Renovated 1.5-Story Office/Retail
109 Broadview Ave Warrenton, VA 20186
109 Broadview Ave, Warrenton, VA, 20186
$875,000
For Sale
$875,000
Move-in ready 1.5-story building on two contiguous lots with dual frontage and a Sullivan St parking expansion lot.
Property Size2,594 SF
Lot Size0.46 Acres
Price / SF$337.32
Days on Market44
Property Features for 109 Broadview Ave
General Information
- Standard status
- Active
- Size
- 2,594 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agency
COMPASS
(703) 266-7277
Listed by
ALEX K LOGSDON · License #0226026083
Source
Corcoran
Added: Jun 8 Updated: Jul 20 at 4:54PM Checked: Jul 21 at 5:37AM
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 COMPASS
Investment Insights
Based on property information with market context.
Rare two-parcel commercial assemblage anchored by a renovated 1.5-story building at 109 Broadview Ave. The main parcel totals 12,594 SF and features hardwood floors and an updated kitchen with stainless-steel appliances. Improvements include new HVAC, a new water heater, insulated windows, and a detached garage, supporting flexible occupancy options including office, medical, retail, restaurant, or mixed-use uses.
The property includes a companion 9,892 SF lot on Sullivan St, providing turnkey parking expansion or potential for future development. The site has dual frontage on Broadview Ave and Sullivan St, with two-way accessibility from Broadview Ave, which carries over 33,000 VPD. The assemblage is zoned C (Commercial) per Sec. 3-4.10.2, with broad by-right uses up to 50,000 SF per business. Public water, sewer, gas, and electric are in place.
The property includes a companion 9,892 SF lot on Sullivan St, providing turnkey parking expansion or potential for future development. The site has dual frontage on Broadview Ave and Sullivan St, with two-way accessibility from Broadview Ave, which carries over 33,000 VPD. The assemblage is zoned C (Commercial) per Sec. 3-4.10.2, with broad by-right uses up to 50,000 SF per business. Public water, sewer, gas, and electric are in place.
Key Highlights
- Two contiguous commercial lots totaling ±0.46 acres with dual frontage on Broadview Ave and Sullivan St
- Renovated 1.5‑story building offers ±2,594 SF with hardwood floors and an updated kitchen with SS appliances
- New HVAC, new water heater, and insulated windows; detached garage included
Local Financial Insights For Office B
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 | $54.2k | $20.88 |
| − Vacancy | −$7.9k | −$3.03 |
| EGI | $46.3k | $17.85 |
| − OpEx | −$11.6k | −$4.46 |
| NOI | $34.7k | $13.39 |
2,594 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,774 @ 7.0% cap · market cap 9.92%
Second Best
Office B
$496.2K
$434.2K – $578.9K
NOI $34,732 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,855 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Move-in ready 1.5-story building on two contiguous lots with dual frontage and a Sullivan St parking expansion lot.
Where is this office building located?
The property is located at 109 Broadview Ave Warrenton, VA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two contiguous commercial lots totaling ±0.46 acres with dual frontage on Broadview Ave and Sullivan St; Renovated 1.5‑story building offers ±2,594 SF with hardwood floors and an updated kitchen with SS appliances; New HVAC, new water heater, and insulated windows; detached garage included
