Mixed-Use Building with Two Commercial
1012 S MAIN Street Culpeper, VA 22701
For Sale
$699,900
MULTI_FAMILY - Other - CULPEPER, VA
Property Size3,200 SF
Lot Size0.22 Acres
Price / SF$218.72
Days on Market120
Property Features for 1012 S MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Parking Lot
Standard status
Active
Size
3,200 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
1425
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1965
Number of units
4
Building materials
Block
Architectural style
Other
Listing Agency:
Belcher Real Estate, LLC.
(540) 300-9669
Listed By:
Alexander L Belcher · License #0225196620
(540) 300-9669
Added: Apr 1
Changed: Jul 9
Last Checked: Jul 29 at 3:06PM
MLS# VACU2013184
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Recently renovated mixed-use commercial building located at 1012 S Main Street in the Town of Culpeper. The main level contains two commercial suites with a shared common area and a bathroom.
Upstairs, there are two apartments, each with two bedrooms and one full bathroom. One apartment is currently leased while the other is vacant. Each unit has its own independent utility metering.
The property totals approximately 3,200 square feet and sits on about 0.2203 acres.
Upstairs, there are two apartments, each with two bedrooms and one full bathroom. One apartment is currently leased while the other is vacant. Each unit has its own independent utility metering.
The property totals approximately 3,200 square feet and sits on about 0.2203 acres.
Key Highlights
- Mixed‑use commercial building with 2 commercial suites on the main level
- Two 2‑bedroom, 1‑bath apartments on the upper level; one unit is currently leased and one is vacant
- One main‑level bathroom and a shared common area serving the two commercial suites
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $25.80 |
| − Vacancy | −$4.8k | −$1.50 |
| EGI | $77.8k | $24.30 |
| − OpEx | −$23.3k | −$7.29 |
| NOI | $54.4k | $17.01 |
3,200 SF · lease $25.80/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$777.7K
$680.5K – $907.3K
NOI $54,440 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$700.8K
$613.2K – $817.6K
NOI $49,053 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.07M
NOI $124,416 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Main level has two commercial suites with shared common area and bathroom; upper level includes two 2-bedroom apartments.
Where is this duplex located?
The property is located at 1012 S MAIN Street Culpeper, VA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Mixed‑use commercial building with 2 commercial suites on the main level; Two 2‑bedroom, 1‑bath apartments on the upper level; one unit is currently leased and one is vacant; One main‑level bathroom and a shared common area serving the two commercial suites
