Second-Floor Office
For Sale
$427,995
459 Herndon Pkwy Ste. 19, Herndon, VA 20170
Window-lined workspace with reception, conference, kitchenette, lounge, and private bath areas.
Property Size1,584 SF
Price / SF$270.20
Days on Market195
Property Features for 459 Herndon Pkwy Ste. 19
General Information
Standard status
Active
Size
1,584 SF
Class
B
Property subtype
Single Tenant Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Building Details
Building Size
1,584 SF
Year Built
2005
Listing Agency:
K&M Commercial
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 734-2822
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 5:20PM
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 K&M Commercial
Investment Insights
Based on property information with market context.
This 1,584-square-foot office condominium occupies the second floor of a 2005 building. The interior includes a large private office, a conference room, reception, bullpen, lounge area, kitchenette, and an in-suite bath. Window-lined elevations bring natural light into the workspace, while exterior building signage is visible from Herndon Pkwy. Certain medical uses are permitted.
The property is within one mile of both the Reston and Herndon Metro stations and has access to Dulles Toll Road (267) and Fairfax County Parkway. Bus service is also available nearby, with Reston Town Center, downtown Herndon, and Dulles International Airport minutes away.
The property is within one mile of both the Reston and Herndon Metro stations and has access to Dulles Toll Road (267) and Fairfax County Parkway. Bus service is also available nearby, with Reston Town Center, downtown Herndon, and Dulles International Airport minutes away.
Key Highlights
- 1,584 SF second‑floor office condominium in a 2005 building
- Large private office and conference room with reception, bullpen, and lounge areas
- Window‑lined interior with exterior signage visible from Herndon Pkwy
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
$29,985
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
7.01%
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%
$599,700
$599.7K
Cap Rate 7%
$428,357
$428.4K
Cap Rate 9%
$333,167
$333.2K
Market Conditions
NOI Build-Up for 1,584 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
$46.8K $29.52/SF
− Vacancy
−$6.8K −$4.28/SF
EGI
$40.0K $25.24/SF
− OpEx
−$10.0K −$6.31/SF
NOI
$30.0K $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%
$599,700
Cap Rate 7%
$428,357
Cap Rate 9%
$333,167
Alternative Uses
Best Use
Office B
$428.4K
$374.8K – $499.8K
NOI $29,985 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Window-lined workspace with reception, conference, kitchenette, lounge, and private bath areas.
Where is this office units located?
The property is located at 459 Herndon Pkwy Ste. 19 Herndon, VA.
What is the asking price?
The asking price for this property is $427,995.
What are key features of this property?
This property features: 1,584 SF second‑floor office condominium in a 2005 building; Large private office and conference room with reception, bullpen, and lounge areas; Window‑lined interior with exterior signage visible from Herndon Pkwy
