Main-Level Residential
For Sale
$419,990
6704 HOLLY FARM LANE Unit 112, Warrenton, VA 20187
A three-bedroom home in a 55+ community with shared recreation facilities and single-level access.
Property Size1,754 SF
Price / SF$239.45
Days on Market14
Property Features for 6704 HOLLY FARM LANE Unit 112
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,416
Amenities
outdoor swimming pool
clubhouse
fitness center
library
scenic walking trails
Building Details
Building Size
1,754 SF
Year Built
2006
Listing Agency:
Real Broker, LLC
Listed By:
Phillip B Brown · License #0225219059
(757) 234-1590
Source:
Allenrealestate
Added: Oct 16
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,754-square-foot, main-level condominium in Suffield Meadows has three bedrooms, two full bathrooms, and an open living and dining area. The kitchen includes stainless steel appliances, upgraded cabinetry, a tile backsplash, and a breakfast nook. A primary suite offers a walk-in closet, dual vanities, a soaking tub, and a separate shower. The home also has a den, laundry room, garage parking, and additional storage. Updates completed in 2022 included the kitchen, flooring, and paint; the HVAC system is newer. Built in 2006, the residence is part of a 55+ community with an outdoor pool, clubhouse, fitness center, library, and walking trails through meadow and green-space areas.
The property is on Holly Farm Lane in Warrenton, Virginia. Shopping and dining, along with historic Old Town Warrenton, are described as minutes away, and major commuter routes are accessible from the community.
The property is on Holly Farm Lane in Warrenton, Virginia. Shopping and dining, along with historic Old Town Warrenton, are described as minutes away, and major commuter routes are accessible from the community.
Key Highlights
- 1,754‑square‑foot condominium with three bedrooms and two full bathrooms
- Main‑level layout includes an open living and dining area, den, and separate laundry room
- Kitchen has stainless steel appliances, upgraded cabinetry, tile backsplash, and breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,887
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,740
$537.7K
Cap Rate 7%
$384,100
$384.1K
Cap Rate 9%
$298,744
$298.7K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$51.6K $29.40/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$48.9K $27.87/SF
− OpEx
−$22.0K −$12.54/SF
NOI
$26.9K $15.33/SF
Area
Fauquier County, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,740
Cap Rate 7%
$384,100
Cap Rate 9%
$298,744
Alternative Uses
Best Use
Apartment 5plus
$384.1K
$336.1K – $448.1K
NOI $26,887 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$974.2K
$852.5K – $1.14M
NOI $68,196 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 20187, VA
18,888
Population
6,886
Households
2.7
Avg Household Size
41
Median Age
54%
College-Educated
96%
High-School Grad
51.1 sq mi
ZIP Area
370
Density / Sq Mi
$166,113
Median Household Income
$76,721
Median Earnings
$1,873
Median Rent
$601,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom home in a 55+ community with shared recreation facilities and single-level access.
Where is this residential income property located?
The property is located at 6704 HOLLY FARM LANE Unit 112 Warrenton, VA.
What is the asking price?
The asking price for this property is $419,990.
What are key features of this property?
This property features: 1,754‑square‑foot condominium with three bedrooms and two full bathrooms; Main‑level layout includes an open living and dining area, den, and separate laundry room; Kitchen has stainless steel appliances, upgraded cabinetry, tile backsplash, and breakfast nook
