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Property profile & analytics
FOR LEASE
Office buildings

488 Frontier Dr Staunton, VA 24401

3,649 SF 1.54 ac lot Built 1989
Entity Owned Free & Clear
Property ID
US87-3322510
Property summary
AI-generated overview

This exceptional 2,814-square-foot commercial property, situated on a 1.55-acre lot in Staunton, Virginia, presents a unique opportunity for lease. Previously a bank branch, the building features a three-lane drive-thru, adding significant potential for various uses. The property's General Business (GB) zoning allows for a wide range of businesses, including retail, restaurant, medical offices, and more. Located at the signalized intersection of Frontier Drive and Lee Highway, this high-visibility site benefits from substantial traffic counts exceeding 19,000 vehicles daily. Its strategic location near major interstates I-81 and I-64 ensures excellent accessibility and strong visibility, further enhanced by a pylon sign. The property includes 26 parking spaces and is conveniently situated near established businesses such as Red Lobster, Applebee's, McDonald's, and more. Built in 1989, this single-story building offers a blank canvas for renovation or a build-to-suit project. The property's tax cost per square foot is $2.30. The address is 488 Frontier Dr, Staunton, VA 24401, within the Staunton & Harrisonburg submarket, Augusta County. This is a single-tenant property with no elevators. The cross street is Benton Blvd.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 3,649 SF
Lot 1.54 ac (67,300 SF)
Zoning code GENERAL BUSINESS
APN 055 83C
UPID US87-3322510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael Walters - Truist Mortgage Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$573k
Blend (final) Blend
$615k
Owner & transaction history
Augusta Opportunities3 LLC
Augusta Opportunities3 LLC
since 2025
Last sale
$765,000
2 recorded transactions
2025
$765,000
2022
$560,000
Zoning & alternative use
GENERAL BUSINESS · Staunton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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