Medical Condo with Seven Exam
For Sale
$820,031
24430 STONE SPRINGS BLVD #375 375, Sterling, VA 20166
Medical workspace includes clinical rooms, a laboratory, kitchenette, storage, and ADA bathrooms.
Property Size2,738 SF
Price / SF$299.50
Days on Market34
Property Features for 24430 STONE SPRINGS BLVD #375 375
General Information
Standard status
Active
Size
2,738 SF
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 573-2600
Listed By:
Tracy Cruz-Johnson · License #0225069393
(571) 332-7508
Source:
Sandrasellstheshore
Added: Sep 4
Changed: Oct 1
Last Checked: Oct 5 at 6:14PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Suite 375 is a 2738 SF medical condominium with a contemporary, functional interior. The layout includes a generous waiting area, reception and work space, seven exam rooms or offices, and a laboratory equipped with a sink. Additional features include a kitchenette, two ADA bathrooms, two storage closets, and a dedicated IT closet.
The property is adjacent to StoneSprings Hospital Center (HCA) in Sterling, Virginia, and provides surface parking. Retail and dining options are located nearby, adding convenient support services for users of the medical office.
The property is adjacent to StoneSprings Hospital Center (HCA) in Sterling, Virginia, and provides surface parking. Retail and dining options are located nearby, adding convenient support services for users of the medical office.
Key Highlights
- 2738 SF medical condominium in Suite 375
- Seven exam rooms or offices within the medical layout
- Laboratory with sink, plus kitchenette and dedicated IT closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,830
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,600
$1.0M
Cap Rate 7%
$740,429
$740.4K
Cap Rate 9%
$575,889
$575.9K
Market Conditions
NOI Build-Up for 2,738 SF
Gross rent
$80.8K $29.52/SF
− Vacancy
−$11.7K −$4.28/SF
EGI
$69.1K $25.24/SF
− OpEx
−$17.3K −$6.31/SF
NOI
$51.8K $18.93/SF
Area
Loudoun County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,600
Cap Rate 7%
$740,429
Cap Rate 9%
$575,889
Alternative Uses
Best Use
Office B
$740.4K
$647.9K – $863.8K
NOI $51,830 @ 7.0% cap · market cap 6.32%
Second Best
Healthcare Medical
$728.6K
$637.5K – $850.1K
NOI $51,003 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$858.1K
$750.8K – $1.00M
NOI $60,065 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 20166, VA
14,164
Population
5,300
Households
2.7
Avg Household Size
34
Median Age
66%
College-Educated
93%
High-School Grad
27.2 sq mi
ZIP Area
521
Density / Sq Mi
$135,246
Median Household Income
$71,855
Median Earnings
$2,227
Median Rent
$576,400
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?
Medical Office Space - Medical workspace includes clinical rooms, a laboratory, kitchenette, storage, and ADA bathrooms.
Where is this medical office space located?
The property is located at 24430 STONE SPRINGS BLVD #375 375 Sterling, VA.
What is the asking price?
The asking price for this property is $820,031.
What are key features of this property?
This property features: 2738 SF medical condominium in Suite 375; Seven exam rooms or offices within the medical layout; Laboratory with sink, plus kitchenette and dedicated IT closet
