Building Details

Year Built 2015

Listing Agency: Long & Foster Real Estate, Inc. Show Phone

Listed By: Tracy Cruz-Johnson · License #0225069393 Show Phone

Source: Cummingsrealtors

Added: Aug 5 Changed: Oct 19 Last Checked: Oct 19 at 9:22AM

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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.

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Investment Insights

Based on property information with market context.

This 2738 SF medical office condo provides a practical clinical layout with a generous reception and waiting area, seven exam rooms or private offices, and a laboratory equipped with a sink. Additional improvements include a kitchenette, two ADA bathrooms, two storage closets, and a dedicated IT closet. Central air supports the interior environment, and the building was constructed in 2015.

The property is adjacent to StoneSprings Hospital Center, an HCA facility, with surface parking available on site. Nearby retail and dining add convenience for staff and visitors.

Key Highlights

• 2738 SF medical office condo adjacent to StoneSprings Hospital Center (HCA)
• Seven exam rooms or private offices
• Laboratory with sink, 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

Is this asking price fair?

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 (±1% cap)

NOI $51,830 @ 7.0% cap · market cap 6.32%

Second Best

Healthcare Medical

$728.6K

$637.5K – $850.1K (±1% cap)

NOI $51,003 @ 7.0% cap · market cap 6.22%

Theoretical Best

Specialty Retail

$858.1K

$750.8K – $1.00M (±1% cap)

NOI $60,065 @ 7.0% cap · market cap 7.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Furniture & Home Goods Building Supply Catering Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Efficient clinic layout includes exam rooms, a laboratory, kitchenette, and ADA-compliant restrooms.

Where is this medical office space located?

The property is located at 24430 STONE SPRINGS BOULEVARD #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 office condo adjacent to StoneSprings Hospital Center (HCA); Seven exam rooms or private offices; Laboratory with sink, kitchenette, and dedicated IT closet