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    Restaurant Space in Herndon, VA Title is generated by Realmo AI

    1031 STERLING Road, Herndon, VA 20170

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    Claim this Listing
    For Lease
    $4,500 /Mo

    CommercialLease - HERNDON, VA

    Type:Retail
    Added:
    Oct 2, 2025
    Days on Market:
    238
    Last Refresh:
    May 27 at 1:06 am

    Property Features for 1031 STERLING Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    4
    Parking features
    Parking Lot
    Standard status
    Active

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Building materials
    Brick

    We can help!

    Listing Contact
    Bonnie H Wolfe

    Listing agent Bonnie H Wolfe License #0225078568

    Listing office Samson Properties 14291 Park Meadow Drive unit: 500, Chantilly, VA

    Listing date Oct 2, 2025

    MLS# VAFX2272806

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime restaurant space at the Crossroads of Dulles with special exception zoning approval.
    • Excellent location near major roads and the Herndon Metro Station.
    • High‑traffic area surrounded by offices, businesses, neighborhoods, and the Dulles Park Shopping Center.
    • Three entrances, including a double‑door entry.
    • Ample free surface parking in both the front and rear of the building.
    • Landlord covers CAM and taxes; tenant responsible for utilities.

    Overview

    This first-floor corner space, located at the Crossroads of Dulles in Herndon, VA, presents a prime restaurant opportunity. It benefits from a special exception zoning approval from the Town of Herndon for restaurant use. The unit is suitable for a deli, cafe, coffee shop, catering kitchen, or similar food-service concept. The space features three entrances, including a double-door entry through a walkway and a rear service door. Zoning allows for up to 20 seats. The interior includes large windows, recessed lighting, and laminate flooring. Ample free surface parking is available in the front and rear of the building. The landlord covers CAM and taxes, with the tenant responsible for utilities. Build-out can be tailored to suit specific business needs. Crossroads of Dulles is located at the intersection of Elden Street and Sterling Road, near Worldgate, Centreville Road, and Dulles Access Road/267. The property is adjacent to Dulles Park Shopping Center, which includes retailers such as Fresh World, CVS, and Banfield Pet Hospital, and is close to the Herndon Metro Station on the Silver Line. The location is surrounded by government offices, businesses, and residential neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Century Pediatrics Inc. ... Physician KRISHNA MADIRAJU M.D. Pediatrician Adrianna Rodriguez Marriage Or Relationship Counselor Dr. Wanda F. ... Dental Office Prosperity Eating Disorders ... Social Worker

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3961832
    Latitude
    38.968538

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    FAQs

    What type of property is this?
    Restaurant - Prime restaurant space with special zoning approval in Herndon.
    Where is this restaurant located?
    The property is located at 1031 STERLING Road Herndon, VA.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Prime restaurant space at the Crossroads of Dulles with special exception zoning approval.; Excellent location near major roads and the Herndon Metro Station.; High‑traffic area surrounded by offices, businesses, neighborhoods, and the Dulles Park Shopping Center.
    (703) 930-5692
    We can help!
    Listing Contact
    Bonnie H Wolfe
    Real Estate License ID: 0225078568
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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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    1031 STERLING Road, HERNDON, VA 20170
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