Ground-Floor Office
For Sale
$275,000
102-77 W Lee St, Warrenton, VA 20186
Existing pharmacy improvements include private offices, storage, a kitchen, and a full bathroom.
Property Size960 SF
Price / SF$286.46
Days on Market50
Property Features for 102-77 W Lee St
General Information
Standard status
Active
Size
960 SF
Additional Details
Floor
Ground Floor
Office Units
1
Taxes and HOA fees
Annual Taxes
$1,646
Amenities
private office
open floor plan
storage closets
kitchen
full bathroom
Listing Agency:
Cres, Inc.
Listed By:
Albert William Chipman III
(540) 347-2610
Source:
Exprealty
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 19 at 10:37AM
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 Cres, Inc.
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Investment Insights
Based on property information with market context.
This 960-square-foot office condominium occupies a ground-floor position and is configured for immediate commercial use. The existing pharmacy buildout includes two private offices, an open workspace, two storage closets, a kitchen, and a full bathroom. The layout combines defined rooms with flexible open area for professional operations or other supported commercial uses.
The property is located in Old Town Warrenton at 102-77 W Lee St, within Fauquier County’s walkable commercial district. Its current configuration may accommodate office, medical, or retail-oriented operations, subject to applicable approvals and requirements.
The property is located in Old Town Warrenton at 102-77 W Lee St, within Fauquier County’s walkable commercial district. Its current configuration may accommodate office, medical, or retail-oriented operations, subject to applicable approvals and requirements.
Key Highlights
- 960 SF ground‑floor office condominium
- Existing pharmacy buildout with two private offices
- Open floor plan with two storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,854
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,080
$257.1K
Cap Rate 7%
$183,629
$183.6K
Cap Rate 9%
$142,822
$142.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$20.0K $20.88/SF
− Vacancy
−$2.9K −$3.03/SF
EGI
$17.1K $17.85/SF
− OpEx
−$4.3K −$4.46/SF
NOI
$12.9K $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 Rate 5%
$257,080
Cap Rate 7%
$183,629
Cap Rate 9%
$142,822
Alternative Uses
Best Use
Specialty Retail
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 13.57%
Second Best
Retail
$458.8K
$401.4K – $535.2K
NOI $32,114 @ 7.0% cap · market cap 11.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 20186, VA
15,171
Population
6,114
Households
2.5
Avg Household Size
43
Median Age
44%
College-Educated
93%
High-School Grad
58.7 sq mi
ZIP Area
258
Density / Sq Mi
$100,813
Median Household Income
$50,533
Median Earnings
$1,541
Median Rent
$485,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Existing pharmacy improvements include private offices, storage, a kitchen, and a full bathroom.
Where is this office unit located?
The property is located at 102-77 W Lee St Warrenton, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 960 SF ground‑floor office condominium; Existing pharmacy buildout with two private offices; Open floor plan with two storage closets
