299 HERNDON Parkway Herndon, VA 20170
Commercial Sale - HERNDON, VA
Property Features for 299 HERNDON Parkway
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 20
- Parking features
- Parking Lot, Assigned
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 4332
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1992
- Building materials
- Brick
Listing agent Michael C Lefevere License #0225082600 (571) 228-5050
Listing office Weichert, REALTORS 1760 RESTON Parkway unit: 111, Alexandria, VA (703) 264-0000
Listing date Mar 19, 2026
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.
Investment Insights
Based on property information with market context.
The property is situated at the intersection of Herndon Pkwy and Elden St. It offers ample open parking in front of the unit, supporting convenient customer and employee access.
Zoned CO (Commercial Office), the suite is positioned for office use within the local commercial office zoning district.
Key Highlights
- About 1,000 sq. ft. ground‑level office with direct access to the unit from the parking lot
- Available for immediate occupancy; also available for lease at $1,900 per month
- Brick construction with central heating and central air
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $29.52 |
| − Vacancy | −$4.3k | −$4.28 |
| EGI | $25.2k | $25.24 |
| − OpEx | −$6.3k | −$6.31 |
| NOI | $18.9k | $18.93 |
