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For sale
Office Units
VA
Herndon
20170
462 HERNDON PARKWAY 201

Herndon Office Condo For Sale

462 HERNDON PARKWAY 201, Herndon, VA 20170

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For Sale

$475,000

2,000 sq ft office condo near Herndon Metro Station.

Type:Commercial/Industrial

Property size:

2,000 SF

Price / SF:

$237/SF

HighLights

Owner financing available.
Excellent location: Minutes from Herndon Metro, Dulles Toll Road, Fairfax County Parkway, Dulles Airport, Reston Town Center, and downtown Herndon.
Zoned for Office & Light Industrial, allowing for general office or medical office use.
Two new heat pumps installed in December 2022.
End unit with windows on 3 sides providing ample natural light.
Condo fee includes trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management.

We can help!

Listing Contact

Jerome C Baker

For Sale

$475,000

2,000 sq ft office condo near Herndon Metro Station.

Type:Commercial/Industrial

Property size:

2,000 SF

Price / SF:

$237/SF

Added:: Nov 27, 2023
Days on Market:: 930
Last Refresh:: May 19 at 10:40 pm

Property Features for 462 HERNDON PARKWAY 201

General Information

Standard status: Active
Size: 2,000 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1988

We can help!

Listing Contact

Jerome C Baker

Listing agent Jerome C Baker License #0225034999

Listing office SFS Realty

Listing date Nov 27, 2023

Source Exitrealty

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 SFS Realty

HighLights

Owner financing available.
Excellent location: Minutes from Herndon Metro, Dulles Toll Road, Fairfax County Parkway, Dulles Airport, Reston Town Center, and downtown Herndon.
Zoned for Office & Light Industrial, allowing for general office or medical office use.
Two new heat pumps installed in December 2022.
End unit with windows on 3 sides providing ample natural light.
Condo fee includes trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management.

Overview

This office condo, Unit 201, offers approximately 2,000 sq ft of space. It is located within minutes of the Herndon Metro Station, Dulles Toll Road (Rt. 267), Fairfax County Parkway (Rt. 286), Dulles International Airport, Reston Town Center, and downtown Herndon. The unit is situated on the second floor of a 2-story brick office building, sharing a common private entrance with Unit 202. Zoned for Office & Light Industrial, it is suitable for general office or medical office use. The unit includes a private bathroom and two separate heat pumps replaced in December 2022. Natural light is abundant, with windows on three sides due to its end unit location. The interior has been freshly painted. Parking is plentiful and convenient. Springwood Office Center is well-maintained and provides on-site trash and recycling services. The condo fee is $542 per month, covering trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.0k	$29.52
− Vacancy	−$8.6k	−$4.28
EGI	$50.5k	$25.24
− OpEx	−$12.6k	−$6.31
NOI	$37.9k	$18.93

2,000 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$540.8K

$473.2K – $631.0K (±1% cap)

NOI $37,859 @ 7.0% cap · market cap 7.97%

Second Best

Healthcare Medical

$532.2K

$465.7K – $620.9K (±1% cap)

NOI $37,255 @ 7.0% cap · market cap 7.84%

Theoretical Best

Specialty Retail

$626.8K

$548.4K – $731.3K (±1% cap)

NOI $43,875 @ 7.0% cap · market cap 9.24%

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

Property Profile Location Intelligence

Current Use by Public Records

mySATadvisor Tutoring Service Incom Technologies Inc (Bike/Boat/Book/etc) Store NOVA Dental Practice Dental Office Morgan Center Inc Medical Clinic Law offices of Janetha ... Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Herndon
County: Loudoun
State: Virginia
Longitude: -77.3768
Latitude: 38.9576

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For sale
Office Units
VA
Herndon
20170
462 HERNDON PARKWAY 201

What type of property is this?

Office units - 2,000 sq ft office condo near Herndon Metro Station.

Where is this office units located?

The property is located at 462 HERNDON PARKWAY 201 Herndon, VA.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Owner financing available.; Excellent location: Minutes from Herndon Metro, Dulles Toll Road, Fairfax County Parkway, Dulles Airport, Reston Town Center, and downtown Herndon.; Zoned for Office & Light Industrial, allowing for general office or medical office use.

462 HERNDON PARKWAY 201, Herndon, VA 20170

2,000 sq ft office condo near Herndon Metro Station.

Property Features for 462 HERNDON PARKWAY 201

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Three-Level Office Building

Medical Office Suite

Medical Office Condo Suite

Professional Office Condo

Established Office/Medical Complex Unit

Medical Office in Prime Location

Shovel-Ready Ground Floor Medical Suite

Medical Office Condo with Exam Rooms

Medical Office Suite with X-Ray Prep

Combined Office Units For Sale

Historic Commercial Building in Herndon

Herndon Flex Warehouse For Sale

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