For Sale
$289,000
299 Herndon Pkwy Unit 106, Herndon, VA 20170
Apartment buildings
Property Size1,000 SF
Price / SF$289
Days on Market142
Property Features for 299 Herndon Pkwy Unit 106
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1992
Listing Agency:
Weichert, REALTORS
Listed By:
Michael C Lefevere · License #0225082600
(571) 228-5050
Source:
Fulcrum-residential
Added: Jun 7
Changed: Oct 25
Last Checked: Oct 4 at 3:37PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$14,969
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,380
$299.4K
Cap Rate 7%
$213,843
$213.8K
Cap Rate 9%
$166,322
$166.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$28.8K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.2K $27.22/SF
− OpEx
−$12.2K −$12.25/SF
NOI
$15.0K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,380
Cap Rate 7%
$213,843
Cap Rate 9%
$166,322
Alternative Uses
Best Use
Apartment 5plus
$213.8K
$187.1K – $249.5K
NOI $14,969 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
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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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this apartment building located?
The property is located at 299 Herndon Pkwy Unit 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
