Building Details

Year built 1992

Building materials Brick

Listing Agency: Weichert, REALTORS m***@weichertrealtors.net Show Phone

Listed By: Michael C Lefevere · License #0225082600 Show Phone

Added: Mar 19 Changed: Sep 13 Last Checked: Oct 19 at 1:06AM

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MLS# VAFX2296716

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This ground-level office unit provides roughly 1,000 sq.ft. of workspace with direct entry from the parking lot. A half bath is positioned near the entrance, while a skylight brings natural light into the interior. The property was built in 1992 with brick construction, central heating, and central air conditioning.

The office is located at the intersection of Herndon Pkwy. and Elden St. in Herndon, Virginia. Parking is provided in an on-site lot, including assigned spaces, with additional open parking in front of the unit. The property is zoned CO (Commercial Office) and is available for immediate occupancy.

Key Highlights

• Roughly 1,000 sq.ft. of ground‑level office space
• Direct unit entry from the parking lot
• Skylight provides natural interior light

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,930

Cap Rate

6.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$378,600 $378.6K

Cap Rate 7%

$270,429 $270.4K

Cap Rate 9%

$210,333 $210.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$29.5K $29.52/SF

− Vacancy

−$4.3K −$4.28/SF

EGI

$25.2K $25.24/SF

− OpEx

−$6.3K −$6.31/SF

NOI

$18.9K $18.93/SF

Area

Fairfax 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%

$378,600

Cap Rate 7%

$270,429

Cap Rate 9%

$210,333

Alternative Uses

Best Use

Office B

$270.4K

$236.6K – $315.5K (±1% cap)

NOI $18,930 @ 7.0% cap · market cap 6.55%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.19M

$3.67M – $4.89M (±1% cap)

NOI $293,423 @ 7.0% cap · market cap 101.53%

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

Property Analytics

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Current Use

Dr. Jeffrey Cassis Alternative Medicine Practice Dr. Grace Lee Alternative Medicine Practice Farmers Insurance - Ricardo ... Insurance Agency Dr. Daniel J. ... Alternative Medicine Practice Dr. Anthony Carpenter Alternative Medicine Practice

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Plumbing Service

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

2,835

Businesses Nearby

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 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?

Office units - Open-plan commercial office with a skylight, central HVAC, and convenient parking access.

Where is this office units located?

The property is located at 299 HERNDON Parkway Herndon, VA.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: Roughly 1,000 sq.ft. of ground‑level office space; Direct unit entry from the parking lot; Skylight provides natural interior light