Three-Story Historic Office
New
For Sale
$895,000
35 Horner Street, Warrenton, VA 20186
Three-story historic office building with off-street parking and excess land for potential additional development.
Days on Market3
Property Features for 35 Horner Street
General Information
Standard status
Active
Property subtype
Office
Building Details
Building Size
4,300 SF
Listing Agency:
Cres Inc Commercial Real Estate Services
(540) 878-1211
Listed By:
Bill Chipman · License ##0225246993
(540) 878-1211
Source:
Cresinc
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 4:31AM
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 distinctive three-story historic office building offers approximately 4,300 gross square feet and includes off-street parking. The layout is flexible, supporting a range of occupancy and ownership strategies, including single-tenant use or a multi-tenant income approach.
Located in Old Town Warrenton, the property provides easy access to points throughout Old Town. The site also includes excess land for additional building area, which may support future office space or residential expansion.
The building’s configuration and parking access make it a practical fit for an owner-user or investor looking for an Old Town office asset with the added flexibility of on-site land for potential development.
Located in Old Town Warrenton, the property provides easy access to points throughout Old Town. The site also includes excess land for additional building area, which may support future office space or residential expansion.
The building’s configuration and parking access make it a practical fit for an owner-user or investor looking for an Old Town office asset with the added flexibility of on-site land for potential development.
Key Highlights
- Approximately 4,300 gross square feet in a three‑story historic office building
- Off‑street parking included
- Excess land for additional building area
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 | $89.8k | $20.88 |
| − Vacancy | −$13.0k | −$3.03 |
| EGI | $76.8k | $17.85 |
| − OpEx | −$19.2k | −$4.46 |
| NOI | $57.6k | $13.39 |
4,300 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$822.5K
$719.7K – $959.6K
NOI $57,574 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,184 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,126
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story historic office building with off-street parking and excess land for potential additional development.
Where is this office building located?
The property is located at 35 Horner Street Warrenton, VA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 4,300 gross square feet in a three‑story historic office building; Off‑street parking included; Excess land for additional building area
