Haymarket Retail Building For
For Sale
$950,000
14891 WASHINGTON St, Haymarket, VA 20169
Freestanding retail building in Haymarket's historic downtown.
Property Size2,723 SF
Lot Size0.27 Acres
Price / SF$348.88
Days on Market151
Property Features for 14891 WASHINGTON St
General Information
Standard status
Active
Size
2,723 SF
Lot size
0.27 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,546
Building Details
Year Built
1920
Listing Agency:
Linton Hall Realtors
(571) 436-8519
Listed By:
Howard J Swede · License #0225078834
(571) 436-8519
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 2:27PM
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 Linton Hall Realtors
Investment Insights
Based on property information with market context.
Located at the intersection of Madison St and Washington St in Haymarket’s historic downtown, this commercial property features a 2,723 sq ft freestanding retail building across two stories. The property is situated on a .61-acre corner lot in the B-1 Town Center District. The zoning supports retail, office, medical, QSR, and personal services, making it suitable for investors and owner-users. The property benefits from high visibility and strong pedestrian traffic, surrounded by local shops, restaurants, and a mix of commercial and residential developments. Potential business uses include retail shops such as antique, gift, or jewelry stores, office spaces, or owner-occupancy. The property is zoned as a B-1 Redevelopment Opportunity, offering a chance to capitalize on Haymarket’s thriving downtown, attracting both local convenience and tourism.
Key Highlights
- Prime corner lot location at the intersection of Madison St and Washington St in Haymarket's historic downtown.
- 2,723 sq ft freestanding retail building across two stories.
- .61‑acre lot zoned B‑1 Town Center District, supporting retail, office, medical, QSR, and personal services.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,247
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,940
$1.0M
Cap Rate 7%
$746,386
$746.4K
Cap Rate 9%
$580,522
$580.5K
Market Conditions
NOI Build-Up for 2,723 SF
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.
Gross rent
$76.8K $28.20/SF
− Vacancy
−$2.2K −$0.79/SF
EGI
$74.6K $27.41/SF
− OpEx
−$22.4K −$8.22/SF
NOI
$52.2K $19.19/SF
Area
Prince William County, VA
Vacancy
2.80%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,940
Cap Rate 7%
$746,386
Cap Rate 9%
$580,522
Alternative Uses
Best Use
Retail
$746.4K
$653.1K – $870.8K
NOI $52,247 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$686.0K
$600.2K – $800.3K
NOI $48,019 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$799.7K
$699.7K – $933.0K
NOI $55,979 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20169, VA
28,182
Population
9,511
Households
3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
37.4 sq mi
ZIP Area
754
Density / Sq Mi
$198,317
Median Household Income
$87,869
Median Earnings
$2,809
Median Rent
$676,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building in Haymarket's historic downtown.
Where is this storefront property located?
The property is located at 14891 WASHINGTON St Haymarket, VA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime corner lot location at the intersection of Madison St and Washington St in Haymarket's historic downtown.; 2,723 sq ft freestanding retail building across two stories.; .61‑acre lot zoned B‑1 Town Center District, supporting retail, office, medical, QSR, and personal services.
