Office Building with Central
For Sale
$699,999
29 CULPEPER STREET, Warrenton, VA 20186
Includes multiple offices, waiting rooms, conference rooms, and lower-level storage.
Property Size3,630 SF
Price / SF$192.84
Days on Market564
Property Features for 29 CULPEPER STREET
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Office
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,318
Building Details
Building Size
3,630 SF
Year Built
1890
Listing Agency:
Ross Real Estate
Listed By:
Tyler Ross
(540) 270-4819
Source:
Kerishull
Added: Mar 24, 2025
Changed: Oct 3
Last Checked: Oct 7 at 6:39PM
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 office property offers 3,630 square feet within a building constructed in 1890. The layout supports multiple private offices along with waiting or conference areas, while additional storage is located on the lower level. Central air conditioning is installed, and the building has an entrance from Culpeper Street.
The property is situated in Old Town Warrenton at 29 Culpeper Street. Parking is available on the street. The sale is subject to a boundary line adjustment and Town approval for separating the currently integrated building.
The property is situated in Old Town Warrenton at 29 Culpeper Street. Parking is available on the street. The sale is subject to a boundary line adjustment and Town approval for separating the currently integrated building.
Key Highlights
- 3,630 SF office property in Old Town Warrenton
- Building constructed in 1890
- Multiple offices plus waiting and conference areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,603
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,060
$972.1K
Cap Rate 7%
$694,329
$694.3K
Cap Rate 9%
$540,033
$540.0K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$75.8K $20.88/SF
− Vacancy
−$11.0K −$3.03/SF
EGI
$64.8K $17.85/SF
− OpEx
−$16.2K −$4.46/SF
NOI
$48.6K $13.39/SF
Area
Fauquier County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,060
Cap Rate 7%
$694,329
Cap Rate 9%
$540,033
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,163
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Includes multiple offices, waiting rooms, conference rooms, and lower-level storage.
Where is this office building 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: 3,630 SF office property in Old Town Warrenton; Building constructed in 1890; Multiple offices plus waiting and conference areas
