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Mixed-Use Building with Income Potential

100-21580 Atlantic Blvd Sterling, VA 20166

Claim this Listing
For Sale
$2,240,000

Mixed-use building with tenants, warehouse, and high ceilings.

Property size:
6,400 SF
Price / SF:
$350/SF
Added:
Apr 16, 2026
Days on Market:
87
Last Refresh:
Jun 29 at 4:58 am

Property Features for 100-21580 Atlantic Blvd

General Information

Standard status
Active
Size
6,400 SF

Listing office Palisade Realty, Ltd.

Listing date Apr 16, 2026

Source Exprealty

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 Palisade Realty, Ltd.


Investment Insights

Based on property information with market context.

This mixed-use building is suitable for investors or end-users. The property currently houses three tenants, generating approximately $120,000 in income. The tenants are currently on month-to-month leases but are willing to sign extended leases. The building features two floors in the front, each approximately 1600 square feet, with central HVAC. These floors are currently occupied by separate tenants. The property includes unassigned parking spaces and ample room for trailer access to the loading dock. The warehouse area, located at the rear of the building, offers approximately 3200 square feet of space, including one office, one bathroom, and gas heat. The warehouse has a separate entrance and loading dock. The unit is solidly built with a 28 ft high ceiling in the warehouse area. The property is not suitable for automotive use.

Key Highlights

  • Existing tenants generate approximately $120,000 annual income.
  • Tenants are willing to sign extended leases.
  • Building includes two floors, each approximately 1600 sq. ft., with central HVAC.

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 $188.9k $29.52
− Vacancy −$27.4k −$4.28
EGI $161.5k $25.24
− OpEx −$40.4k −$6.31
NOI $121.2k $18.93
6,400 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.73M
$1.51M – $2.02M (±1% cap)
NOI $121,150 @ 7.0% cap · market cap 5.41%
Second Best
Mixed Use
$1.14M
$993.6K – $1.32M (±1% cap)
NOI $79,488 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M (±1% cap)
NOI $140,400 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Auto Repair Shop Auto Parts Store Law Firm Building Supply HVAC Service Big Box & Wholesale Store Garden Center Plumbing Service Veterinary Clinic

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with tenants, warehouse, and high ceilings.
Where is this mixed-use property located?
The property is located at 100-21580 Atlantic Blvd Sterling, VA.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: Existing tenants generate approximately $120,000 annual income.; Tenants are willing to sign extended leases.; Building includes two floors, each approximately 1600 sq. ft., with central HVAC.
Contact an agent
More about this property
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