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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
842 Shenandoah Ave, Front Royal, VA 22630-3573
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1862200
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
4,945 SF
Lot
0.38 ac (16,466 SF)
Zoning code
R3
APN
20A5 227 5
UPID
US87-1862200
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
-
Ageless M.D. Weight Loss and HCG Diet Clinic Weight Loss Service Family Practice Physician
-
Tiara Harrison Dental Office
-
Jonathan Anderson Physician
-
Wayne's Doctors Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Department Of General Services · 4 yrs held
Department Of General Services
since 2022
4 recorded transactions
Zoning & alternative use
R3 · Front Royal, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Front Royal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Front Royal submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,000,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$660,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,490
Tax year 2024
Assessed value
$712,200
Assessed 2024
Previous assessed
$712,200
+0.0% YoY
Effective rate
0.49%
On assessed value
Assessed land
$148,500
Assessed improvement
$563,700
Land market value
$148,500
Improvement market value
$563,700
Total market value
$712,200
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
12
Bathrooms
3
Total area
4,945 SF
Lot
0.38 ac (16,466 SF)
Zoning code
R3
APN
20A5 227 5
UPID
US87-1862200
Jurisdiction
WARREN
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R3 · Front Royal, VA
Zoning R3 · permitted uses
R3 · Front Royal, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Front Royal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RETAIL STORES
Est. value
$660,000
WAREHOUSE, STORAGE
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Department Of General Services
Entity
Free & Clear · 4 yrs held
Mailing address
3724 LINDA LN, ANNANDALE, VA 22003-1510
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Department Of General Services
842 N Shenandoah LLC
Lease
—
Jan 24, 2022
—
Commonwealth Of Virginia
842 N Shenandoah LLC
Lease
—
Nov 3, 2021
—
842 N Shenandoah LLC
Jklee Services LLC
Gift Deed
related
—
Mar 30, 2012
$700,000
Jklee Services LLC
Family Practice Properties Lc
Deed
$560,000 · Family Practice Properties Lc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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