Building Details

Building Size 1,742 SF

Year Built 1985

Listing Agency: CRES Inc.

Listed By: Chris Bernard · License #VA #0225246993 Show Phone

Source: Cresinc

Added: Jun 24 Changed: Sep 13 Last Checked: Oct 14 at 8:55PM

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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 CRES Inc.

Investment Insights

Based on property information with market context.

This 1,720-square-foot warehouse condominium is configured as a flexible, open work and storage area with an 18-foot ceiling. A drive-in roll-up door supports direct loading and unloading, while the unit’s restroom adds practical functionality for daily operations. Built in 1985, the property is positioned on North Fifth Street in Warrenton, Virginia. Its corner placement provides direct street access and exposure. The layout and vertical clearance accommodate a range of warehouse-oriented operations without relying on multiple interior divisions.

Key Highlights

• 1,720 SF warehouse condominium
• 18 ft ceiling height supports vertical storage or lift installation
• Drive‑in roll‑up door for loading and unloading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,069

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$441,380 $441.4K

Cap Rate 7%

$315,271 $315.3K

Cap Rate 9%

$245,211 $245.2K

Market Conditions

NOI Build-Up for 1,720 SF

Gross rent

$36.1K $21.00/SF

− Vacancy

−$2.2K −$1.26/SF

EGI

$34.0K $19.74/SF

− OpEx

−$11.9K −$6.91/SF

NOI

$22.1K $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 Rate 5%

$441,380

Cap Rate 7%

$315,271

Cap Rate 9%

$245,211

Alternative Uses

Best Use

Flex RnD

$315.3K

$275.9K – $367.8K (±1% cap)

NOI $22,069 @ 7.0% cap · market cap 4.46%

Second Best

Warehouse

$257.7K

$225.5K – $300.6K (±1% cap)

NOI $18,038 @ 7.0% cap · market cap 3.64%

Theoretical Best

Specialty Retail

$955.3K

$835.9K – $1.11M (±1% cap)

NOI $66,874 @ 7.0% cap · market cap 13.51%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering Service Garden Center

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

18 ft

Clear height

1

Drive-in doors

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Corner-unit warehouse condominium with an open layout, drive-in loading, and an in-unit restroom.

Where is this warehouse located?

The property is located at 40 N Fifth Street 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: 1,720 SF warehouse condominium; 18 ft ceiling height supports vertical storage or lift installation; Drive‑in roll‑up door for loading and unloading