33 PERCHWOOD DRIVE #107, Falmouth, VA 22405

Building Details

Year Built 2010 More

Listing Agency: Aquia Realty, Inc. j***@aquiarealty.net

Listed By: Russell D Knight Jr. · License #0225017818 Show Phone

Source: Cummingsrealtors

Added: Oct 27 Changed: Nov 6 Last Checked: Nov 6 at 3:47PM

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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 Aquia Realty, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,000-square-foot flex space was built in 2010. The unit has a maximum ceiling height of 26 feet, a 14-foot overhead door, and a storefront door and window. Interior features include a half bath and mop sink, with three-phase electric service. The stated lease structure is NNN, with a negotiable term.

At 33 Perchwood Drive, Unit 107, the property is just off US 1 and a short distance from the I-95 interchange.

Key Highlights

• 2,000 square feet of flex space
• 26‑foot maximum ceiling height
• 14‑foot overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,950

Suggested Prices Based on Cap Rates

Cap Rate 5%

$399,000 $399.0K

Cap Rate 7%

$285,000 $285.0K

Cap Rate 9%

$221,667 $221.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$30.0K $15.00/SF

− Vacancy

−$1.5K −$0.75/SF

EGI

$28.5K $14.25/SF

− OpEx

−$8.6K −$4.27/SF

NOI

$20.0K $9.98/SF

Area

Stafford County, VA

Vacancy

5.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$399,000

Cap Rate 7%

$285,000

Cap Rate 9%

$221,667

Alternative Uses

Best Use

Flex RnD

$366.6K

$320.8K – $427.7K (±1% cap)

NOI $25,662 @ 7.0% cap · market cap 1,026.48%

Second Best

Warehouse

$299.6K

$262.2K – $349.6K (±1% cap)

NOI $20,974 @ 7.0% cap · market cap 838.96%

Theoretical Best

Specialty Retail

$1.11M

$972.0K – $1.30M (±1% cap)

NOI $77,760 @ 7.0% cap · market cap 3,110.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center Grocery & Convenience Store Auto Repair Shop Restaurant Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 22405, VA

34,430

Population

13,058

Households

2.6

Avg Household Size

38

Median Age

44%

College-Educated

95%

High-School Grad

53.3 sq mi

ZIP Area

646

Density / Sq Mi

$128,315

Median Household Income

$62,794

Median Earnings

$1,931

Median Rent

$413,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Three-phase power, storefront glazing, and a half bath are among the unit’s existing features.

Where is this flex space located?

The property is located at 33 PERCHWOOD DRIVE #107 Falmouth, VA.

What are key features of this property?

This property features: 2,000 square feet of flex space; 26‑foot maximum ceiling height; 14‑foot overhead door