Warehouse Condominium Flex Units

114 Oakgrove Road Sterling, VA 20166

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Each warehouse condo includes a large drive-in door, built-out office area, and bathroom facilities.

Type:Industrial
Property size:
8,140 SF
Price / SF:
$122/SF
Added:
Jul 7, 2026
Days on Market:
5
Last Refresh:
Jul 9 at 2:13 am

Property Features for 114 Oakgrove Road

General Information

Standard status
Active
Size
8,140 SF
Property subtype
Industrial

Building Details

Year Built
1987

Listing office Anderson Commercial Real Estate, Inc.

Listing date Jul 7, 2026

Source Crexi

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 Anderson Commercial Real Estate, Inc.


Investment Insights

Based on property information with market context.

This offering presents warehouse condominium flex units in Sterling, VA, with options to own one, two, or three contiguous spaces. Each unit is described as having a large drive-in door, a built-out office area, and one or two bathrooms, along with dedicated warehouse space.

The units are located just off Route 606, with Route 28, the Dulles Toll Road, Herndon Parkway, and other thoroughfares noted as nearby. The contiguous configuration allows the spaces to be combined to create additional contiguous warehouse and office area for a single occupant or investor.

Individual unit sizes are identified as 2,700 SF, 3,000 SF, and 2,440 SF, providing flexible acquisition choices for businesses seeking practical warehouse setups with office improvements. The seller indicates the units are best suited for a range of businesses excluding automotive uses.

Key Highlights

  • Year built 1987 warehouse condo units with large drive‑in doors and warehouse space
  • Unit sizes include 2,700 SF, 3,000 SF, and 2,440 SF
  • Each unit features a built‑out office area plus 1 or 2 bathrooms

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 $79.1k $9.72
− Vacancy −$3.9k −$0.48
EGI $75.2k $9.24
− OpEx −$11.3k −$1.39
NOI $64.0k $7.86
8,140 SF · lease $9.72/SF/yr · vacancy 4.90% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.20M
$1.93M – $2.57M (±1% cap)
NOI $154,088 @ 7.0% cap · market cap 15.49%
Second Best
Flex RnD
$1.73M
$1.51M – $2.01M (±1% cap)
NOI $120,762 @ 7.0% cap · market cap 12.14%
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.98M (±1% cap)
NOI $178,571 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Real Estate Agency Hair Salon Nail Salon Parking Lot & Garage Spa & Massage Center Pharmacy Cafe & Coffee Shop Food Market Grocery & Convenience Store

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

Similar Off Market Nearby

  • El Zason Catering — 22821 Silverbrook Center Dr, Sterling, VA 20166
  • Schoolhouse Grill – School Meal Specialist — 45945 Trefoil Ln Suite 166, Sterling, VA 20166
  • Swagruha Foods — 22821 silverbrook center dr #110, sterling, va 20166

FAQs

What type of property is this?
Flex space - Each warehouse condo includes a large drive-in door, built-out office area, and bathroom facilities.
Where is this flex space located?
The property is located at 114 Oakgrove Road Sterling, VA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Year built 1987 warehouse condo units with large drive‑in doors and warehouse space; Unit sizes include 2,700 SF, 3,000 SF, and 2,440 SF; Each unit features a built‑out office area plus 1 or 2 bathrooms
Contact an agent
(703) 404-3702 Call to check price and availability
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