Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    202 Evans St Culpeper, VA 22701-2604

    • Commercial real estate
    • 3,312 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1253150
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Maloney & Ward Insurance Agency / Insurance Agency / Auto Insurance Agency

    Property Details for 202 Evans St

    Year built
    1966
    Lot size
    0.23 lot acres
    Property size
    3,312 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    41-A2- 1- O- 4
    APU
    41A21O4

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $825,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Culpeper
    County
    Culpeper
    State
    Virginia
    Longitude
    -77.9966
    Latitude
    38.4771
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,024
    $135,000
    $305,100
    $440,100
    -
    $135,000
    $305,100
    $440,100

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      Culpeper, VA 22701

      COMMERCIAL (GENERAL) • 0.74 Acres
      Culpeper, VA 22701
      View Details
    • Value Estimation by Request
      0.94 Acres

      15404 Normans Ln

      COMMERCIAL (GENERAL) • 0.94 Acres
      15404 Normans Ln, Culpeper, VA 22701
      View Details
    • Value Estimation by Request
      0.16 Acres

      110 Cherry St

      COMMERCIAL (GENERAL) • 0.16 Acres
      110 Cherry St, Culpeper, VA 22701-3506
      View Details
    • Value Estimation
      $2,520,000
      16,365 SF

      1099 Brandy Knl Ct

      COMMERCIAL (GENERAL) • 16,365 SF
      1099 Brandy Knl Ct, Culpeper, VA 22701-2806
      View Details
    • Value Estimation
      $2,490,000
      10,125 SF

      150 Madison Rd

      COMMERCIAL (GENERAL) • 10,125 SF
      150 Madison Rd, Culpeper, VA 22701-3405
      View Details
    • Value Estimation by Request
      384 SF

      117 Park Ave

      COMMERCIAL (GENERAL) • 384 SF
      117 Park Ave, Culpeper, VA 22701-3451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.25 Acres

      Culpeper Industrial Land - 8.25 Acres

      Prime Culpeper location, industrial zoning, development potential.
      0 Chandler St, Culpeper, VA 22701
      View Details
    • $2,085,000
      1,459 SF

      Culpeper Commercial Trio: Prime Location

      Three parcels, 2.8 acres, C2 zoning.
      815 Sperryville Pike, Culpeper, VA 22701
      View Details
    • $580,000
      3,216 SF

      Culpeper Commercial Redevelopment Opportunity

      1-Acre Lot, R-1 Zoning, High Potential
      675 Laurel St, Culpeper, VA 22701
      View Details
    • $325,000
      0.29 Acres

      Culpeper Commercial Lot - Prime Location

      Boutique Hotel or Duplex Potential - 0.29 Acres
      121 Piedmont St, Culpeper, VA 22701
      View Details
    • Contact for pricing

      Prime Culpeper Commercial Space

      Move-in Ready Banking Facility in Thriving Center
      Southgate Ctr, Culpeper, VA 22701
      View Details
    • $899,000
      3,984 SF

      Culpeper Main Street Commercial Property

      Prime Culpeper location, 3984 sq ft, 1.75 acres
      1600 Main St, Culpeper, VA 22701
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      9,583 SF

      Office/Retail Space in Culpeper, VA

      Office or retail space with parking in Culpeper, Virginia.
      1012 S Main St, Culpeper, VA 22701
      View Details
    • $1,200 /Mo

      Renovated Space in Prime Location

      Newly renovated space suitable for office, retail, or salon.
      1012 Main B, Culpeper, VA 22701
      View Details
    • $16 SF/Yr

      Commercial Center on Duke Street

      Commercial spaces suitable for offices, retail, and more.
      101 Duke St, Culpeper, VA 22701
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space for lease at major intersection.
      12394 Metlock Rd, Culpeper, VA 22701
      View Details
    • Contact for pricing
      8,360 SF

      Culpeper Colonnade Retail Spaces

      Prime Culpeper retail, 3 suites available.
      15359 Montanus Dr, Culpeper, VA 22701
      View Details
    • Contact for pricing
      58,648 SF

      Meadowbrook Center: Prime Retail Space

      Culpeper, VA: Executive Office & Retail Suites Available
      505 Meadowbrook Shopping Ctr, Culpeper, VA 22701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    202 Evans St
    Culpeper, VA 22701-2604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.