Building Details

Building Size 3,304 SF

Year Built 1962

Listed By: Chuck Rector Show Phone

Source: Weberrector

Added: Jun 3 Changed: Sep 3 Last Checked: Sep 4 at 5:43AM

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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 Chuck Rector

Investment Insights

Based on property information with market context.

This premium office building is designed for a professional, customer-facing arrival and flexible day-to-day operations. Inside, the property features a spacious lobby, along with high wooden ceilings on the second floor that enhance the feel of the main entrance. The interior includes multiple storage areas, a thoughtfully designed kitchenette for employees and groups, and multiple conference rooms equipped with technology.

The building sits on a large corner lot, providing a prominent commercial presence and room to support day-to-day needs. The property also highlights tons of easy parking for everyone, supporting convenient access for staff, clients, and guests.

For buyers or tenants seeking a turnkey office environment with collaboration space, this layout is built around meetings and shared work needs. Multiple conference rooms with technology can support everything from client discussions to internal training, while the additional storage areas help keep day-to-day workflows organized. The available kitchenette provides an on-site option for employee breaks and group use, and the overall configuration offers a functional baseline for an operator to tailor the space to their business style.

Key Highlights

• Premium corner office building built in 1950
• Spacious lobby with high wooden ceilings on the second floor
• Multiple massive conference rooms with technology included

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$44,238

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.39%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$884,760 $884.8K

Cap Rate 7%

$631,971 $632.0K

Cap Rate 9%

$491,533 $491.5K

Market Conditions

NOI Build-Up for 3,304 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$69.0K $20.88/SF

− Vacancy

−$10.0K −$3.03/SF

EGI

$59.0K $17.85/SF

− OpEx

−$14.7K −$4.46/SF

NOI

$44.2K $13.39/SF

Area

Fauquier County, VA

Vacancy

14.50%

Lease Rate

$20.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$884,760

Cap Rate 7%

$631,971

Cap Rate 9%

$491,533

Alternative Uses

Best Use

Office B

$632.0K

$553.0K – $737.3K (±1% cap)

NOI $44,238 @ 7.0% cap · market cap 7.39%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.84M

$1.61M – $2.14M (±1% cap)

NOI $128,460 @ 7.0% cap · market cap 21.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Waterline Aquatics General Contractor Genesis Construction Group General Contractor Millview Motor Company ... Car Dealership Genesis Restoration, LLC Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Auto Parts Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

136

Businesses Nearby

Explore this area Business Placement

Demographics for 22734, VA

3,470

Population

1,422

Households

2.4

Avg Household Size

35

Median Age

23%

College-Educated

84%

High-School Grad

35.8 sq mi

ZIP Area

97

Density / Sq Mi

$81,545

Median Household Income

$40,903

Median Earnings

$1,387

Median Rent

$361,400

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Premium corner office building with a spacious lobby, multiple conference rooms, and employee kitchenette plus plentiful parking.

Where is this office building located?

The property is located at 101 W Marshall St Remington, VA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Premium corner office building built in 1950; Spacious lobby with high wooden ceilings on the second floor; Multiple massive conference rooms with technology included