5459 Old Alexandria TpkeWarrenton, VA 20187

Property Details for 5459 Old Alexandria Tpke

Year built

1985

Lot size

0.69 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $439,843

  6.5%

  $406,009

  7%

  $377,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,489

  Geo Method

  $369,489

• Alternative Use

  Use

  Valuation

  Residential

  $503,451

  Hospitality

  $461,158

  Educational

  $383,678

  Medical

  $396,874

  Retail

  $596,833

Location Insight

City

Warrenton

County

Fauquier

State

Virginia

Latitude

38.7605

Longitude

-77.7364

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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