Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9 Lawyers Row Staunton, VA 24401-4254

    • Office buildings
    • 8,415 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2449227
    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

    • Amanda Shrader Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Virginia Creative Collective / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 9 Lawyers Row

    Year built
    1903
    Lot size
    0.07 lot acres
    Property size
    8,415 SF
    Zone code
    B2
    Property type
    Office buildings
    APN
    1768
    APU
    1768

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Staunton
    County
    Staunton City
    State
    Virginia
    Longitude
    -79.0718
    Latitude
    38.1487
    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
    $5,621
    $15,900
    $524,600
    $540,500
    -
    $15,900
    $524,600
    $540,500

    Comparable in this City

    • Value Estimation by Request
      825 SF

      837 Spg Hl Rd

      OFFICE BUILDING • 825 SF
      837 Spg Hl Rd, Staunton, VA 24401-2866
      View Details
    • Value Estimation by Request
      2,065 SF

      627 Coalter St

      OFFICE BUILDING • 2,065 SF
      627 Coalter St, Staunton, VA 24401-3404
      View Details
    • Value Estimation
      $1,255,000
      14,194 SF

      28 Imperial Dr

      OFFICE BUILDING • 14,194 SF
      28 Imperial Dr, Staunton, VA 24401-6654
      View Details
    • Value Estimation by Request
      2,264 SF

      1411 Beverley St

      OFFICE BUILDING • 2,264 SF
      1411 Beverley St, Staunton, VA 24401-3117
      View Details
    • Value Estimation
      $770,000
      5,460 SF

      1603 Coalter St

      OFFICE BUILDING • 5,460 SF
      1603 Coalter St, Staunton, VA 24401-2552
      View Details
    • Value Estimation by Request
      1,219 SF

      438 Greenville Ave

      OFFICE BUILDING • 1,219 SF
      438 Greenville Ave, Staunton, VA 24401-4643
      View Details

    Similar Nearby for Sale

    • $945,000
      7,700 SF

      Two Office Buildings on Route 250

      Two well-maintained office buildings totaling 7,700 SF on Route 250.
      24 Idlewood Blvd, Staunton, VA 24401
      View Details
    • $255,000

      Staunton Office Building For Sale

      Office building in Staunton, VA, close to downtown.
      2408 Cedar St, Staunton, VA 24401
      View Details
    • $443,000
      2,144 SF

      Commercial Building with Garage, Corner Lot

      Commercial building with garage on a corner lot with easy access.
      1932 Spring Hill Rd, Staunton, VA 24401
      View Details
    • Contact for pricing
      10,888 SF

      Two Office Buildings For Sale

      Two well-maintained office buildings totaling 10,888 SF.
      24 Idlewood Blvd, Staunton, VA 24401
      View Details
    • $550,000
      3,658 SF

      Versatile Staunton Property Near Downtown

      Adaptable commercial/residential property with expansion potential near downtown Staunton.
      705 Richmond Ave, Staunton, VA 24401
      View Details
    • $1,350,000
      27,877 SF

      Historic Beaux Arts Bank Building

      Mixed-use property in downtown Staunton, ideal for investment.
      2 Beverley St W, Staunton, VA 24401
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Office Building in Staunton, VA

      Small office building with great parking and excellent visibility.
      8 Morris Mill Rd, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr
      2,880 SF

      Well-Maintained Brick Office Building

      Two-story office building with restrooms and breakrooms on each floor.
      1020 Jefferson Hwy, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Well-Maintained Office Building For Rent

      Two-story office building with restrooms and breakrooms on each floor.
      1020 Jefferson Hwy, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Flex Space on Greenville Avenue

      End suite with office/retail and flex space available now.
      1215 Greenville Ave, Staunton, VA 24401
      View Details
    • $1.00 SF/Yr

      Staunton Office Space For Rent

      Affordable office space in Staunton's Greenbrier Office Park.
      1600 N Coalter St, Staunton, VA 24401
      View Details
    • Contact for pricing

      Affordable Office Space Available

      Office space for rent in Greenbrier Office Park.
      1600 N Coalter St, Staunton, VA 24401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9 Lawyers Row
    Staunton, VA 24401-4254
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!