10116 Meetze Rd, Midland, VA 22728

Building Details

Building Size 4,000 SF More

Year Built 1969 More

Listing Agency: Weber Rector Commercial Real Estate Services

Listed By: Chuck Rector · License VA #0225183359 Show Phone

Source: Weberrector

Added: Mar 27 Changed: Oct 26 Last Checked: Nov 12 at 5:14AM

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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 Weber Rector Commercial Real Estate Services

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Investment Insights

Based on property information with market context.

This 2.42-acre industrial property offers a versatile site with existing improvements. Zoned I-2 General Industrial, the property allows a broad range of industrial and commercial uses. The site includes a 4,000 SF building suitable for warehousing, distribution, contractor operations, automotive repair (including body work and painting), and truck or heavy equipment sales, rental, and service. Situated in Midland, Virginia, the property offers convenient access to major transportation corridors serving Fauquier County and the broader Northern Virginia region. The location provides direct connectivity to Rt. 28, Rt. 17, and other key routes linking Manassas, Warrenton, Culpeper, and I-66. The area supports a growing base of industrial and service businesses while maintaining a less congested alternative to metropolitan hubs, making the property well suited for a range of industrial users. The property is to be sold in "as-is" condition subject to existing I-2 zoning. Current I-2 zoning requires 100' setbacks, limiting outdoor storage and yard area; however, discussions with Fauquier County indicate these setbacks could be significantly reduced through rezoning to C-1.

Key Highlights

• 2.42‑acre industrial property with versatile I‑2 General Industrial zoning
• 4,000 SF building suitable for warehousing, distribution, contractor operations, and automotive repair
• Potential for significantly reduced setbacks through rezoning to C‑1, increasing outdoor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$133,807

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,676,140 $2.7M

Cap Rate 7%

$1,911,529 $1.9M

Cap Rate 9%

$1,486,744 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$200.2K $50.04/SF

− Vacancy

−$9.0K −$2.25/SF

EGI

$191.2K $47.79/SF

− OpEx

−$57.3K −$14.34/SF

NOI

$133.8K $33.45/SF

Area

Fauquier County, VA

Vacancy

4.50%

Lease Rate

$50.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,676,140

Cap Rate 7%

$1,911,529

Cap Rate 9%

$1,486,744

Alternative Uses

Best Use

Retail

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,807 @ 7.0% cap · market cap 4.61%

Second Best

Warehouse

$699.4K

$612.0K – $816.0K (±1% cap)

NOI $48,960 @ 7.0% cap · market cap 1.69%

Theoretical Best

Specialty Retail

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,520 @ 7.0% cap · market cap 5.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Mc Leod Inc Trucking Company Quality Freight Line, ... Freight Service

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Food Market

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

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 22728, VA

3,133

Population

1,223

Households

2.6

Avg Household Size

47

Median Age

25%

College-Educated

85%

High-School Grad

48.4 sq mi

ZIP Area

65

Density / Sq Mi

$107,354

Median Household Income

$46,581

Median Earnings

$883

Median Rent

$495,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - 2.42-acre industrial property with 4,000 SF building for sale.

Where is this warehouse located?

The property is located at 10116 Meetze Rd Midland, VA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: 2.42‑acre industrial property with versatile I‑2 General Industrial zoning; 4,000 SF building suitable for warehousing, distribution, contractor operations, and automotive repair; Potential for significantly reduced setbacks through rezoning to C‑1, increasing outdoor storage