5029 Airport RdMidland, VA 22728

  • Industrial properties
  • 10,752 SF
For Sale
$5,000,000 View listing

Property Details for 5029 Airport Rd

Year built
1986
Lot size
5.00 AC
Property size (Sq ft)
10,752 SF
Zone code
INDUSTRIAL GENERAL
Property type
Industrial properties
Property subtype
Other industrial properties
APN
7809-89-8037
APU
7809898037

Description

This exceptional Class A industrial property, located at 5029 Airport Rd in Midland, Virginia (zip code 22728), offers 10,000 square feet of versatile space on a 5-acre lot. Ideally situated near the Warrenton Airport, its I2 zoning is perfect for light manufacturing, storage, or last-mile distribution. The single-story building, constructed in 1986, has undergone significant renovations in 2016 and 2023. Recent improvements include a new sliding gate, ADA-compliant warehouse bathrooms, and a renovated warehouse office (added in 2016, expanding the office space by 1,300 square feet). Further enhancements completed in 2022 encompass an 8-inch concrete pad, repaved parking lot, a new concrete yard wall, a front retaining wall, landscaping, and a new exterior office door. Prior updates (2014-2015) included a new roof, gutters, and fencing. The property boasts ample parking with 40 spaces and a county septic hookup. This turnkey operation presents a rare opportunity to acquire a high-quality industrial asset in a prime Fauquier County location. The asking price is $5,000,000, with a price per square foot of $500.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,929,170
    Hospitality
    $2,683,104
    Educational
    $2,232,310
    Medical
    $2,309,083
    Retail
    $3,472,483
5029 Airport Rd, Midland, Virginia

Location Insight

City
Midland
County
Fauquier
State
Virginia
Latitude
38.5905
Longitude
-77.7096
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
$6,577
$250,000
$446,000
$696,000
-
$250,000
$446,000
$696,000

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