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    297 Herndon Pkwy Herndon, VA 20170

    For Sale
    $299,000

    Ground floor office condo, leased until 2026.

    Property size:
    1,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 1,100 square foot office condo located at 297 Herndon Parkway, Unit 102, Herndon, VA. Priced at $299,000, this ground-level unit is currently leased and generating a substantial monthly gross cash flow of $2,164, with the lease extending until April 2026, and including a tenant option to renew. The property's convenient location offers easy access to Reston Hospital, situated just 1.6 miles away. This is one of two professional office condos available for sale within the Herndon Park complex. Unit 102 is the second unit in the building. A unique aspect of this offering is the adjacent availability of Unit 101, also for sale. Purchasing both units presents a compelling opportunity for immediate occupancy, additional lease income generation, and potential future expansion by combining the two spaces. This presents a strong investment opportunity with immediate cash flow and significant long-term potential. The property is situated in a prime location, offering both convenience and accessibility. The current lease provides immediate return on investment, while the option to acquire the neighboring unit unlocks further possibilities for growth and development. This is a rare chance to acquire a well-situated, income-producing property in a desirable Herndon location.

    Property Features for 297 Herndon Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,100 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Terry Jacob Licensed ... Counselor Whitten Kathi LCSW Counselor BSG LLC Security Service herndon homeopathy Alternative Medicine Practitioner No Va Psychotherapy Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.37138
    Latitude
    38.96724

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    FAQs

    What type of property is this?
    Office Property / Space - Ground floor office condo, leased until 2026.
    Where is this office property / space located?
    The property is located at 297 Herndon Pkwy Herndon, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    (703) 330-2222
    Request Owner's contact information
    297 Herndon Pkwy Herndon, VA 20170
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    297 Herndon Pkwy Herndon, VA 20170
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