Professional Office Suite Near
For Sale
$379,950
459 Herndon Pkwy Unit 14, Herndon, VA 20170
Well-appointed office suite near Reston Town Center and Metro.
Property Size1,391 SF
Price / SF$273.15
Days on Market198
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
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 734-2822
Source:
Southjerseyshorehomesfinder
Added: Mar 24
Changed: Oct 4
Last Checked: Oct 7 at 3:12PM
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 / Yr
$26,331
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
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
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
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%
$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 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.83M
$5.10M – $6.80M
NOI $408,151 @ 7.0% cap · market cap 107.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 $379,950.
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.).
