5459 Old Alexandria Tpke Warrenton, VA 20187
- Office buildings
- 1,848 SF
- 0.69 lot acres
Current Use by Public Records
- Great Deal Cars Of Warrenton / Used Car Dealer
- PSS Inc / Accountant
- Personal System Services Inc / Software Company
- 2100 raven tower ct / Store
Property Details for 5459 Old Alexandria Tpke
- Year built
- 1985
- Lot size
- 0.69 lot acres
- Property size
- 1,848 SF
- Zone code
- COMMERCIAL NBRHD
- Property type
- Office buildings
- APN
- 7906-00-6859
- APU
- 7906006859
Description
This exceptional investment opportunity presents a 1,900 square foot auto shop on a 0.69-acre lot in Warrenton, Virginia. Located on Route 29/Lee Highway, this property boasts excellent visibility and high traffic volume (48,000 vehicles per day). Currently leased under a Net Lease (NNN) agreement with a single tenant, the lease has six years remaining with a five-year renewal option. The monthly rent, effective July 1, 2024, is $6,190.30, subject to a 3% annual escalation. The property features approximately 30 parking spaces and is zoned C-1, with approved auto sales use. The asking price is $1,240,000, representing a 6.00% capitalization rate and a price per square foot of $652.63. The property's location offers easy access to both Gainesville and Warrenton, approximately five miles away. This is a rare opportunity to acquire a well-located, high-performing investment property with a strong tenant and significant upside potential. The property's APN is 7906-00-6859-000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $860,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $1,040,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,125,000
- Geo Method
- $1,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,100,000
- Retail
- $1,080,000
- Mixed-Use
- $865,000
- Hospitality
- $885,000
- Educational
- $1,035,000
- Residential Income
- $1,085,000
- Energy
- $965,000
- Income-Based Land
- $815,000
- Food Service
- $870,000
Location Insight
- Map
- Local Demand
- City
- Warrenton
- County
- Fauquier
- State
- Virginia
- Longitude
- -77.7364
- Latitude
- 38.7605
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA