Culpeper Commercial Opportunity on
For Sale
$900,000
810 S MAIN STREET, Culpeper, VA 22701
3,600 SF office building with redevelopment potential on Main Street.
Property Size3,600 SF
Price / SF$250
Days on Market154
Property Features for 810 S MAIN STREET
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,422
Building Details
Building Size
3,600 SF
Year Built
1929
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Krystle Smith · License #225205029
(540) 229-3158
Source:
Kerishull
Added: May 10
Changed: Oct 6
Last Checked: Oct 9 at 11:46PM
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 CENTURY 21 New Millennium
Investment Insights
Based on property information with market context.
This commercial property in Culpeper features a 3,600 SF office building located on South Main Street (US-29 Business corridor). Situated on two subdivided parcels, the property offers flexibility for investors, owner-users, and developers. The parcels may be consolidated into one larger site, creating additional development potential. The location benefits from strong daily traffic exposure, with CoStar/VDOT corridor data reflecting consistent mid-to-high teen thousands in AADT. The property is zoned NX (Neighborhood Mixed Use), supporting a range of permitted uses including duplexes, multifamily dwellings, townhomes, office, retail, indoor consumer services, daycare, entertainment, artisan manufacturing and production, schools, community assembly and cultural facilities, parks and open space, and parking facilities. This property presents opportunities for redevelopment, adaptive reuse, mixed-use development, or continued professional office use within one of Culpeper’s active commercial corridors. The bike score is 35, indicating it is somewhat bikeable, and the walk score is 45, indicating car-dependent.
Key Highlights
- Prime commercial location on South Main Street (US‑29 Business) with high daily traffic exposure.
- 3,600 SF office building on two subdivided parcels, offering flexibility.
- NX (Neighborhood Mixed Use) zoning allows for a wide range of permitted uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,201
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,020
$964.0K
Cap Rate 7%
$688,586
$688.6K
Cap Rate 9%
$535,567
$535.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$75.2K $20.88/SF
− Vacancy
−$10.9K −$3.03/SF
EGI
$64.3K $17.85/SF
− OpEx
−$16.1K −$4.46/SF
NOI
$48.2K $13.39/SF
Area
Culpeper 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%
$964,020
Cap Rate 7%
$688,586
Cap Rate 9%
$535,567
Alternative Uses
Best Use
Office B
$688.6K
$602.5K – $803.4K
NOI $48,201 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,968 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 22701, VA
37,411
Population
13,770
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
172.2 sq mi
ZIP Area
217
Density / Sq Mi
$93,910
Median Household Income
$47,492
Median Earnings
$1,386
Median Rent
$376,100
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
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Frequently Asked Questions
What type of property is this?
Office building - 3,600 SF office building with redevelopment potential on Main Street.
Where is this office building located?
The property is located at 810 S MAIN STREET Culpeper, VA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime commercial location on South Main Street (US‑29 Business) with high daily traffic exposure.; 3,600 SF office building on two subdivided parcels, offering flexibility.; NX (Neighborhood Mixed Use) zoning allows for a wide range of permitted uses.
