Two-Story Flex Office
111 Carpenter Dr Sterling, VA 20164
111 Carpenter Dr, Sterling, VA, 20164
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For Sale
Contact for pricing
Built-out mezzanine and flex-office layout make this condo well-suited for contractor or service-operator workspaces.
Property Size3,850 SF
Price / SF$145.45
Days on Market53
Property Features for 111 Carpenter Dr
General Information
- Standard status
- Active
- Size
- 3,850 SF
- Property subtype
- Office
Listing agency
Divaris Real Estate Inc DC Regional Office
(571) 455-7021
Listed by
Erik Ulsaker · License #SP98377091
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 4:41AM
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 Divaris Real Estate Inc DC Regional Office
Investment Insights
Based on property information with market context.
Unit K at 111 Carpenter Road is a two-story flex-office condominium configured for both office use and flexible operations. The unit includes a fully built-out mezzanine level, providing additional usable space alongside the main floor area.
The property is positioned in the Rt. 28 / Dulles North corridor, in Sterling, Virginia. It sits near the intersection of Carpenter Road and Route 606, with convenience to major transportation routes and local resources. The surrounding area includes destinations such as Sterling Plaza and Dulles Town Center. It is also near outdoor recreational options, including Claude Moore Park and the W&OD Trail, and it offers proximity to Dulles International Airport.
This setup is practical for businesses that need a professional office environment combined with operational flexibility. The built-out mezzanine supports teams that want to create dedicated functional space within the same footprint, making the unit a straightforward option for service-based operators and construction contractors looking for an on-site workspace that accommodates both work functions and administrative needs.
The property is positioned in the Rt. 28 / Dulles North corridor, in Sterling, Virginia. It sits near the intersection of Carpenter Road and Route 606, with convenience to major transportation routes and local resources. The surrounding area includes destinations such as Sterling Plaza and Dulles Town Center. It is also near outdoor recreational options, including Claude Moore Park and the W&OD Trail, and it offers proximity to Dulles International Airport.
This setup is practical for businesses that need a professional office environment combined with operational flexibility. The built-out mezzanine supports teams that want to create dedicated functional space within the same footprint, making the unit a straightforward option for service-based operators and construction contractors looking for an on-site workspace that accommodates both work functions and administrative needs.
Key Highlights
- 2‑story flex‑office condominium unit (Unit K) at 111 Carpenter Road, Sterling, VA
- Total size 3,850 SF, including a fully built‑out mezzanine level
- Flex‑office condo setup with built‑out mezzanine for contractor or service‑operator workspace needs
Local Financial Insights For Warehouse
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 | $37.4k | $9.72 |
| − Vacancy | −$1.8k | −$0.48 |
| EGI | $35.6k | $9.24 |
| − OpEx | −$5.3k | −$1.39 |
| NOI | $30.3k | $7.86 |
3,850 SF · lease $9.72/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.04M
$911.0K – $1.21M
NOI $72,879 @ 7.0% cap · market cap 13.01%
Second Best
Flex RnD
$816.0K
$714.0K – $952.0K
NOI $57,117 @ 7.0% cap · market cap 10.20%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,459 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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Similar Off Market Nearby
- El Zason Catering — 22821 Silverbrook Center Dr, Sterling, VA 20166
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- Swagruha Foods — 22821 silverbrook center dr #110, sterling, va 20166
- Kadbanoo Catering — 506 Shaw Rd #322, Sterling, VA 20166
- Swaad Kitchen — 506 Shaw Rd # 329, Sterling, VA 20166
FAQs
What type of property is this?
Flex space - Built-out mezzanine and flex-office layout make this condo well-suited for contractor or service-operator workspaces.
Where is this flex space located?
The property is located at 111 Carpenter Dr Sterling, VA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 2‑story flex‑office condominium unit (Unit K) at 111 Carpenter Road, Sterling, VA; Total size 3,850 SF, including a fully built‑out mezzanine level; Flex‑office condo setup with built‑out mezzanine for contractor or service‑operator workspace needs
