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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office buildings
5459 Old Alexandria Tpke Warrenton, VA 20187-9361
Individually Owned
5-yr Hold
Free & Clear
Property ID
US87-0413290
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
1,848 SF
Lot
0.69 ac (30,000 SF)
Zoning code
COMMERCIAL NBRHD
APN
7906-00-6859
UPID
US87-0413290
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Great Deal Cars Of Warrenton Car Dealership
-
PSS Inc Accounting Firm Tax Preparation
-
Personal System Services Inc (Bike/Boat/Book/etc) Store Corporate Office
-
2100 raven tower ct Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Jay Mergler · 5 yrs held
Jay Mergler
since 2021
Last sale
$965,000
6 recorded transactions
Zoning & alternative use
COMMERCIAL NBRHD · Warrenton, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Warrenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warrenton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$860,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $965k (Jun 10 2021)
Last sale anchor
$965k
Jun 10 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$498 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,997
Tax year 2024
Assessed value
$740,500
Assessed 2024
Previous assessed
$740,500
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$601,100
Assessed improvement
$139,400
Land market value
$601,100
Improvement market value
$139,400
Total market value
$740,500
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Cooling
YES
Stories
1
Rooms
1
Bathrooms
1
Total area
1,848 SF
Lot
0.69 ac (30,000 SF)
Zoning code
COMMERCIAL NBRHD
APN
7906-00-6859
UPID
US87-0413290
Jurisdiction
FAUQUIER
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
COMMERCIAL NBRHD · Warrenton, VA
Zoning COMMERCIAL NBRHD · permitted uses
COMMERCIAL NBRHD · Warrenton, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warrenton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Jay Mergler
Individual
Free & Clear · 5 yrs held
Mailing address
8036 KAMEHAMEHA PL, GAINESVILLE, VA 20155-2850
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Jay K Mergler
—
Deed
related
$400,000 · Rod K Mergler
Jun 10, 2021
$965,000
Jay Mergler
Jeffrey L Lehew Family LLC X
Warranty Deed
—
Apr 6, 2012
—
Jeffrey L Lehew Famil LLC X
Jlehew LLC
Grant Deed
related
—
Sep 30, 2010
$410,000
Jlehew LLC
Fauquier Bk
Grant Deed
—
Apr 27, 2010
$428,000
Fauquier Bk
Sisson Jeffrey A
Deed In Lieu Of Foreclosure
related
—
—
—
David E Dibble
—
Deed Of Trust
related
$510,000 · Fauquier Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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