Flex Office with Garage
15 FIRST STREET Berryville, VA 22611
New
15 FIRST STREET, Berryville, VA, 22611
$995,000
For Sale
$995,000
Office building with private offices, reception area, kitchenette, and attached plus separate three-bay garages, supported by fenced storage yard.
Property Size3,580 SF
Price / SF$277.93
Days on Market5
Property Features for 15 FIRST STREET
General Information
- Standard status
- Active
- Size
- 3,580 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing agency
Corcoran McEnearney
(540) 454-1399
Listed by
Scott J Buzzelli · License #0225076897
(540) 454-1399
Source
Cummingsrealtors
Added: Jul 17 Updated: Jul 21 at 4:56PM Checked: Jul 21 at 4:56PM
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 Corcoran McEnearney
Investment Insights
Based on property information with market context.
This versatile flex property includes an office building configured with approximately five private offices, a spacious reception and waiting area, two restrooms, and a kitchenette. A large attached garage bay provides additional workspace for vehicles, equipment, or shop operations. The property also features a separate three-bay garage used for inventory and storage, supporting flexible use for materials and equipment.
Ample on-site parking is available for employees, customers, and fleet vehicles. A privacy fence and secure gated entrance create a protected yard area for storing work trucks, trailers, and other business assets.
The building was formerly used for a professional services business and is presented as well-maintained and ready for a new owner-occupant or investor seeking flexible commercial space.
Ample on-site parking is available for employees, customers, and fleet vehicles. A privacy fence and secure gated entrance create a protected yard area for storing work trucks, trailers, and other business assets.
The building was formerly used for a professional services business and is presented as well-maintained and ready for a new owner-occupant or investor seeking flexible commercial space.
Key Highlights
- Office building built in 1972 with about five private offices plus a spacious reception and waiting area
- Includes two restrooms and a kitchenette for day‑to‑day office operations
- Large attached garage bay for vehicles, equipment, or shop‑style workspace
Local 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 | $74.8k | $20.88 |
| − Vacancy | −$10.8k | −$3.03 |
| EGI | $63.9k | $17.85 |
| − OpEx | −$16.0k | −$4.46 |
| NOI | $47.9k | $13.39 |
3,580 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$684.8K
$599.2K – $798.9K
NOI $47,934 @ 7.0% cap · market cap 4.82%
Second Best
Flex RnD
$656.2K
$574.2K – $765.6K
NOI $45,935 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,190 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Office building with private offices, reception area, kitchenette, and attached plus separate three-bay garages, supported by fenced storage yard.
Where is this flex space located?
The property is located at 15 FIRST STREET Berryville, VA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Office building built in 1972 with about five private offices plus a spacious reception and waiting area; Includes two restrooms and a kitchenette for day‑to‑day office operations; Large attached garage bay for vehicles, equipment, or shop‑style workspace
