Flex Industrial Condominium
For Sale
$1,399,900
13-14-14004 Willard Rd, Chantilly, VA 22030
Three-unit flex industrial condominium with office, showroom, and warehouse space plus a 12-foot drive-in door.
Property Size8,872 SF
Price / SF$157.79
Days on Market159
Property Features for 13-14-14004 Willard Rd
General Information
Standard status
Active
Size
8,872 SF
Zoning
I-5
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Office Units
3
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Pacific Realty
(703) 870-1844
Listed By:
Choong Paik
(703) 870-1844
Source:
Exprealty
Added: Feb 21
Changed: Jul 28
Last Checked: Jul 29 at 12:30PM
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 Pacific Realty
Investment Insights
Based on property information with market context.
This approximately 8,872 SF flex industrial condominium property is built in 1989 and configured as two flex condominiums operating as three functional units (N, O, and P). The overall setup combines warehouse/light industrial space with office components and showroom functionality, including approximately 4,400 SF of warehouse/light industrial space and three office units. Unit N is delivered vacant. Unit O is currently leased, providing in-place income. Unit P includes approximately 4,400 SF of warehouse space with high clear height and a 12-foot drive-in door, supporting immediate owner-user occupancy.
The property is situated within a popular multi-business complex and is described as supporting a wide range of industrial, contractor, showroom, logistics, assembly, and light manufacturing uses under I-5 Industrial zoning. It offers free surface parking with designated spaces and low monthly condo fees of $433.
Access is described as convenient to Route 50, Route 28, I-66, and Route 267, with proximity to Dulles International Airport and major retail amenities.
The property is situated within a popular multi-business complex and is described as supporting a wide range of industrial, contractor, showroom, logistics, assembly, and light manufacturing uses under I-5 Industrial zoning. It offers free surface parking with designated spaces and low monthly condo fees of $433.
Access is described as convenient to Route 50, Route 28, I-66, and Route 267, with proximity to Dulles International Airport and major retail amenities.
Key Highlights
- Three‑unit flex industrial condominium totaling approximately 8,872 SF with office, showroom, and warehouse space
- Unit N to be delivered vacant; Unit O currently leased for in‑place income
- Unit P includes approximately 4,400 SF warehouse with high clear height and a 12‑foot drive‑in door for owner‑user occupancy
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 | $86.2k | $9.72 |
| − Vacancy | −$4.2k | −$0.48 |
| EGI | $82.0k | $9.24 |
| − OpEx | −$12.3k | −$1.39 |
| NOI | $69.7k | $7.86 |
8,872 SF · lease $9.72/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,944 @ 7.0% cap · market cap 12.00%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,136 @ 7.0% cap · market cap 10.80%
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,630 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-unit flex industrial condominium with office, showroom, and warehouse space plus a 12-foot drive-in door.
Where is this flex space located?
The property is located at 13-14-14004 Willard Rd Chantilly, VA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Three‑unit flex industrial condominium totaling approximately 8,872 SF with office, showroom, and warehouse space; Unit N to be delivered vacant; Unit O currently leased for in‑place income; Unit P includes approximately 4,400 SF warehouse with high clear height and a 12‑foot drive‑in door for owner‑user occupancy
