Mixed-Use Building with Income
For Sale
$2,240,000
21580 Atlantic Boulevard Unit 100, Sterling, VA 20166
Mixed-use building with warehouse, showroom, and office spaces for sale.
Property Size6,392 SF
Price / SF$350.44
Days on Market187
Property Features for 21580 Atlantic Boulevard Unit 100
General Information
Standard status
Active
Size
6,392 SF
Building Details
Year Built
2005
Listing Agency:
Palisade Realty, Ltd.
Listed By:
Behzad Malakooti
(703) 421-7100
Source:
Kandorre
Added: Apr 16
Changed: Oct 7
Last Checked: Oct 19 at 8:27AM
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 Palisade Realty, Ltd.
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Investment Insights
Based on property information with market context.
This mixed-use building is suitable for investors or users, currently generating approximately $120,000.00 in income from three tenants on month-to-month leases. The front of the building features two floors. The first floor is suitable for use as a showroom or office, while the second floor provides office space. The property includes ample unassigned parking spaces and sufficient room for trailer access to the loading dock. The warehouse area, located at the rear of the building, includes one office, one bathroom, and gas heat, but no air conditioning. The warehouse has a ceiling height of 28 ft. The building unit is of solid construction.
Key Highlights
- Income‑generating property with approximately $120,000 annual income.
- Versatile building suitable for investors or owner‑users.
- Showroom/office space and office area across two floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,999
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,419,980
$2.4M
Cap Rate 7%
$1,728,557
$1.7M
Cap Rate 9%
$1,344,433
$1.3M
Market Conditions
NOI Build-Up for 6,392 SF
Gross rent
$188.7K $29.52/SF
− Vacancy
−$27.4K −$4.28/SF
EGI
$161.3K $25.24/SF
− OpEx
−$40.3K −$6.31/SF
NOI
$121.0K $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%
$2,419,980
Cap Rate 7%
$1,728,557
Cap Rate 9%
$1,344,433
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $120,999 @ 7.0% cap · market cap 5.40%
Second Best
Retail
$1.56M
$1.36M – $1.81M
NOI $108,889 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,225 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
583
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with warehouse, showroom, and office spaces for sale.
Where is this mixed-use property located?
The property is located at 21580 Atlantic Boulevard Unit 100 Sterling, VA.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: Income‑generating property with approximately $120,000 annual income.; Versatile building suitable for investors or owner‑users.; Showroom/office space and office area across two floors.
