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LSK Plaza 632-634 Charles St 18,460 SF 100% Leased Retail Building Staunton, VA 24401 $2,450,000 ($132.72/SF) 6.32% Cap Rate
Executive Summary
632-634 Charles St represents a rare opportunity to acquire a fully-occupied, stabilized mixed-use portfolio in the heart of Staunton, Virginia. Comprising of approximately .98 acres, the portfolio offers a compelling blend of commercial retail income and multifamily residential cash flow with zero vacancy across all 24 units. LSK Plaza is ideally suited for a 1031 exchange buyer, portfolio investor, or owner-user seeking a turnkey, income-producing asset in a growing Shenandoah Valley market. The portfolio benefits from long-term tenant relationships, established commercial anchor tenants, and a proven track record of consistent occupancy. OWNER AGENT.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$224,700
|
$20.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,700
|
$20.51
|
| Taxes |
$14,409
|
$1.32
|
| Operating Expenses |
$55,448
|
$5.06
|
| Total Expenses |
$69,857
|
$6.38
|
| Net Operating Income |
$154,843
|
$14.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $224,700 |
| Annual Per SF | $20.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $224,700 |
| Annual Per SF | $20.51 |
| Taxes | |
|---|---|
| Annual | $14,409 |
| Annual Per SF | $1.32 |
| Operating Expenses | |
|---|---|
| Annual | $55,448 |
| Annual Per SF | $5.06 |
| Total Expenses | |
|---|---|
| Annual | $69,857 |
| Annual Per SF | $6.38 |
| Net Operating Income | |
|---|---|
| Annual | $154,843 |
| Annual Per SF | $14.14 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
18,460 SF
Building Class
C
Year Built
1979
Price
$2,450,000
Price Per SF
$132.72
Cap Rate
6.32%
NOI
$154,843
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
1.35 AC
Zoning
B2 - General Business
Parking
10 Spaces (0.54 Spaces per 1,000 SF Leased)
Frontage
119’ on Charles St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Built-In Rainbows International Llc
- Professional, Scientific, and Technical Services
- -
- $3.60
- Plus Electric
- Oct 2016
- Healing Connections Va Llc
- Public Administration
- -
- -
- -
- -
- Maybush Maytag Laundry
- Services
- -
- -
- -
- -
- Relax Therapeutic Massage Llc
- Services
- -
- -
- -
- -
- Taxi Cab Dispatcher
- Transportation and Warehousing
- -
- $3.60
- Plus Electric
- Apr 2016
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Built-In Rainbows International Llc | Professional, Scientific, and Technical Services | - | $3.60 | Plus Electric | Oct 2016 | |
| Healing Connections Va Llc | Public Administration | - | - | - | - | |
| Maybush Maytag Laundry | Services | - | - | - | - | |
| Relax Therapeutic Massage Llc | Services | - | - | - | - | |
| Taxi Cab Dispatcher | Transportation and Warehousing | - | $3.60 | Plus Electric | Apr 2016 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5191 | Total Assessment | $1,619,000 (2025) |
| Land Assessment | $253,500 (2025) | Annual Taxes | $14,409 ($0.78/SF) |
| Improvements Assessment | $1,365,500 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5191
Land Assessment
$253,500 (2025)
Improvements Assessment
$1,365,500 (2025)
Total Assessment
$1,619,000 (2025)
Annual Taxes
$14,409 ($0.78/SF)
Tax Year
2026
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LSK Plaza | 632-634 Charles St