Building Details

Buildings 1

Listing Agency: Capital Area Business Brokerage LLC

Listed By: Michael Wilmore · License #VA 0225179785

Source: Crexi

Added: Apr 1 Changed: Oct 5 Last Checked: Oct 14 at 10:32PM

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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 Capital Area Business Brokerage LLC

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Investment Insights

Based on property information with market context.

This 6,250-square-foot warehouse includes a mezzanine-level, one-bedroom apartment that is currently vacant. The building has been used for storing Pure Water Pure Air inventory, providing a combination of warehouse and residential space within the same structure.

The property is located at 7740 Harpine Hwy in Linville, Virginia. Its configuration may suit an owner-user seeking warehouse space with an additional apartment component, subject to applicable requirements and approvals.

Key Highlights

• 6,250‑square‑foot warehouse building
• Vacant one‑bedroom apartment located in the mezzanine area
• Previously used for Pure Water Pure Air inventory

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,875

Cap Rate

6.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,237,500 $1.2M

Cap Rate 7%

$883,929 $883.9K

Cap Rate 9%

$687,500 $687.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,250 SF

Gross rent

$112.5K $18.00/SF

− Vacancy

−$13.5K −$2.16/SF

EGI

$99.0K $15.84/SF

− OpEx

−$37.1K −$5.94/SF

NOI

$61.9K $9.90/SF

Area

Rockingham County, VA

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,237,500

Cap Rate 7%

$883,929

Cap Rate 9%

$687,500

Alternative Uses

Best Use

Mixed Use

$883.9K

$773.4K – $1.03M (±1% cap)

NOI $61,875 @ 7.0% cap · market cap 6.19%

Second Best

Warehouse

$652.3K

$570.8K – $761.0K (±1% cap)

NOI $45,661 @ 7.0% cap · market cap 4.57%

Theoretical Best

Office A

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,850 @ 7.0% cap · market cap 13.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Auto Repair Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 22834, VA

1,354

Population

468

Households

2.9

Avg Household Size

41

Median Age

42%

College-Educated

92%

High-School Grad

18.9 sq mi

ZIP Area

72

Density / Sq Mi

$89,716

Median Household Income

$40,074

Median Earnings

$1,140

Median Rent

$349,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - The facility includes warehouse space and vacant one-bedroom living quarters above the main floor.

Where is this warehouse located?

The property is located at 7740 Harpine Hwy Linville, VA.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 6,250‑square‑foot warehouse building; Vacant one‑bedroom apartment located in the mezzanine area; Previously used for Pure Water Pure Air inventory