Two-Story Flex
10-22580 Glenn Dr, Sterling, VA 20164
For Sale
$1,324,000
Flexible condominium space with office and warehouse components, suitable for an owner occupant or multiple tenants.
Property Size3,484 SF
Price / SF$380.02
Days on Market61
Property Features for 10-22580 Glenn Dr
General Information
Standard status
Size
Total Parking Spaces
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Mezzanine
Dock-High Doors
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Stories
Listing Agency:
Samson Properties
(571) 407-7497
Listed By:
Todd Kolasch · License VA #0225177909
(703) 424-8532
Source:
Exprealty
Added: Sep 10
Changed: Nov 4
Last Checked: Nov 8 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Samson Properties
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Investment Insights
Based on property information with market context.
This fee-simple flex condominium combines 684 square feet of mezzanine office space with 2,800 square feet of industrial warehouse area. The mezzanine includes three offices, while the front entry office features cubicles, a conference room, and a private office. The unit also offers a kitchenette, full bath, one dock-high garage door, and 24-foot clear ceiling height. A heat pump HVAC unit serves the space.
The property includes an average of seven designated parking spaces per unit, along with additional open parking at the front, rear, and side. Located at 10-22580 Glenn Dr in Sterling, the condominium is minutes from Dulles Airport and just off Route 28. Current leases and tenants are in place, with room for an owner occupant if desired. Existing racking, a forklift, and large-scale equipment are available separately.
The property includes an average of seven designated parking spaces per unit, along with additional open parking at the front, rear, and side. Located at 10-22580 Glenn Dr in Sterling, the condominium is minutes from Dulles Airport and just off Route 28. Current leases and tenants are in place, with room for an owner occupant if desired. Existing racking, a forklift, and large-scale equipment are available separately.
Key Highlights
- 3,484 total square feet across 684 SF of mezzanine office and 2,800 SF of warehouse space
- 24‑foot clear height with one dock‑high garage door
- Three mezzanine offices plus cubicles, conference room, and private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,687
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,740
$1.0M
Cap Rate 7%
$738,386
$738.4K
Cap Rate 9%
$574,300
$574.3K
Market Conditions
NOI Build-Up for 3,484 SF
Gross rent
$83.6K $24.00/SF
− Vacancy
−$4.1K −$1.18/SF
EGI
$79.5K $22.82/SF
− OpEx
−$27.8K −$7.99/SF
NOI
$51.7K $14.84/SF
Area
Loudoun County, VA
Vacancy
4.90%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,740
Cap Rate 7%
$738,386
Cap Rate 9%
$574,300
Alternative Uses
Best Use
Flex RnD
$738.4K
$646.1K – $861.5K
NOI $51,687 @ 7.0% cap · market cap 3.90%
Second Best
Warehouse
$391.1K
$342.2K – $456.2K
NOI $27,374 @ 7.0% cap · market cap 2.07%
Theoretical Best
Specialty Retail
$1.09M
$955.4K – $1.27M
NOI $76,430 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
Market
Properties on Market for Flex space in Loudoun County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Schoolhouse Grill – School Meal Specialist — 45945 Trefoil Ln Suite 166, Sterling, VA 20166
- El Zason Catering — 22821 Silverbrook Center Dr, Sterling, VA 20166
- Swagruha Foods — 22821 silverbrook center dr #110, sterling, va 20166
- Flying Food Group — 45200 Prologis Plaza, Sterling, VA 20166
- Kadbanoo Catering — 506 Shaw Rd #322, Sterling, VA 20166
Frequently Asked Questions
What type of property is this?
Flex space - Flexible condominium space with office and warehouse components, suitable for an owner occupant or multiple tenants.
Where is this flex space located?
The property is located at 10-22580 Glenn Dr Sterling, VA.
What is the asking price?
The asking price for this property is $1,324,000.
What are key features of this property?
This property features: 3,484 total square feet across 684 SF of mezzanine office and 2,800 SF of warehouse space; 24‑foot clear height with one dock‑high garage door; Three mezzanine offices plus cubicles, conference room, and private office
