Mixed-Use Buildings with
146 & 150 E Davis St, Culpeper, VA 22701
For Sale
$1,200,000
Two upstairs one-bedroom apartments add residential space to a property with two commercial buildings.
Property Size4,619 SF
Price / SF$259.80
Days on Market10
Property Features for 146 & 150 E Davis St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
RE/MAX Gateway
Listed By:
Kelly N Duckett-Corbin · License #225091776
(540) 219-1358
Source:
Findahomewithus
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 7:36PM
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 RE/MAX Gateway
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Investment Insights
Based on property information with market context.
At 146 and 150 E Davis St, the offering comprises two commercial buildings and two apartments. The building at 146 has approximately 1,400 square feet on the main level, occupied by a bakery, with two one-bedroom, one-bath apartments above. The bakery business is not part of the real estate offering.
The adjoining building at 150 contains approximately 1,800 square feet, with a storefront, rear space, and a full basement. Both buildings are brick and feature decorative masonry, parapets, and storefronts. The properties are on East Davis Street in downtown Culpeper, among locally owned shops and restaurants.
The adjoining building at 150 contains approximately 1,800 square feet, with a storefront, rear space, and a full basement. Both buildings are brick and feature decorative masonry, parapets, and storefronts. The properties are on East Davis Street in downtown Culpeper, among locally owned shops and restaurants.
Key Highlights
- Two commercial buildings with two residential apartments
- 146 E Davis St: approximately 1,400 square feet on the main level and two one‑bedroom, one‑bath apartments above
- 150 E Davis St: approximately 1,800 square feet, storefront, rear space, and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,544
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,880
$1.6M
Cap Rate 7%
$1,150,629
$1.2M
Cap Rate 9%
$894,933
$894.9K
Market Conditions
NOI Build-Up for 4,619 SF
Gross rent
$138.6K $30.00/SF
− Vacancy
−$9.7K −$2.10/SF
EGI
$128.9K $27.90/SF
− OpEx
−$48.3K −$10.46/SF
NOI
$80.5K $17.44/SF
Area
Culpeper County, VA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,880
Cap Rate 7%
$1,150,629
Cap Rate 9%
$894,933
Alternative Uses
Best Use
Retail
$2.21M
$1.93M – $2.58M
NOI $154,514 @ 7.0% cap · market cap 12.88%
Second Best
Mixed Use
$1.15M
$1.01M – $1.34M
NOI $80,544 @ 7.0% cap · market cap 6.71%
Theoretical Best
Specialty Retail
$2.57M
$2.24M – $2.99M
NOI $179,587 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 22701, VA
37,411
Population
13,770
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
172.2 sq mi
ZIP Area
217
Density / Sq Mi
$93,910
Median Household Income
$47,492
Median Earnings
$1,386
Median Rent
$376,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs one-bedroom apartments add residential space to a property with two commercial buildings.
Where is this mixed-use property located?
The property is located at 146 & 150 E Davis St Culpeper, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two commercial buildings with two residential apartments; 146 E Davis St: approximately 1,400 square feet on the main level and two one‑bedroom, one‑bath apartments above; 150 E Davis St: approximately 1,800 square feet, storefront, rear space, and full basement
