Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    First Floor Office Condo Title is generated by Realmo AI

    45 N Hill Dr, Warrenton, VA 20186

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5,523 SF office condo available for sale.

    Type:Office
    Property size:
    5,523 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $294/SF
    Added:
    Oct 24, 2023
    Days on Market:
    947
    Last Refresh:
    May 12 at 10:59 pm

    Property Features for 45 N Hill Dr

    General Information

    Standard status
    Active
    Size
    5,523 SF
    Lot size
    0.14 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Dallon L. Cheney

    Listing agent Dallon L. Cheney License #VA

    Listing office NAI KLNB (Tysons, VA)

    Listing date Oct 24, 2023

    Source Crexi

    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 NAI KLNB (Tysons, VA)

    HighLights

    • Entire 1st floor office condo offering 5,523 SF
    • Prime location: 45 North Hill Drive, Warrenton, VA 20186
    • Option to include or remove existing furniture
    • Suite 100
    • Part of a 10,946 SF office building
    • Located on 0.14 acres/6,055 SF

    Overview

    The property is a 5,523 square foot office condo, identified as Suite 100, encompassing the entire first floor of a building located at 45 North Hill Drive, Warrenton, VA 20186. The overall office building has a total area of 10,946 square feet and is situated on a 0.14-acre lot, equivalent to 6,055 square feet. The second floor of the building, designated as Suite 202 with an area of 5,423 square feet, is not included in this offering and is occupied by Virginia Retina Center. Existing furniture can be included or removed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jill Holtzman Vogel Law Firm Virginia Retina Center Ophthalmologist Candace Simpson Physician Constantine Chienku Pediatrician Dr. Gary Cook Ophthalmologist

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warrenton
    County
    Fauquier
    State
    Virginia
    Longitude
    -77.79175
    Latitude
    38.7249348

    Nearby Similar for Sale

    • $2,000,000

      Versatile Commercial Building Near Warrenton

      8,000+ sq ft commercial building with endless potential.
      7373 COMFORT INN DR, WARRENTON, VA 20187
      View Details
    • $210,000

      Warrenton Office Condo For Sale

      Office condo in Old Town Warrenton with on-site parking.
      75 W LEE Street, WARRENTON, VA 20186
      View Details
    • $699,999

      Old Town Warrenton Office Space

      Office space for sale in Old Town Warrenton, Virginia.
      29 CULPEPER Street, WARRENTON, VA 20186
      View Details
    • $2,900,000
      4,000 SF

      Versatile Industrial Property For Sale

      2.42-acre industrial property with 4,000 SF building in Midland, VA.
      10116 Meetze Rd, WARRENTON, VA 20187
      View Details
    • $1,475,000
      7,300 SF

      Office/Medical Building Near Fauquier Hospital

      7,300 SF office/medical building for sale near Fauquier Hospital.
      555 HOSPITAL DRIVE, WARRENTON, VA 20186
      View Details
    • $999,900

      Warrenton Quadplex Investment Opportunity

      Fully renovated quadplex in Warrenton with strong income potential.
      79 HORNER ST, WARRENTON, VA 20186
      View Details
    • $250,000

      Warrenton Office Condo Available Now

      Office condo in historic Warrenton, close to Main Street.
      28 JOHN MARSHALL St 10, Warrenton, VA 20186
      View Details
    • $999,900

      Renovated Quadplex in Warrenton

      Fully renovated quadplex with strong income potential in Warrenton.
      79 HORNER St, Warrenton, VA 20186
      View Details
    • $275,000
      960 SF

      Move-in Ready Office Condo

      Ground floor office condo in Old Town Warrenton.
      77 W Lee St. #102, Warrenton, VA 20186
      View Details
    • $710,000
      1,550 SF

      Retail Space in Oldtown Warrenton

      Retail space with historic charm in a vibrant community.
      53 S 3rd St, Warrenton, VA
      View Details
    • $1,975,000

      Warrenton Flex Building for Sale

      Two-story flex building near Gainesville, ideal for manufacturing.
      4260 SIGLER Dr, Warrenton, VA 20187
      View Details
    • $275,000
      960 SF

      Move-in Ready Office Condo

      Ground floor office condo in Old Town Warrenton.
      77 W Lee St., Warrenton, VA 20186
      View Details

    FAQs

    What type of property is this?
    Office units - 5,523 SF office condo available for sale.
    Where is this office units located?
    The property is located at 45 N Hill Dr Warrenton, VA.
    What is the asking price?
    The asking price for this property is $1,625,000.
    What are key features of this property?
    This property features: Entire 1st floor office condo offering 5,523 SF; Prime location: 45 North Hill Drive, Warrenton, VA 20186; Option to include or remove existing furniture
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dallon L. Cheney
    Real Estate License ID: VA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    45 N Hill Dr, Warrenton, VA 20186
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!