Move-in Ready Office
77 W Lee St. #102, Warrenton, VA 20186
For Sale
Contact for pricing
Ground floor office condo in Old Town Warrenton.
Property Size960 SF
Price / SF$286.46
Days on Market187
Property Features for 77 W Lee St. #102
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Units
Listing Agency:
CRES Inc.
Listed By:
Bill Chipman · License #0225036548
(540) 346-2610
Source:
Crexi
Added: May 7
Changed: Aug 8
Last Checked: Sep 2 at 1:39PM
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.
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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.
This move-in ready ground floor office condo is located in the heart of Old Town Warrenton. The 960 square foot unit is currently built out as a pharmacy. The layout includes 2 private offices, an open floor plan, two storage closets, a kitchen, and a full bathroom. The flexible layout suits a wide range of professional or medical/retail uses. This property presents an opportunity for owner-occupants or investors seeking an established presence in Fauquier County's walkable commercial district.
Key Highlights
- Move‑in ready ground floor office condo in Old Town Warrenton.
- Flexible layout suitable for professional, medical, or retail uses.
- Low monthly condo fees resulting in below‑market occupancy costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,854
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,080
$257.1K
Cap Rate 7%
$183,629
$183.6K
Cap Rate 9%
$142,822
$142.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$20.0K $20.88/SF
− Vacancy
−$2.9K −$3.03/SF
EGI
$17.1K $17.85/SF
− OpEx
−$4.3K −$4.46/SF
NOI
$12.9K $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%
$257,080
Cap Rate 7%
$183,629
Cap Rate 9%
$142,822
Alternative Uses
Best Use
Specialty Retail
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 13.57%
Second Best
Retail
$458.8K
$401.4K – $535.2K
NOI $32,114 @ 7.0% cap · market cap 11.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,447
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
Properties on Market for Office Units in Fauquier County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Ground floor office condo in Old Town Warrenton.
Where is this office unit located?
The property is located at 77 W Lee St. #102 Warrenton, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Move‑in ready ground floor office condo in Old Town Warrenton.; Flexible layout suitable for professional, medical, or retail uses.; Low monthly condo fees resulting in below‑market occupancy costs.
