Flex Space with Drive-In
New
For Sale
$865,000
255 SUNSET PARK DR #255 255, Herndon, VA 20170
PD-B zoning supports retail and light-industrial/flex uses, with a built-in mezzanine for additional space.
Property Size2,224 SF
Price / SF$388.94
Days on Market2
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Property Features for 255 SUNSET PARK DR #255 255
General Information
Standard status
Active
Size
2,224 SF
Zoning
PD-B
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Mezzanine
184 SF
Drive-In Doors
1
Sprinkler System
Yes
Listing Agency:
Tysons Realty, Inc.
Listed By:
Pauline Thompson · License #VA 0225106914
(703) 893-6700
Source:
Keygroupmd
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:23AM
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 Tysons Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,224-square-foot flex property combines office, warehouse, and retail space. A 14-foot-high by 12-foot-wide drive-in door serves the loading area, which is reached by a 5-foot hallway. The building also has 20-foot clear ceilings, a full sprinkler system, and a 184-square-foot built-in wood mezzanine. Gas heat, electric air conditioning, one bathroom, and a roof installed five years ago round out the improvements.
The property is in Sunset Business Park in Herndon, about a 10-minute walk from the Herndon Metro Station. Reston Town Center, Fairfax County Parkway, the Dulles Toll Road, and Dulles Airport are also described as nearby. PD-B zoning permits a range of uses, including retail and light industrial/flex.
The property is in Sunset Business Park in Herndon, about a 10-minute walk from the Herndon Metro Station. Reston Town Center, Fairfax County Parkway, the Dulles Toll Road, and Dulles Airport are also described as nearby. PD-B zoning permits a range of uses, including retail and light industrial/flex.
Key Highlights
- 2,224 SF of office, warehouse, and retail flex space
- 20 ft clear ceiling height and a full sprinkler system
- 14' H x 12' W drive‑in bay door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,997
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,940
$1.2M
Cap Rate 7%
$871,386
$871.4K
Cap Rate 9%
$677,744
$677.7K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$90.2K $40.56/SF
− Vacancy
−$3.1K −$1.38/SF
EGI
$87.1K $39.18/SF
− OpEx
−$26.1K −$11.75/SF
NOI
$61.0K $27.43/SF
Area
Fairfax County, VA
Vacancy
3.40%
Lease Rate
$40.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,940
Cap Rate 7%
$871,386
Cap Rate 9%
$677,744
Alternative Uses
Best Use
Warehouse
$5.71M
$4.99M – $6.66M
NOI $399,498 @ 7.0% cap · market cap 46.18%
Second Best
Industrial
$4.70M
$4.11M – $5.48M
NOI $328,999 @ 7.0% cap · market cap 38.03%
Theoretical Best
Specialty Retail
$9.32M
$8.16M – $10.88M
NOI $652,572 @ 7.0% cap · market cap 75.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - PD-B zoning supports retail and light-industrial/flex uses, with a built-in mezzanine for additional space.
Where is this flex space located?
The property is located at 255 SUNSET PARK DR #255 255 Herndon, VA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 2,224 SF of office, warehouse, and retail flex space; 20 ft clear ceiling height and a full sprinkler system; 14' H x 12' W drive‑in bay door
