Commercial Flex Warehouse
115 W Shirley Ave Warrenton, VA 20186
New
115 W Shirley Ave, Warrenton, VA, 20186
$1,350,000
For Sale
$1,350,000
A 2005-built flex/warehouse building with zoning C and over half-acre site area.
Property Size10,000 SF
Price / SF$135
Days on Market3
Property Features for 115 W Shirley Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Special Purpose
Listing Agency
Cres Inc Commercial Real Estate Services
(540) 878-1211
Listed by
Bill Chipman · License ##0225246993
(540) 878-1211
Source
Cresinc
Added: Jul 19 Updated: Jul 20 at 4:08 am Checked: Jul 20 at 4:08 am
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 Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This commercial flex/warehouse building was constructed in 2005 and offers approximately 10,000 square feet of space. The property is described as being suited for versatile use, with the zoning listed as C.
The site is located at 115 W Shirley Ave in Warrenton, Virginia, with the public remarks citing a prime U.S. 29 Business location.
For buyers evaluating a flexible industrial or warehouse-style facility, this property presents a compact site and a single building setup with the stated zoning for adaptable use.
The site is located at 115 W Shirley Ave in Warrenton, Virginia, with the public remarks citing a prime U.S. 29 Business location.
For buyers evaluating a flexible industrial or warehouse-style facility, this property presents a compact site and a single building setup with the stated zoning for adaptable use.
Key Highlights
- 10,000 SF commercial/flex building constructed in 2005
- Over 0.5‑acre site area
- Zoned C for versatile use
Local Financial Insights For Warehouse
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 | $129.6k | $12.96 |
| − Vacancy | −$6.2k | −$0.62 |
| EGI | $123.4k | $12.34 |
| − OpEx | −$18.5k | −$1.85 |
| NOI | $104.9k | $10.49 |
10,000 SF · lease $12.96/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.83M
$1.60M – $2.14M
NOI $128,310 @ 7.0% cap · market cap 9.50%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,872 @ 7.0% cap · market cap 7.77%
Theoretical Best
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,800 @ 7.0% cap · market cap 28.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Serendipity Catering + Design — 12 Culpeper St, Warrenton, VA 20186
FAQs
What type of property is this?
Flex space - A 2005-built flex/warehouse building with zoning C and over half-acre site area.
Where is this flex space located?
The property is located at 115 W Shirley Ave Warrenton, VA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,000 SF commercial/flex building constructed in 2005; Over 0.5‑acre site area; Zoned C for versatile use
