299 Herndon Pkwy #106 Herndon, VA 20170
For Sale
$289,000
Apartment buildings
Property Size1,000 SF
Price / SF$289
Days on Market131
Property Features for 299 Herndon Pkwy #106
General Information
- Standard status
- Active
- Size
- 1,000 SF
Building Details
- Year Built
- 1992
Listing Agency:
Weichert, REALTORS
(571) 228-5050
Listed By:
Michael C Lefevere · License #0225082600
(571) 228-5050
Source:
Evrealestate
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 26 at 5:42AM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- Year built: 1992
- Central air cooling
- Central electric heating; electric water heater
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $30.36 |
| − Vacancy | −$2.0k | −$2.00 |
| EGI | $28.4k | $28.36 |
| − OpEx | −$12.8k | −$12.76 |
| NOI | $15.6k | $15.60 |
1,000 SF · lease $30.36/SF/yr · vacancy 6.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$222.8K
$195.0K – $259.9K
NOI $15,596 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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
FAQs
Where is this apartment building located?
The property is located at 299 Herndon Pkwy #106 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: Year built: 1992; Central air cooling; Central electric heating; electric water heater
