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    37 Main St, Unit 203 Warrenton, VA 20186
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    Property profile & analytics

    37 Main St, Unit 203 Warrenton, VA 20186

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    • Retail space
    • 12,616 SF
    • 0.32 lot acres
    For Lease
    $1,250/Mo
    View Listing →
    Downtown Office Space For Rent For Lease
    $1,250/Mo

    Downtown Office Space For Rent

    Office space in a historical building, prime downtown location.

    37 Main St #203, Warrenton, VA 20186
    View Listing
    Property ID
    US87-0100307
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ameriprise Financial / Financial Advisor
    • Atlantic Union Bank ATM / Atm
    • Iron Fox / Business Service Center
    • Brian Bausman - Associate Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Matthew Cizler - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor

    Property Details for 37 Main St

    Year built
    1890
    Lot size
    0.32 lot acres
    Property size
    12,616 SF
    Zone code
    CENTRAL BUSINESS DISTRICT
    Property type
    Retail space
    APN
    6984-43-3718
    APU
    6984433718

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $981,000
      Market price range: $472k - $1.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrenton
    County
    Fauquier
    State
    Virginia
    Longitude
    -77.7942
    Latitude
    38.7137
    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
    2024
    $14,733
    $772,500
    $789,900
    $1,562,400
    -
    $772,500
    $789,900
    $1,562,400

    Comparable in this City

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    • Value Estimation
      $1,260,000
      5,625 SF

      78 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,625 SF
      78 Main St, Warrenton, VA 20186-3332
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    • Value Estimation
      $670,000
      7,680 SF

      45 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,680 SF
      45 Main St, Warrenton, VA 20186-3453
      View Details
    • Value Estimation
      $2,690,000
      28,756 SF

      346 Waterloo St

      RETAIL STORES (PERSONAL SERVICES) • 28,756 SF
      346 Waterloo St, Warrenton, VA 20186-3114
      View Details
    • Value Estimation by Request
      960 SF

      30 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      30 3rd St, Warrenton, VA 20186-3302
      View Details
    • Value Estimation
      $870,000
      3,659 SF

      494 Broadview Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,659 SF
      494 Broadview Ave, Warrenton, VA 20186-2024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,800 SF

      Retail Space in Oldtown Warrenton

      Retail space with historic charm in a vibrant community.
      53 S 3Rd St, Warrenton, VA 20186
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    • $3,299,000

      Prime Commercial Land Opportunity

      11.57 acres in Opal Service District, zoned C-2.
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      2.64 Acres

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      Prime landscaping/nursery location. High-traffic highway frontage.
      7159 Burke Ln, Warrenton, VA 20186
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      Historic Warrenton Office Suite

      Prime Downtown Warrenton Office Space
      24 Ashby St, Warrenton, VA 20186
      View Details
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      Warrenton Office Condo For Sale

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      75 W Lee St, Warrenton, VA 20186
      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      Retail Spaces in Warrenton Center

      Retail spaces for lease in community shopping center.
      251 W Lee Hwy, Warrenton, VA 20186
      View Details
    • Contact for pricing
      1,417 SF

      Office and Retail Space Available

      Office and retail spaces for lease with ample parking.
      28 Blackwell Park Ln, Warrenton, VA 20186
      View Details
    • Contact for pricing

      Warrenton Retail Spaces for Lease

      Retail spaces for lease in Warrenton Village Center.
      139-189 West Lee Hwy, Warrenton, VA 20186
      View Details
    • $1,200 /Mo

      Retail Space in Old Town

      Retail space in Old Town Warrenton with utilities included.
      32 Waterloo St, Warrenton, VA 20186
      View Details
    • $2,685 /Mo

      Retail Space in Old Town

      Retail/professional space in historic Old Town Warrenton, Virginia.
      92 Main St, Warrenton, VA 20186
      View Details
    View Listing
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    Warrenton, VA 20186
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    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.

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