8141 Pine Ridge Rd, Marshall, VA 20116

Building Details

Building Size 1,500 SF More

Year Built 2026 More

Stories 1 More

Listing Agency: Hometown Realty Services

Listed By: Ally Russell · License #0225270188 Show Phone

Source: Elliman

Added: Nov 8 Last Checked: Nov 8 at 2:59PM

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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 Hometown Realty Services

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,500-square-foot flex condominium unit is in a building completed in 2026 and is offered in shell condition. The interior can be customized to suit the owner’s requirements. The property is part of an approximately 20.07-acre site zoned B-3 Business.

The location is just off Route 301, also known as Chamberlayne Road, with access to I-295 and I-95. Hanover High School is directly across the road.

Key Highlights

• 1,500 SF flex condominium unit
• Delivered in shell condition for interior customization
• Located on an approximately 20.07‑acre B‑3 Business‑zoned site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,247

Cap Rate

5.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,940 $384.9K

Cap Rate 7%

$274,957 $275.0K

Cap Rate 9%

$213,856 $213.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$31.5K $21.00/SF

− Vacancy

−$1.9K −$1.26/SF

EGI

$29.6K $19.74/SF

− OpEx

−$10.4K −$6.91/SF

NOI

$19.2K $12.83/SF

Area

Fauquier County, VA

Vacancy

6.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,940

Cap Rate 7%

$274,957

Cap Rate 9%

$213,856

Alternative Uses

Best Use

Flex RnD

$275.0K

$240.6K – $320.8K (±1% cap)

NOI $19,247 @ 7.0% cap · market cap 5.75%

Second Best

Industrial

$216.0K

$189.0K – $252.0K (±1% cap)

NOI $15,120 @ 7.0% cap · market cap 4.51%

Theoretical Best

Specialty Retail

$833.1K

$729.0K – $972.0K (±1% cap)

NOI $58,320 @ 7.0% cap · market cap 17.41%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Veterinary Clinic Bed & Breakfast Hotel & Motel

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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?

Flex space - Shell-condition space allows an incoming owner to configure the interior for its business requirements.

Where is this flex space located?

The property is located at 8141 Pine Ridge Rd Marshall, VA.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: 1,500 SF flex condominium unit; Delivered in shell condition for interior customization; Located on an approximately 20.07‑acre B‑3 Business‑zoned site