301 West St Culpeper, VA 22701
This exceptional 4,044 square foot office building, situated on a 0.48-acre corner lot in the heart of downtown Culpeper, Virginia, presents a unique investment opportunity. Currently configured as a well-maintained professional office space, its history as an apartment building offers significant redevelopment potential. The property boasts generous off-street parking, a highly desirable feature in this vibrant commercial district. Its central location places it within easy reach of the city's judicial and government sectors, making it ideal for a variety of professional uses. The property's two lots provide the added benefit of allowing for the construction of another similar structure, significantly increasing its overall value and potential return on investment. This prime downtown location, combined with the flexibility of its existing structure and the potential for future development, makes this a truly exceptional offering. The building's excellent condition and its strategic placement within a bustling commercial area ensure strong potential for both immediate income generation and long-term appreciation. The two lots offer significant expansion possibilities, allowing for future growth and adaptation to changing market demands. This property represents a rare opportunity to acquire a well-established asset with substantial upside potential in a thriving downtown setting. The combination of location, size, and development potential makes this a truly compelling investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.