817 Cedar Creek Grade
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817 Cedar Creek Grade
15,000 SF 100% Leased Office Building Winchester, VA 22601 $2,649,000 ($177/SF) 6.33% Cap Rate
Investment Highlights
- High quality professional office building on major entrance corridor
- Ample Parking
- Strong occupancy history
Executive Summary
Owner will vacate his space for an owner occupant or lease back for 3 years
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$213,435
|
$14.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$213,435
|
$14.23
|
| Taxes |
$13,711
|
$0.91
|
| Operating Expenses |
$31,956
|
$2.13
|
| Total Expenses |
$45,667
|
$3.04
|
| Net Operating Income |
$167,768
|
$11.18
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $213,435 |
| Annual Per SF | $14.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $213,435 |
| Annual Per SF | $14.23 |
| Taxes | |
|---|---|
| Annual | $13,711 |
| Annual Per SF | $0.91 |
| Operating Expenses | |
|---|---|
| Annual | $31,956 |
| Annual Per SF | $2.13 |
| Total Expenses | |
|---|---|
| Annual | $45,667 |
| Annual Per SF | $3.04 |
| Net Operating Income | |
|---|---|
| Annual | $167,768 |
| Annual Per SF | $11.18 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
B
Year Built
2008
Price
$2,649,000
Price Per SF
$177
Cap Rate
6.33%
NOI
$167,768
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
0.32
Lot Size
1.09 AC
Zoning
B2 - Zoned B-2
Parking
60 Spaces (4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 269-02-69-A | Total Assessment | $2,631,100 (2024) |
| Land Assessment | $472,700 (2024) | Annual Taxes | $13,711 ($0.91/SF) |
| Improvements Assessment | $2,158,400 (2024) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
269-02-69-A
Land Assessment
$472,700 (2024)
Improvements Assessment
$2,158,400 (2024)
Total Assessment
$2,631,100 (2024)
Annual Taxes
$13,711 ($0.91/SF)
Tax Year
2021
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817 Cedar Creek Grade
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