Property profile

408 Commerce Ave Waynesboro, VA 22980

OFF-MARKET
Commercial real estate
Property ID
US87-2518613
4,020 SF 0.13 ac lot Built 1949
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Total area 4,020 SF
Lot 0.13 ac (5,750 SF)
Zoning code MX-B
APN 46 1 34- 19
UPID US87-2518613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

408 Commerce Ave Waynesboro, VA 22980-4029
Waynesboro metro Census 3200 STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

Zoning & alternative use

MX-B · Waynesboro, VA
Zoning description

This district is established to provide greater flexibility in areas of the City with housing in close proximity to legacy industrial and commercial structures, and a historic urban subdivision pattern with gridded infra…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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