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238 E King St 1,812 SF Office Building Strasburg, VA 22657 $325,000 ($179.36/SF) 9.60% Cap Rate
Investment Highlights
- Proven Income
- Mixed Use, Main Entrance with two seperate units
- Vacant- Immediate Possession & Control
Executive Summary
Motivated seller relocating internationally for postdoctoral research position, must close by June/July 2026.
Closing coordinated through Grabill and Cook Attorneys, established firm with commercial real estate experience in Shenandoah Valley.
Previous contract terminated due to buyer's residential financing attempt on commercial property. Commercial loan prequalification or proof of funds now required before showings to ensure qualified buyers and smooth transaction.
Priced at $325K based on 9.6% cap rate with documented income and upside potential. Ready to move forward immediately with qualified investor.
Closing coordinated through Grabill and Cook Attorneys, established firm with commercial real estate experience in Shenandoah Valley.
Previous contract terminated due to buyer's residential financing attempt on commercial property. Commercial loan prequalification or proof of funds now required before showings to ensure qualified buyers and smooth transaction.
Priced at $325K based on 9.6% cap rate with documented income and upside potential. Ready to move forward immediately with qualified investor.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
1,812 SF
Building Class
C
Year Built/Renovated
1922/2023
Price
$325,000
Price Per SF
$179.36
Cap Rate
9.60%
NOI
$31,200
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
906 SF
Building FAR
0.69
Lot Size
0.06 AC
Zoning
Historic Community - Mixed Use Commericial, Historic downtown Strasburg Virginia
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Property Taxes
| Parcel Number | 025A3-A-307 | Total Assessment | $141,500 (2025) |
| Land Assessment | $54,900 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $86,600 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
025A3-A-307
Land Assessment
$54,900 (2025)
Improvements Assessment
$86,600 (2025)
Total Assessment
$141,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Presented by
Aya Noble Holdings LLC
238 E King St
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