED BUSINESS
    Property type
    Office buildings
    APN
    067C 10 8
    APU
    067C108

    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
    Waynesboro
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9457
    Latitude
    38.0885
    CBSA code
    44420
    CBSA name
    STAUNTON-WAYNESBORO, VA MICROPOLITAN 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
    2023
    $2,090
    $143,700
    $235,300
    $379,000
    -
    $143,700
    $235,300
    $379,000

    Comparable in this City

    • Value Estimation by Request
      10,552 SF

      1358 Side Hwy

      OFFICE BUILDING • 10,552 SF
      1358 Side Hwy, Waynesboro, VA 22980
      View Details
    • Value Estimation by Request
      3,252 SF

      3396 Stuarts Draft Hwy

      OFFICE BUILDING • 3,252 SF
      3396 Stuarts Draft Hwy, Waynesboro, VA 22980-7324
      View Details
    • Value Estimation by Request
      1,998 SF

      249 Aero Dr

      OFFICE BUILDING • 1,998 SF
      249 Aero Dr, Waynesboro, VA 22980-6524
      View Details
    • Value Estimation by Request
      3,740 SF

      1775 Goose Crk Rd

      OFFICE BUILDING • 3,740 SF
      1775 Goose Crk Rd, Waynesboro, VA 22980-6513
      View Details
    • Value Estimation
      $1,005,000
      21,000 SF

      39 Hutchwood Ln

      OFFICE BUILDING • 21,000 SF
      39 Hutchwood Ln, Waynesboro, VA 22980-7336
      View Details
    • Value Estimation by Request
      3,686 SF

      2448 Jefferson Hwy

      OFFICE BUILDING • 3,686 SF
      2448 Jefferson Hwy, Waynesboro, VA 22980-6504
      View Details

    Similar Nearby for Sale

    • $400,000
      3,552 SF

      Prime Commercial Investment Opportunity

      High-visibility property with mixed-zoning in downtown Waynesboro.
      903 Main St E, Waynesboro, VA 22980
      View Details
    • $699,000
      12,002 SF

      Versatile Commercial Building in Downtown

      Multi-level commercial building with high visibility and flexible space.
      411 Main St W, Waynesboro, VA 22980
      View Details
    • $89,900
      1,250 SF

      Medical Office Space For Sale

      Medical office space featuring examining rooms and reception area.
      1305 13Th St, Waynesboro, VA 22980
      View Details
    • $244,900
      2,390 SF

      Waynesboro Office Condo For Sale

      Move-in ready office condo in thriving Waynesboro, Virginia.
      1305 13Th St, Waynesboro, VA 22980
      View Details
    • $38,000
      427 SF

      Waynesboro Office Condo For Sale

      Office condo for sale, suitable for small business.
      25 Stoneridge Dr, Waynesboro, VA 22980
      View Details
    • $575,000
      8,124 SF

      Industrial Flex Space Opportunity

      Versatile industrial building suitable for manufacturing, warehouse, or flex space.
      1367 Hopeman Pkwy, Waynesboro, VA 22980
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      4,230 SF

      Office Suites on Rosser Avenue

      Two office suites available for rent with high visibility.
      201 Rosser Ave, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr

      Private Offices in Waynesboro, VA

      Private offices for rent with utilities included and conference room access.
      362 S Laurel Ave, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr

      Refurbished Office Condo in Waynesboro

      Move-in ready office condo with utilities included in Waynesboro.
      1305 13Th St, Waynesboro, VA 22980
      View Details
    • Contact for pricing

      Office or Retail Space Available

      1,200 SF space for lease on Rosser Avenue.
      1835 Rosser Ave, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr

      Renovated Office Space on Route 250

      Ground-floor office space with private entrance, multiple offices, and kitchen.
      20 Stoneridge Dr, Waynesboro, VA 22980
      View Details
    • $1.00 SF/Yr
      33,541 SF

      Turnkey Office Suite in Waynesboro

      Turnkey office suite with private entrance and ample parking.
      45 Stoneridge Dr, Waynesboro, VA 22980
      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.
    2353 Jefferson Hwy
    Waynesboro, VA 22980-9567
    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

    Thank You for Inquiry
    2353 Jefferson Hwy, Waynesboro, VA, 22980
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!