114 Oakgrove Road Sterling, VA 20166
Each warehouse condo includes a large drive-in door, built-out office area, and bathroom facilities.
- 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. (703) 404-3702
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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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