Multi-Office Building in
For Sale
$699,999
29 Culpeper Street, Warrenton, VA 20186
Office space for sale with multiple individual offices, waiting areas, and lower-level storage.
Property Size3,630 SF
Price / SF$192.84
Days on Market527
Property Features for 29 Culpeper Street
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Office
Building Details
Year Built
1890
Listing Agency:
(540) 270-4819
Listed By:
Ross Real Estate
(540) 270-4819
Source:
Xome
Added: Feb 19, 2025
Changed: Jul 10
Last Checked: Jul 16 at 3:56AM
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 Ross Real Estate
Investment Insights
Based on property information with market context.
This property offers office configuration with plenty of room for individual offices, waiting rooms, and conference rooms. The entrance is described as “cute” and opens directly from Culpeper Street. Additional storage is available in the lower level.
The sale is subject to a boundary line adjustment and the Town’s approval of separating a currently integrated building, which is expected to be no problem. The property is positioned for convenient, street parking access, with street parking only.
For buyers seeking a workable office layout, the existing room structure supports professional use such as client-facing offices and internal meeting needs. Lower-level storage can help keep day-to-day items organized. As the sale depends on the requested separation and town approval process, buyers should plan for that administrative step when underwriting timing and closing.
The sale is subject to a boundary line adjustment and the Town’s approval of separating a currently integrated building, which is expected to be no problem. The property is positioned for convenient, street parking access, with street parking only.
For buyers seeking a workable office layout, the existing room structure supports professional use such as client-facing offices and internal meeting needs. Lower-level storage can help keep day-to-day items organized. As the sale depends on the requested separation and town approval process, buyers should plan for that administrative step when underwriting timing and closing.
Key Highlights
- Office space for sale in Old Town Warrenton with multiple individual offices
- Includes waiting areas and conference rooms
- Storage available in the lower level
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 | $75.8k | $20.88 |
| − Vacancy | −$11.0k | −$3.03 |
| EGI | $64.8k | $17.85 |
| − OpEx | −$16.2k | −$4.46 |
| NOI | $48.6k | $13.39 |
3,630 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$694.3K
$607.5K – $810.1K
NOI $48,603 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.76M – $2.35M
NOI $141,134 @ 7.0% cap · market cap 20.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space for sale with multiple individual offices, waiting areas, and lower-level storage.
Where is this office units located?
The property is located at 29 Culpeper Street Warrenton, VA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Office space for sale in Old Town Warrenton with multiple individual offices; Includes waiting areas and conference rooms; Storage available in the lower level
