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    George Dungan, Chantilly, VA

    License ID: 0225201842
    East Coast Commercial Investment Realty Llc

    Service Locations

    Contact details

    Phone:
    (571) 243-6387
    Office Address:
    No St Name, Montross, VA, 22520

    Performance

    Listings
    18

    Listings

    For Sale (10)

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    • $495,000
      1,920 SF

      Chantilly Office Condo - Great Investment

      1920 sq ft Office Condo, Sale-Leaseback Opportunity
      14325 Willard Rd, Chantilly, VA 20151
      View Details
    • Contact for pricing

      Herndon Office Condo - Great View

      Spacious Herndon office condo, ideal location.
      297 Herndon Pkwy, Herndon, VA 20170
      View Details
    • $729,000
      3,086 SF

      Herndon Office Space: Prime Location

      Spacious Office, 9+ Offices, Great Location
      106 Elden St, Herndon, VA 20170
      View Details
    • $315,000

      Modern Office and Showroom Space

      Well-maintained Sterling office with modern design, showroom, and private offices.
      45571 Shepard Dr, Sterling, VA 20164
      View Details
    • $295,500

      Medical/Professional Office Space Available

      First-floor office space suitable for medical or professional use.
      21495 Ridgetop Cir, Sterling, VA 20166
      View Details
    • $255,000

      Corner Office Near Old Town

      Second-floor office space with open layout and kitchenette.
      692 Pine St, Herndon, VA 20170
      View Details
    • $2,200,000

      Commercial Land on Atlantic Boulevard

      1.72 acres of commercial land for sale.
      1014 Ruritan Cir, Sterling, VA 20164
      View Details
    • $535,000

      Herndon Flex Warehouse For Sale

      Flex warehouse with 14' roll-up door and 18' ceilings.
      631 Carlisle Dr, Herndon, VA 20170
      View Details
    • $716,000

      Combined Office Units For Sale

      Combined office units suitable for various professional uses.
      106 Elden St, Herndon, VA 20170
      View Details
    • $349,000

      Old Town Alexandria Ground Office

      Ground level office in a mixed-use building in Old Town.
      801 N Pitt St, Alexandria, VA 22314
      View Details

    For Lease (8)

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    • $3,250 /Mo

      Top Floor Corner Office Suite

      Bright office suite with flexible layout, convenient parking, and prime location.
      301 Maple Ave, Vienna, VA 22180
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    • $8,138 /Mo

      Renovated Office Space Available Soon

      Renovated office space with multiple offices, conference rooms, and kitchen.
      6121 Lincolnia Rd, Alexandria, VA 22312
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    • $16,275 /Mo

      Renovated Office Space Available Soon

      9,300 sq ft office space with modern amenities, convenient location.
      6121 Lincolnia Rd, Alexandria, VA 22312
      View Details
    • $4,500 /Mo

      Warehouse and Office Space Available

      Flex space with warehouse and office in a convenient location.
      8787 Commerce Ct, Manassas, VA 20110
      View Details
    • $2,000 /Mo

      Top Floor Office Space Available

      Top floor office space with collaborative layout and ample parking.
      8791 Commerce Ct, Manassas, VA 20110
      View Details
    • $4,000 /Mo

      Mechanic Shop Space For Sublease

      Mechanic shop space for sublease with yard area.
      6200 Patriot Hwy, Spotsylvania, VA 22553
      View Details
    • $3,250 /Mo

      Renovated Ground Level Office Space

      Completely renovated office space in a rapidly growing area.
      14141 Robert Paris Ct, Chantilly, VA 20151
      View Details
    • $2,400 /Mo

      Unique Creative Office Space Available

      Top-floor corner office unit with views and free parking.
      124 E Broad St, Falls Church, VA 22046
      View Details

    Leases and Sales on Map

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    George Dungan, Chantilly, VA
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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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