Warehouse Condominium with
For Sale
Contact for pricing
26-42 N 5th St, Warrenton, VA 20186
Open industrial space with a drive-in door, dedicated office, and private restroom for efficient daily operations.
Property Size1,742 SF
Price / SF$284.16
Days on Market61
Property Features for 26-42 N 5th St
General Information
Standard status
Active
Size
1,742 SF
Property subtype
RETAIL
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Additional Details
Road Access
Yes
Listing Agency:
Cres Inc Commercial Real Estate Services
(540) 347-2610
Listed By:
Bill Chipman · License ##0225246993
(540) 878-1211
Source:
Moodyscre
Added: Jul 2
Changed: Aug 29
Last Checked: Aug 30 at 8:46PM
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 1,742-square-foot warehouse condominium provides an open industrial layout with an 18-foot clear ceiling, supporting vertical storage, equipment placement, or production activities. A full-sized drive-in roll-up door facilitates loading and unloading, while the dedicated office and in-unit restroom add practical support space.
The corner unit is located at 26-42 N 5th St in Warrenton, Virginia, with access and visibility from North Fifth Street. Its flexible configuration can accommodate racking, vehicles, equipment, or storage within the warehouse area.
The corner unit is located at 26-42 N 5th St in Warrenton, Virginia, with access and visibility from North Fifth Street. Its flexible configuration can accommodate racking, vehicles, equipment, or storage within the warehouse area.
Key Highlights
- 1,742‑square‑foot warehouse condominium at 26‑42 N 5th St
- 18‑foot clear ceiling height for vertical storage or lift installation
- Full‑sized drive‑in roll‑up door for loading and unloading
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
$22,352
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
4.52%
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%
$447,040
$447.0K
Cap Rate 7%
$319,314
$319.3K
Cap Rate 9%
$248,356
$248.4K
Market Conditions
NOI Build-Up for 1,742 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
$36.6K $21.00/SF
− Vacancy
−$2.2K −$1.26/SF
EGI
$34.4K $19.74/SF
− OpEx
−$12.0K −$6.91/SF
NOI
$22.4K $12.83/SF
Area
Fauquier County, VA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
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%
$447,040
Cap Rate 7%
$319,314
Cap Rate 9%
$248,356
Alternative Uses
Best Use
Flex RnD
$319.3K
$279.4K – $372.5K
NOI $22,352 @ 7.0% cap · market cap 4.52%
Second Best
Warehouse
$261.0K
$228.4K – $304.5K
NOI $18,269 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$967.6K
$846.6K – $1.13M
NOI $67,729 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- CubeSmart Self Storage — 411 Holiday Ct, Warrenton, VA 20186
Frequently Asked Questions
What type of property is this?
Warehouse - Open industrial space with a drive-in door, dedicated office, and private restroom for efficient daily operations.
Where is this warehouse located?
The property is located at 26-42 N 5th St Warrenton, VA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,742‑square‑foot warehouse condominium at 26‑42 N 5th St; 18‑foot clear ceiling height for vertical storage or lift installation; Full‑sized drive‑in roll‑up door for loading and unloading
