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    1020 Jefferson Hwy Staunton, VA 24401
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    Property profile & analytics

    1020 Jefferson Hwy Staunton, VA 24401

    View on Map
    • Office buildings
    • 7,848 SF
    • 0.81 lot acres
    For Sale
    $1,799,900
    View Listing →
    Two Office Buildings For Sale For Sale
    $1,799,900
    10,888 SF

    Two Office Buildings For Sale

    Two well-maintained office buildings totaling 10,888 SF.

    24 Idlewood Blvd, Staunton, VA 24401
    View Listing
    Property ID
    US87-3300384
    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

    • Todd E. Robson, DC / Alternative Medicine Practice
    • United Way / Social Service Agency / Charitable Organization

    Property Details for 1020 Jefferson Hwy

    Year built
    1997
    Lot size
    0.81 lot acres
    Property size
    7,848 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Office buildings
    APN
    066B 8 B
    APU
    066B8B

    Description

    This exceptional commercial property, situated on a 0.82-acre lot at 24 IDLEWOOD BLVD in Staunton, VA, presents a rare investment opportunity. Boasting a total of 20,888 square feet, the property comprises two meticulously maintained office buildings strategically located on Route 250, between Staunton and Waynesboro, near the intersection of Lifecore Drive and Woodrow Wilson Avenue. The main building, facing Jefferson Highway, is a two-story structure with 1440 square feet on each floor. The secondary building offers a more expansive layout, featuring 4700 square feet on the ground floor, 1500 square feet on the second floor, and an additional 1500 square feet in a lower-level space. A total of eight individual suites are available, each thoughtfully designed with its own private restroom, providing maximum convenience and privacy for tenants. The property's prime location ensures high visibility and easy access for clients and employees, making it an ideal investment for a variety of commercial uses. The asking price for this exceptional property is $1,850,000. This presents a unique chance to acquire a well-maintained, high-traffic commercial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,232,000
      Market price range: $579k - $1.23M
      AI Estimate
      $1,001,000
      Market price range: $355k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9995
    Latitude
    38.1114
    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
    $5,291
    $292,300
    $817,300
    $1,109,600
    -
    $292,300
    $817,300
    $1,109,600

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      10,888 SF

      Two Office Buildings For Sale

      Two well-maintained office buildings totaling 10,888 SF.
      24 Idlewood Blvd, Staunton, VA 24401
      View Details
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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Well-Maintained Office Building For Rent

      Two-story office building with restrooms and breakrooms on each floor.
      1020 Jefferson Hwy, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Office Building in Staunton, VA

      Small office building with great parking and excellent visibility.
      8 Morris Mill Rd, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      2,880 SF

      Well-Maintained Brick Office Building

      Two-story office building with restrooms and breakrooms on each floor.
      1020 Jefferson Hwy, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      672 SF

      Greenbrier Office Park Sublease

      Affordable office space in Staunton's Greenbrier Office Park.
      1600 Coalter St N, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      672 SF

      Greenbrier Office Park Office Space

      Affordable office space for rent in Staunton's Greenbrier Office Park.
      1600 Coalter St N, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      3,500 SF

      Greenville Avenue Flex Space Available

      End suite with office/retail and flex space for rent.
      1215 Greenville Ave, Staunton, VA 24401
      View Details
    View Listing
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    Staunton, VA 24401
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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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