Medical Office Condo
432 Hospital Drive Warrenton, VA 20186
432 Hospital Drive, Warrenton, VA, 20186
$235,000
For Sale
$235,000
Medical office condo with a reception area, two entrances, and plumbing run to multiple offices.
Property Size1,298 SF
Price / SF$181.05
Days on Market319
Property Features for 432 Hospital Drive
General Information
- Standard status
- Active
- Size
- 1,298 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing Agency
(540) 270-4819
Listed by
Ross Real Estate
(540) 270-4819
Source
Xome
Added: Sep 6, 2025 Updated: Jul 20 at 4:43 pm Checked: Jul 20 at 4:43 pm
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 medical office condo unit includes a reception area and two separate entrances. The space is configured with plumbing run to several offices, supporting multiple exam or consult-style rooms. The unit is described as ready to move in.
The property is located on Hospital Hill next to the hospital, which may support medical-related tenant needs and convenient patient access.
As a condo office unit, it offers a defined, interior office layout suitable for professional use.
The property is located on Hospital Hill next to the hospital, which may support medical-related tenant needs and convenient patient access.
As a condo office unit, it offers a defined, interior office layout suitable for professional use.
Key Highlights
- Medical office condo on Hospital Hill
- Two entrances for patient/client access
- Reception area included
Local Financial Insights For Healthcare Medical
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 | $36.3k | $27.96 |
| − Vacancy | −$2.4k | −$1.82 |
| EGI | $33.9k | $26.14 |
| − OpEx | −$13.6k | −$10.46 |
| NOI | $20.4k | $15.69 |
1,298 SF · lease $27.96/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$290.9K
$254.5K – $339.3K
NOI $20,360 @ 7.0% cap · market cap 8.66%
Second Best
Office B
$248.3K
$217.2K – $289.7K
NOI $17,379 @ 7.0% cap · market cap 7.40%
Theoretical Best
Specialty Retail
$720.9K
$630.8K – $841.1K
NOI $50,466 @ 7.0% cap · market cap 21.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Andrew J. Gordon, ...
Physician
John P. Williams, ...
Physician
Joseph Adam Brown
Physician
Guy Benjamin Wampler
Physician
G. Benjamin Wampler, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Medical office condo with a reception area, two entrances, and plumbing run to multiple offices.
Where is this medical office space located?
The property is located at 432 Hospital Drive Warrenton, VA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Medical office condo on Hospital Hill; Two entrances for patient/client access; Reception area included
