315 10Th StFront Royal, VA 22630

Property Details for 315 10Th St

Year built

1978

Lot size

0.37 AC

Property size (Sq ft)

1,088 SF

Zone code

R3

Property type

Healthcare properties

Property subtype

Medical offices

APN

20A5 242 25

APU

20A524225

Description

This fully leased, multi-tenant medical building presents a compelling investment opportunity in Front Royal, Virginia. The all-brick structure is in excellent condition and boasts over 9,000 square feet of space on a 1.1+ acre lot. All situated on one level for easy accessibility, the building features three established medical tenants, providing a stable income stream. The Gross Operating Income (GOI) is $8,100 per month. The property includes ample parking, is fully ADA compliant, and features all new windows. An additional 1,500 square feet of dry storage space adds to the functionality. The building's prime location off Shenandoah Avenue, just a block from the Hill Valley Healthcare Campus (formerly Warren Memorial Hospital), ensures high visibility and convenient access. This exceptional property is ideal for investors seeking a strong return, and its characteristics make it particularly suitable for a 1031 exchange. The asking price is $1,499,000, with reasonable offers encouraged. This is a rare opportunity to acquire a well-maintained, income-producing medical building in a thriving healthcare market.

• CAP approach

  CAP return

  Valuation

  6%

  $258,955

  6.5%

  $239,036

  7%

  $221,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,535

  Geo Method

  $217,535

• Alternative Use

  Use

  Valuation

  Residential

  $296,404

  Hospitality

  $271,505

  Educational

  $225,889

  Medical

  $233,657

  Retail

  $351,382

Location Insight

City

Front Royal

County

Warren

State

Virginia

Latitude

38.9312

Longitude

-78.2

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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