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    Property profile & analytics

    702 Richmond Ave Staunton, VA 24401-4953

    • Retail space
    • 2,652 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    $670,000
    Last Sale
    Jun 21, 2023
    $730,000
    Location Intelligence
    Property ID
    US87-3132426
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 702 Richmond Ave

    Construction
    CONCRETE BLOCKS
    Lot size
    0.71 lot acres
    Property size
    2,652 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    8662
    APU
    8662

    Description

    This exceptional 2,652 square foot retail property at 702 Richmond Ave, Staunton, VA 24401, presents a unique investment opportunity. Currently configured as a single-tenant space, the property offers significant flexibility. The existing structure is available for immediate lease, providing a ready-to-occupy solution for a variety of businesses. Alternatively, the property's prime location and expansive potential (up to 4 acres available) make it ideal for redevelopment projects. Its strategic placement on a signalized corner ensures high visibility and accessibility, making it an attractive location for retail, office, or convenience store uses. The property's versatility caters to a wide range of business needs, offering a blank canvas for entrepreneurs and established businesses alike. The single-tenant occupancy provides a streamlined approach to leasing and management. This property is situated in Staunton, Virginia, offering access to a thriving local market and convenient transportation links. Don't miss this chance to secure a highly visible and adaptable commercial space in a desirable location. Inquire today to explore the possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $785,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $730,000
      Geo Method
      $775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $845,000
      Retail
      $885,000
      Mixed-Use
      $760,000
      Hospitality
      $630,000
      Educational
      $885,000
      Residential Income
      $665,000
      Energy
      $875,000
      Income-Based Land
      $705,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.0567
    Latitude
    38.1429
    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
    $2,447
    $196,300
    $78,600
    $274,900
    -
    $196,300
    $78,600
    $274,900

    Comparable in this City

    • Value Estimation by Request
      1,080 SF

      25 Beverley St

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      25 Beverley St, Staunton, VA 24401-4202
      View Details
    • Value Estimation by Request
      1,784 SF

      18 Beverley St

      RETAIL STORES (PERSONAL SERVICES) • 1,784 SF
      18 Beverley St, Staunton, VA 24401-4201
      View Details
    • Value Estimation by Request
      11,414 SF

      1 Middlebrook Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,414 SF
      1 Middlebrook Ave, Staunton, VA 24401-4259
      View Details
    • Value Estimation by Request
      2,816 SF

      7 New St

      RETAIL STORES (PERSONAL SERVICES) • 2,816 SF
      7 New St, Staunton, VA 24401
      View Details
    • Value Estimation
      $225,000
      9,000 SF

      211 Lewis St

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      211 Lewis St, Staunton, VA 24401-3348
      View Details
    • Value Estimation
      $350,000
      6,120 SF

      7 Middlebrook Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,120 SF
      7 Middlebrook Ave, Staunton, VA 24401-4259
      View Details

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    • Contact for pricing
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    702 Richmond Ave
    Staunton, VA 24401-4953
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    Realmo Value Estimation

    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.

    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.

    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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