Ground-Level Office
For Sale
$289,000
106-299 Herndon Pkwy, Herndon, VA 20170
Office space offers a skylight, direct parking-lot entry, and convenient access to a half bath.
Property Size1,000 SF
Price / SF$289
Days on Market215
Property Features for 106-299 Herndon Pkwy
General Information
Standard status
Active
Size
1,000 SF
Zoning
CO
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$4,332
Amenities
skylight
half bathroom
Listing Agency:
Weichert, REALTORS
(703) 264-0000
Listed By:
Michael C Lefevere · License #0225082600
(571) 228-5050
Source:
Exprealty
Added: Mar 16
Changed: Oct 13
Last Checked: Oct 15 at 4:08AM
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 Weichert, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-level office unit provides roughly 1,000 square feet of workspace with entry directly from the parking lot. A half bath is positioned near the entrance, while a skylight brings natural light into the interior. The unit is available for immediate occupancy.
The property is located at the intersection of Herndon Pkwy. and Elden St. and is zoned CO (Commercial Office). Open parking is available in front of the unit, supporting convenient access for occupants and visitors.
The property is located at the intersection of Herndon Pkwy. and Elden St. and is zoned CO (Commercial Office). Open parking is available in front of the unit, supporting convenient access for occupants and visitors.
Key Highlights
- Roughly 1, 000 sq.ft. of ground‑level office space
- Direct entry to the unit from the parking lot
- Skylight provides natural light inside the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,930
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,600
$378.6K
Cap Rate 7%
$270,429
$270.4K
Cap Rate 9%
$210,333
$210.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$29.5K $29.52/SF
− Vacancy
−$4.3K −$4.28/SF
EGI
$25.2K $25.24/SF
− OpEx
−$6.3K −$6.31/SF
NOI
$18.9K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,600
Cap Rate 7%
$270,429
Cap Rate 9%
$210,333
Alternative Uses
Best Use
Office B
$270.4K
$236.6K – $315.5K
NOI $18,930 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,423 @ 7.0% cap · market cap 101.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space offers a skylight, direct parking-lot entry, and convenient access to a half bath.
Where is this office units located?
The property is located at 106-299 Herndon Pkwy Herndon, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Roughly 1, 000 sq.ft. of ground‑level office space; Direct entry to the unit from the parking lot; Skylight provides natural light inside the office
