Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    46165 Westlake Dr, Unit 230 Sterling, VA 20165

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $787,990

    3,283 SF office condo with lake views for sale.

    Property Features for 46165 Westlake Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Ryan Rauner
    Source: Corcoran

    Listing Agency: CENTURY 21 COMMERCIAL NEW MILLENNIUM Listing Agent: Ryan Rauner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Potomac Falls Office Condo

    Located in the Potomac Falls Professional Center, this 3,283 SF ground floor office condo features both exterior and interior building access. The layout includes 5 windowed offices, built-in cubicles, and 2 reception areas. The property also contains 2 kitchens and offers views of the lake. Ample on-site parking is available. The location provides proximity to restaurants and retail shops at the intersection of Route 7 and Route 28, with a post office situated directly across the street. Direct access to Route 7 (Leesburg Pike) and Cascades Parkway, along with close proximity to Route 28 in the Dulles Technology Corridor, facilitates commuting near major commercial and residential areas. The monthly condo dues are $1,097.77. The property is presented as an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.4040166
    Latitude
    39.0349777

    Nearby Similar for Sale

    • New
      $933,280

      Office Space in STERLING, VA

      Office space available for sale in STERLING, Virginia.
      23475 Rock Haven Way, Sterling, VA 20166
      View Details
    • $1,775,000
      6,081 SF

      Sterling Flex Space with Warehouse

      6,081 SF flex space with office and warehouse.
      43766 Trade Center Pl, Sterling, VA 20166
      View Details
    • $549,900

      Lakefront Office Space Available Now

      Premium office space with lake views, ready for occupancy.
      46090 Lake Center Plz, Sterling, VA 20165
      View Details
    • $3,500,000
      12,567 SF

      Sterling Office Building For Sale

      Office building in Sterling, Virginia, available for sale.
      1301 Moran Rd, Sterling, VA 20166
      View Details
    • $650,000

      Sterling Specialty Property for Sale

      Specialty property available for purchase in Sterling, Virginia.
      47593 Sandbank Sq, Sterling, VA 20165
      View Details
    • $579,000

      Potomac Hill Square Property

      Specialty property available for sale in Sterling, Virginia.
      23032 Potomac Hill Sq, Sterling, VA 20166
      View Details
    • $500,000

      Specialty Property for Sale

      Specialty property available for purchase.
      21747 Leatherleaf Cir, Sterling, VA 20164
      View Details
    • $265,000

      Functional Office Space in Sterling

      1,348 SF office suite in a prime Sterling location.
      20 Pidgeon Hill Dr, Sterling, VA 20165
      View Details
    • $569,900

      Potomac Hill Square Property

      Specialty property available for sale in Sterling, Virginia.
      23017 Potomac Hill Sq, Sterling, VA 20166
      View Details
    • $639,900

      Sterling Specialty Property For Sale

      Specialty property available for purchase in Sterling, Virginia.
      47587 Comer Sq, Sterling, VA 20165
      View Details
    • $790,000

      Sterling Specialty Property For Sale

      Specialty property available for purchase in Sterling, Virginia.
      43 Bentley Dr, Sterling, VA 20165
      View Details
    • $650,000

      Sterling Specialty Property For Sale

      Specialty property available for purchase in Sterling, Virginia.
      47630 Sandbank Sq, Sterling, VA 20165
      View Details

    FAQs

    What type of property is this?
    Office units - 3,283 SF office condo with lake views for sale.
    Where is this office units located?
    The property is located at 46165 Westlake Dr, Unit 230 Sterling, VA.
    What is the asking price?
    The asking price for this property is $787,990.
    What are key features of this property?
    This property features: - Ground floor office condo with both exterior and interior building access.; - Located in the Potomac Falls Professional Center with **stunning lake views.**; - Features **5 windowed offices**, built-in cubicles, 2 kitchens, and 2 reception areas.
    (703) 943-7079
    Request Owner's contact information
    46165 Westlake Dr, Unit 230 Sterling, VA 20165
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46165 Westlake Dr, Unit 230
    Sterling, VA 20165
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    46165 Westlake Dr, Unit 230 Sterling, VA 20165
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Rauner
    (703) 943-7079 (703) 858-2770 (703) 753-7910
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!