First Floor Office
For Sale
Contact for pricing
45 N Hill Dr, Warrenton, VA 20186
5,523 SF office condo available for sale.
Property Size5,523 SF
Lot Size0.14 Acres
Price / SF$294.22
Days on Market1090
Property Features for 45 N Hill Dr
General Information
Standard status
Active
Size
5,523 SF
Class
A
Lot size
0.14 Acres
Property subtype
Office
Zoning
CL/RO
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
NAI KLNB (Tysons, VA)
Listed By:
Dallon L. Cheney · License #VA
(703) 268-2727
Source:
Crexi
Added: Oct 24, 2023
Changed: Oct 11
Last Checked: Oct 16 at 7:05AM
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)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,949
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,980
$1.5M
Cap Rate 7%
$1,056,414
$1.1M
Cap Rate 9%
$821,656
$821.7K
Market Conditions
NOI Build-Up for 5,523 SF
Gross rent
$115.3K $20.88/SF
− Vacancy
−$16.7K −$3.03/SF
EGI
$98.6K $17.85/SF
− OpEx
−$24.6K −$4.46/SF
NOI
$73.9K $13.39/SF
Area
Fauquier County, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,980
Cap Rate 7%
$1,056,414
Cap Rate 9%
$821,656
Alternative Uses
Best Use
Office B
$1.06M
$924.4K – $1.23M
NOI $73,949 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,734 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
922
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
