Renovated 1.5-Story Office/Retail
For Sale
$875,000
109 Broadview Ave, Warrenton, VA 20186
Move-in ready 1.5-story building on two contiguous lots with dual frontage and a Sullivan St parking expansion lot.
Property Size2,246 SF
Lot Size0.46 Acres
Price / SF$389.58
Days on Market129
Property Features for 109 Broadview Ave
General Information
Standard status
Active
Size
2,246 SF
Lot size
0.46 Acres
Zoning
C
Site & Location
Traffic Count
33,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1949
Listing Agency:
Compass
Listed By:
Alex K Logsdon · License #0226026083
(703) 625-3099
Source:
Piedmontfineproperty
Added: Jun 13
Changed: Oct 2
Last Checked: Oct 16 at 10:02AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,072
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,440
$601.4K
Cap Rate 7%
$429,600
$429.6K
Cap Rate 9%
$334,133
$334.1K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$46.9K $20.88/SF
− Vacancy
−$6.8K −$3.03/SF
EGI
$40.1K $17.85/SF
− OpEx
−$10.0K −$4.46/SF
NOI
$30.1K $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%
$601,440
Cap Rate 7%
$429,600
Cap Rate 9%
$334,133
Alternative Uses
Best Use
Office B
$429.6K
$375.9K – $501.2K
NOI $30,072 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,324 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,422
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
