351 Sta Rd Berryville, VA 22611-1198
- Commercial real estate
- 18,488 SF
- 9.95 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 351 Sta Rd
- Year built
- 1940
- Lot size
- 9.95 lot acres
- Property size
- 18,488 SF
- Property type
- Commercial real estate
- APN
- 14A5 7 2
- APU
- 14A572
Description
This exceptional 270,000 square foot industrial property in Berryville, Virginia, presents a compelling value-add investment or owner-user opportunity. Situated on a spacious 22-acre lot, this multi-tenant facility boasts 11 tenants currently occupying 76% of the space, generating a current NOI of $860,176 and a pro-forma NOI of $1,094,376. The property features 24 loading docks and 24 dock-high doors, complemented by a 22-foot ceiling height. Originally constructed in 1940 and renovated in 1980, the building is zoned for industrial use, making it suitable for distribution, manufacturing, or warehousing. The property includes 13 units and offers one parking space per 1,000 square feet. Its strategic location within the Washington, D.C. metro area provides easy access to major transportation routes. Seller financing is available. This fee-simple ownership presents a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside potential. The property is located at 351 Station Rd, Berryville, VA 22611.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,880,000
- 6.5%
- $7,080,000
- 7%
- $6,760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,395,000
- Geo Method
- $6,600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,650,000
- Retail
- $7,090,000
- Mixed-Use
- $7,990,000
- Hospitality
- $7,495,000
- Educational
- $7,670,000
- Residential Income
- $6,845,000
- Energy
- $6,330,000
- Income-Based Land
- $7,250,000
- Food Service
- $8,095,000
Location Insight
- Map
- Local Demand
- City
- Berryville
- County
- Clarke
- State
- Virginia
- Longitude
- -77.9814
- Latitude
- 39.1447
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA