New Construction Flex
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3400 Catlett Road # B, Catlett, VA 20119
C-2 zoning and three divisible bays accommodate a range of commercial uses.
Property Size10,223 SF
Price / SF$0.38
Days on Market2
Property Features for 3400 Catlett Road # B
General Information
Standard status
Active
Size
10,223 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
C-2
Lease Term
Negotiable
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Flex
Amenities
excellent signage
new glass storefronts
finished vanilla shell
heating and cooling
two bathrooms per bay
front and rear doors
Other
Yes
2944
No
Public
1.61
Estimated
Parking Lot
Paved
8
300
Building Details
Year Built
2024
Buildings
1
Building Size
10,223 SF
Listing Agency:
Wright Realty, Inc.
(703) 368-8136
Listed By:
Edward B Wright III · License #0225039100
(703) 282-2372
Source:
Thetristaterealestategroup
Added: Oct 30
Last Checked: Oct 30 at 3:28PM
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 Wright Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 2024, this 10,223-square-foot flex building is arranged as three divisible bays. Suite B offers 2,944 square feet with a finished vanilla shell, new storefront glazing, and heating and cooling in place. Each bay has two bathrooms, and electricity is separately metered. Front and rear doors support access for moving equipment and materials into the space.
The property fronts US 28 in Catlett, where the stated daily traffic count is 14,000 vehicles. Public water and sewer serve the building. C-2 zoning includes uses such as retail, office, medical office, contractor operations, farm equipment sales, and a plant nursery.
The property fronts US 28 in Catlett, where the stated daily traffic count is 14,000 vehicles. Public water and sewer serve the building. C-2 zoning includes uses such as retail, office, medical office, contractor operations, farm equipment sales, and a plant nursery.
Key Highlights
- 10,223‑square‑foot building completed in 2024
- Three divisible bays; Suite B offers 2,944 square feet
- C‑2 zoning lists retail, office, medical office, contractor, and equipment‑sales uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,974
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,039,480
$2.0M
Cap Rate 7%
$1,456,771
$1.5M
Cap Rate 9%
$1,133,044
$1.1M
Market Conditions
NOI Build-Up for 10,223 SF
Gross rent
$153.3K $15.00/SF
− Vacancy
−$7.7K −$0.75/SF
EGI
$145.7K $14.25/SF
− OpEx
−$43.7K −$4.27/SF
NOI
$102.0K $9.98/SF
Area
Fauquier 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%
$2,039,480
Cap Rate 7%
$1,456,771
Cap Rate 9%
$1,133,044
Alternative Uses
Best Use
Retail
$4.89M
$4.27M – $5.70M
NOI $341,977 @ 7.0% cap · market cap 8,712.79%
Second Best
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,171 @ 7.0% cap · market cap 3,341.94%
Theoretical Best
Specialty Retail
$5.68M
$4.97M – $6.62M
NOI $397,470 @ 7.0% cap · market cap 10,126.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20119, VA
4,263
Population
1,476
Households
2.9
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
64.9 sq mi
ZIP Area
66
Density / Sq Mi
$137,625
Median Household Income
$62,658
Median Earnings
$1,808
Median Rent
$597,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - C-2 zoning and three divisible bays accommodate a range of commercial uses.
Where is this flex space located?
The property is located at 3400 Catlett Road # B Catlett, VA.
What are key features of this property?
This property features: 10,223‑square‑foot building completed in 2024; Three divisible bays; Suite B offers 2,944 square feet; C‑2 zoning lists retail, office, medical office, contractor, and equipment‑sales uses
