Two-Story Retail/Flex
133 Spring Street Unit 4 Herndon, VA 20170
For Sale
$785,000
Two-level retail/flex condominium with warehouse storage on the main level and two private offices upstairs.
Property Size2,500 SF
Price / SF$314
Days on Market156
Property Features for 133 Spring Street Unit 4
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Street Retail
Building Details
- Year Built
- 1984
Listing Agency:
KW Commercial | Tysons Vienna
(703) 564-4000
Listed By:
Bridget Schmitz · License #0225205778
(703) 564-4000
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 7:32AM
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 KW Commercial | Tysons Vienna
Investment Insights
Based on property information with market context.
This two-story retail/flex condominium includes approximately 1,520 SF on the main level with warehouse storage space and rear access for distribution and storage use. An upper level provides two private offices plus additional storage, creating a flexible layout that can support both back-of-house and office needs.
The unit is located in Sunset Business Park in Herndon, VA, with direct access and visibility off Route 267/Dulles Access. The property is also noted as being directly off Dulles Toll Road and Fairfax County Parkway, with tours available by appointment.
Condominium fees are listed at $303 per month, and taxes for 2025 are listed as $5,989. The property totals approximately 2,500 SF across two levels.
The unit is located in Sunset Business Park in Herndon, VA, with direct access and visibility off Route 267/Dulles Access. The property is also noted as being directly off Dulles Toll Road and Fairfax County Parkway, with tours available by appointment.
Condominium fees are listed at $303 per month, and taxes for 2025 are listed as $5,989. The property totals approximately 2,500 SF across two levels.
Key Highlights
- Two‑level retail/flex condominium totaling approximately 2,500 SF
- Main level includes 1,520 SF with warehouse storage, 20' ceiling height, and rear access for distribution
- Upper level features 2 private offices plus additional storage
Financial Insights For Office B
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 | $73.8k | $29.52 |
| − Vacancy | −$10.7k | −$4.28 |
| EGI | $63.1k | $25.24 |
| − OpEx | −$15.8k | −$6.31 |
| NOI | $47.3k | $18.93 |
2,500 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$676.1K
$591.6K – $788.7K
NOI $47,324 @ 7.0% cap · market cap 6.03%
Second Best
Retail
$608.4K
$532.4K – $709.8K
NOI $42,588 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Reston Glass
Hardware & Home Improvement
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
- Wegmans Catering — 11950 Hopper St, Reston, VA 20191
FAQs
What type of property is this?
Flex space - Two-level retail/flex condominium with warehouse storage on the main level and two private offices upstairs.
Where is this flex space located?
The property is located at 133 Spring Street Unit 4 Herndon, VA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑level retail/flex condominium totaling approximately 2,500 SF; Main level includes 1,520 SF with warehouse storage, 20' ceiling height, and rear access for distribution; Upper level features 2 private offices plus additional storage
