Herndon Flex Warehouse For
631 CARLISLE Dr 631 Herndon, VA 20170
631 CARLISLE Dr 631, Herndon, VA, 20170
$535,000
Pending
For Sale
$535,000
Pending
Flex warehouse with 14' roll-up door and 18' ceilings.
Property Size1,700 SF
Days on Market87
Property Features for 631 CARLISLE Dr 631
General Information
- Standard status
- Pending
- Size
- 1,700 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing Agency
East Coast Commercial Investment Realty, LLC
(571) 243-6387
Listed by
George Dungan · License #0225201842
(571) 243-6387
Source
Elliman
Added: Apr 24 Checked: Jul 19 at 5:44 am
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 East Coast Commercial Investment Realty, LLC
Investment Insights
Based on property information with market context.
This flex-type warehouse, totaling approximately 1,700 square feet, is available for purchase. The property features an open layout and includes one restroom. A 14-foot high roll-up grade-level door provides access, and the interior boasts an 18-foot clear ceiling height. The warehouse is situated within the Carlisle Drive Business Center, which hosts a variety of contractors, light manufacturing operations, and distribution businesses. Its location offers convenient access, being just off Elden Street, near the Fairfax County Parkway and Reston. The location has a bike score of 72, indicating it is very bikeable, a walk score of 84, indicating it is very walkable, and a transit score of 60, indicating good transit options.
Key Highlights
- Very Walkable location (Walk Score: 84)
- 14' High Roll‑Up Grade Level Door
- 18' Clear Ceiling Height
Local Financial Insights For Flex RnD
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 | $40.8k | $24.00 |
| − Vacancy | −$2.0k | −$1.18 |
| EGI | $38.8k | $22.82 |
| − OpEx | −$13.6k | −$7.99 |
| NOI | $25.2k | $14.84 |
1,700 SF · lease $24.00/SF/yr · vacancy 4.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$360.3K
$315.3K – $420.4K
NOI $25,221 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$160.6K
$140.5K – $187.4K
NOI $11,243 @ 7.0% cap · market cap 2.10%
Theoretical Best
Specialty Retail
$532.8K
$466.2K – $621.6K
NOI $37,294 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Eric Fleischer Catering — 273 Sunset Park Dr, Herndon, VA 20170
- Wined and Dined Catering — 273 Sunset Park Dr, Herndon, VA 20170
- Silver Spoon Caterers — 348 Victory Dr, Herndon, VA 20170
- Chef's Table Catering Inc — 141-2 Spring St, Herndon, VA 20170
FAQs
What type of property is this?
Flex space - Flex warehouse with 14' roll-up door and 18' ceilings.
Where is this flex space located?
The property is located at 631 CARLISLE Dr 631 Herndon, VA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Very Walkable location (Walk Score: 84); **14' High Roll‑Up Grade Level Door**; 18' Clear Ceiling Height
