315 W 10Th St Front Royal, VA 22630
- Medical offices
- 1,088 SF
- 0.37 lot acres
Current Use by Public Records
- Fiat Medical / Medical Clinic
- Spero Health / Addiction Treatment Center
- Aldon Rockwell Collier / Pediatrician
- Front Royal Pediatrics: Savage Tinea J MD / Pediatrician
- Valley Health Lab Services – Front Royal Internal Medicine / Doctor / Medical Laboratory
Property Details for 315 W 10Th St
- Year built
- 1978
- Lot size
- 0.37 lot acres
- Property size
- 1,088 SF
- Zone code
- R3
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 20A5 242 25
- APU
- 20A524225
Description
This fully leased, multi-tenant medical building presents a compelling investment opportunity in Front Royal, Virginia. The all-brick structure is in excellent condition and boasts over 9,000 square feet of space on a 1.1+ acre lot. All situated on one level for easy accessibility, the building features three established medical tenants, providing a stable income stream. The Gross Operating Income (GOI) is $8,100 per month. The property includes ample parking, is fully ADA compliant, and features all new windows. An additional 1,500 square feet of dry storage space adds to the functionality. The building's prime location off Shenandoah Avenue, just a block from the Hill Valley Healthcare Campus (formerly Warren Memorial Hospital), ensures high visibility and convenient access. This exceptional property is ideal for investors seeking a strong return, and its characteristics make it particularly suitable for a 1031 exchange. The asking price is $1,499,000, with reasonable offers encouraged. This is a rare opportunity to acquire a well-maintained, income-producing medical building in a thriving healthcare market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,015,000
- 7%
- $1,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,025,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $865,000
- Retail
- $1,000,000
- Mixed-Use
- $840,000
- Hospitality
- $945,000
- Educational
- $1,120,000
- Residential Income
- $860,000
- Energy
- $1,105,000
- Income-Based Land
- $945,000
- Food Service
- $1,055,000
Location Insight
- Map
- Local Demand
- City
- Front Royal
- County
- Warren
- State
- Virginia
- Longitude
- -78.2
- Latitude
- 38.9312
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
