Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land with Development Potential Title is generated by Realmo AI

    1 GERMANNA HWY, Culpeper, VA 22701

    View on Map
    Claim this Listing
    For Sale
    $800,000

    Approved commercial zoning near technology campus and Germanna Community College.

    Type:Land or Vacant Lot
    Lot size:
    1.59 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    147
    Last Refresh:
    Apr 5 at 9:45 pm

    Property Features for 1 GERMANNA HWY

    General Information

    Standard status
    Active
    Lot size
    1.59 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    RONALD RUDISON

    Listing agent RONALD RUDISON

    Listing office LONG & FOSTER REAL ESTATE, INC.

    Listing date Jan 8, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of LONG & FOSTER REAL ESTATE, INC.

    HighLights

    • Commercial zoning allows for multi‑family use (up to 25 dwelling units per acre, up to 4 stories with retail on main level), hotel/motel, and wholesale sales.
    • High‑traffic location with over 440 feet of frontage on McDevitt Drive, near Germanna Community College.
    • Strategic location across from Culpeper Technology Campus, Phoenix Business Park, and near Wingspread Industrial Park.
    • Public water and sewer available at McDevitt Drive.
    • Wide range of 'By Right Uses' including restaurants, retail, convenience stores, financial institutions, and offices.
    • New, approved roundabout slows traffic at your doorstep.

    Overview

    This commercial land benefits from a zoning change approved on October 14, 2025, by the Town of Culpeper, transitioning from Limited Industrial to Commercial Zoning. The zoning allows for multi-family use up to 25 dwelling units per acre, with a maximum of four stories and retail on the main level, as well as hotel/motel and wholesale sales. 'By Right Uses' include full-service restaurants, carryout and fast-food restaurants, drive-thru restaurants, retail stores and shops, convenience stores, financial institutions, motor vehicle garages, fuel or service stations, and medical/professional offices. Public water and sewer are accessible at McDevitt Drive. The property features over 440 feet of frontage on McDevitt Drive. It is strategically located across the street from the new Culpeper Technology Campus, which spans over 150 acres, opposite Phoenix Business Park (60 acres), and near the new Wingspread Industrial Park (266 acres). Germanna Community College, with an enrollment of over 7,000 students, is also nearby. Numerous planned residential developments are situated in the vicinity. A new, approved roundabout is designed to slow traffic near the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Culpeper
    County
    Culpeper
    State
    Virginia
    Longitude
    -77.9986
    Latitude
    38.4642

    Nearby Similar for Sale

    • $967,000
      4,440 SF

      Culpeper Commercial Opportunity on Main

      Vacant 4,440 SF building in the heart of Culpeper.
      810 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $699,900
      3,200 SF

      Renovated Mixed-Use Building in Culpeper

      Mixed-use commercial building with residential units in Culpeper, VA.
      1012 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $575,000

      Main Street Office Building

      Centrally located office building in Culpeper, VA.
      609 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $150,000

      Land on Main Street

      0.17-acre parcel in Culpeper, VA, for future development.
      802 S MAIN STR, CULPEPER, VA 22701
      View Details
    • $899,900
      12,960 SF

      Equine Property with Indoor Arena

      Turnkey equine facility on 14+ acres with arenas.
      8021 OLYMPIC WAY, CULPEPER, VA 22701
      View Details
    • $2,495,000

      Turn-Key Hospitality Investment

      Two renovated downtown buildings combine restaurant, rental apartment, and inn suites with conditioned outdoor dining via a joined passageway.
      128 & 134 E DAVIS ST, CULPEPER, VA 22701
      View Details
    • $800,000

      Commercial Land with Development Potential

      1.59 acres with commercial zoning and development opportunities.
      01 GERMANNA HWY, CULPEPER, VA 22701
      View Details
    • $899,900

      Equine Property with Indoor Arena

      Turnkey equine property with boarding, training facilities, and arenas.
      8021 OLYMPIC WAY, CULPEPER, VA 22701
      View Details
    • $319,000

      Residential Lot in Mountain View

      Pastoral 10+ acre lot near Culpeper with utilities.
      SKY RIDGE Trail, CULPEPER, VA 22701
      View Details
    • $195,000

      Residential Lot in Carters Subdivision

      0.25-acre corner lot in a tranquil cul-de-sac setting.
      HILLTOP Drive, CULPEPER, VA 22701
      View Details
    • $225,000

      Expansive Land in Culpeper, VA

      5.08-acre parcel for custom residence or retreat.
      8424 KILBY Road, CULPEPER, VA 22701
      View Details
    • $199,000

      Land in Culpeper, Virginia

      Corner lot near shopping, dining, and downtown Culpeper.
      MADISON Road, CULPEPER, VA 22701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approved commercial zoning near technology campus and Germanna Community College.
    Where is this commercial land located?
    The property is located at 1 GERMANNA HWY Culpeper, VA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Commercial zoning allows for multi‑family use (up to 25 dwelling units per acre, up to 4 stories with retail on main level), hotel/motel, and wholesale sales.; High‑traffic location with over 440 feet of frontage on McDevitt Drive, near Germanna Community College.; Strategic location across from Culpeper Technology Campus, Phoenix Business Park, and near Wingspread Industrial Park.
    (703) 437-3800
    We can help!
    Listing Contact
    RONALD RUDISON
    Learn More
    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.
    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

    Thank You for Inquiry
    1 GERMANNA HWY, Culpeper, VA 22701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!