Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Herndon Office Condo For Sale Title is generated by Realmo AI

    462 HERNDON PARKWAY 201, Herndon, VA 20170

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    2,000 sq ft office condo near Herndon Metro Station.

    Type:Commercial/Industrial
    Property size:
    2,000 SF
    Price / SF:
    $237/SF
    Added:
    Mar 11, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 5 at 10:41 pm

    Property Features for 462 HERNDON PARKWAY 201

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Jerome C Baker

    Listing agent Jerome C Baker License #0225034999

    Listing office SFS Realty

    Listing date Mar 11, 2026

    Source Exitrealty

    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 SFS Realty

    HighLights

    • Owner financing available.
    • Excellent location: Minutes from Herndon Metro, Dulles Toll Road, Fairfax County Parkway, Dulles Airport, Reston Town Center, and downtown Herndon.
    • Zoned for Office & Light Industrial, allowing for general office or medical office use.
    • Two new heat pumps installed in December 2022.
    • End unit with windows on 3 sides providing ample natural light.
    • Condo fee includes trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management.

    Overview

    This office condo, Unit 201, offers approximately 2,000 sq ft of space. It is located within minutes of the Herndon Metro Station, Dulles Toll Road (Rt. 267), Fairfax County Parkway (Rt. 286), Dulles International Airport, Reston Town Center, and downtown Herndon. The unit is situated on the second floor of a 2-story brick office building, sharing a common private entrance with Unit 202. Zoned for Office & Light Industrial, it is suitable for general office or medical office use. The unit includes a private bathroom and two separate heat pumps replaced in December 2022. Natural light is abundant, with windows on three sides due to its end unit location. The interior has been freshly painted. Parking is plentiful and convenient. Springwood Office Center is well-maintained and provides on-site trash and recycling services. The condo fee is $542 per month, covering trash, recycling, water, sewer, parking lot maintenance, exterior maintenance, and management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    mySATadvisor Tutoring Service Incom Technologies Inc (Bike/Boat/Book/etc) Store NOVA Dental Practice Dental Office Morgan Center Inc Medical Clinic Law offices of Janetha ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3768
    Latitude
    38.9576

    Nearby Similar for Sale

    • $375,000

      Herndon Office Space For Sale

      Office space in Herndon near Reston Town Center.
      104 ELDEN Street, HERNDON, VA 20170
      View Details
    • $720,000

      Established Office/Medical Complex Unit

      Ground floor unit in prime location, ready for build-out.
      102 ELDEN St 12, Herndon, VA 20170
      View Details
    • $2,500,000

      Herndon Office Building For Sale

      Commercial office building in downtown Herndon with three levels.
      847 STATION Street, HERNDON, VA 20170
      View Details
    • $720,000

      Medical Office in Prime Location

      Established medical complex, ready for immediate build-out or conversion.
      102 Elden St #12, HERNDON, VA 20170
      View Details
    • $716,000

      Combined Office Units For Sale

      Combined office units suitable for various professional uses.
      106 ELDEN STREET 29, HERNDON, VA 20170
      View Details
    • $750,000

      Historic Commercial Building in Herndon

      Charming, updated historic building with immediate income from established tenants.
      773 & 775 STATION St, Herndon, VA 20170
      View Details
    • $385,000

      Professional Office Suite Near Metro

      Well-appointed office suite near Reston Town Center and Metro.
      459 Herndon Pkwy #14, HERNDON, VA 20170
      View Details
    • $535,000
      1,700 SF

      Herndon Flex Warehouse For Sale

      Flex warehouse with 14' roll-up door and 18' ceilings.
      631 CARLISLE Dr 631, Herndon, VA 20170
      View Details
    • $255,000

      Corner Office Near Old Town

      Second floor office with open design and kitchenette.
      692 PINE St B3, Herndon, VA 20170
      View Details
    • $319,000

      Prime Storefront on High-Traffic Street

      Visible and accessible storefront in the heart of Herndon, VA.
      702 Elden St #a, HERNDON, VA 20170
      View Details
    • $2,500,000
      10,000 SF

      Two-Story Office Building For Sale

      10,000 SF office building on 0.85 acres available.
      1914 Association Drive, Herndon, VA 20190
      View Details
    • $535,000
      1,700 SF

      Herndon Flex Warehouse For Sale

      Flex warehouse with 14' roll-up door and 18' ceilings.
      631 Carlisle Dr #631, HERNDON, VA 20170
      View Details

    FAQs

    What type of property is this?
    Office units - 2,000 sq ft office condo near Herndon Metro Station.
    Where is this office units located?
    The property is located at 462 HERNDON PARKWAY 201 Herndon, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Owner financing available.; Excellent location: Minutes from Herndon Metro, Dulles Toll Road, Fairfax County Parkway, Dulles Airport, Reston Town Center, and downtown Herndon.; Zoned for Office & Light Industrial, allowing for general office or medical office use.
    (703) 397-0909
    We can help!
    Listing Contact
    Jerome C Baker
    Real Estate License ID: 0225034999
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    462 HERNDON PARKWAY 201, HERNDON, VA 20170
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!