Professional Office Suite Near
For Sale
$385,000
459 Herndon Pkwy Unit 14, Herndon, VA 20170
Well-appointed office suite near Reston Town Center and Metro.
Property Size1,391 SF
Price / SF$276.78
Days on Market153
Property Features for 459 Herndon Pkwy Unit 14
General Information
Standard status
Active
Size
1,391 SF
Building Details
Year Built
2005
Listing Agency:
Sperry Van Ness
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh · License #0225084011
Source:
Kandorre
Added: Mar 24
Changed: Aug 23
Last Checked: Aug 23 at 6:00AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This well-appointed former law office is located minutes from the Reston and Herndon Metro stations and Reston Town Center. The professional suite features three private offices, a reception area, a conference room, an en-suite bathroom, and a kitchenette. The layout is functional and comfortable for a variety of professional users. The property is situated within a maintained two-story building with elevator access, providing a professional environment for tenants and visitors. Medical use is permitted with association approval. This space is suitable for legal, medical, consulting, or other professional office users seeking a location with access to business and transit hubs.
Key Highlights
- Prime location minutes from Reston and Herndon Metro stations and Reston Town Center.
- Functional layout includes three private offices, reception area, spacious conference room, en‑suite bathroom, and kitchenette.
- Suitable for a variety of professional users (legal, medical with approval, consulting, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,620
$526.6K
Cap Rate 7%
$376,157
$376.2K
Cap Rate 9%
$292,567
$292.6K
Market Conditions
NOI Build-Up for 1,391 SF
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.
Gross rent
$41.1K $29.52/SF
− Vacancy
−$6.0K −$4.28/SF
EGI
$35.1K $25.24/SF
− OpEx
−$8.8K −$6.31/SF
NOI
$26.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,620
Cap Rate 7%
$376,157
Cap Rate 9%
$292,567
Alternative Uses
Best Use
Office B
$376.2K
$329.1K – $438.9K
NOI $26,331 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.9K
$381.4K – $508.6K
NOI $30,515 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,096
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-appointed office suite near Reston Town Center and Metro.
Where is this office units located?
The property is located at 459 Herndon Pkwy Unit 14 Herndon, VA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Prime location minutes from Reston and Herndon Metro stations and Reston Town Center.; Functional layout includes three private offices, reception area, spacious conference room, en‑suite bathroom, and kitchenette.; Suitable for a variety of professional users (legal, medical with approval, consulting, etc.).
