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

    5160 Parkstone Dr Chantilly, VA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Recently renovated office space in Westfield Corporate Park.

    Type:OFFICE
    Property size:
    3,892 SF
    Lot size:
    7.28 Acres
    Added:
    May 14, 2024
    Days on Market:
    690
    Last Refresh:
    Apr 1 at 8:37 pm

    Property Features for 5160 Parkstone Dr

    General Information

    Standard status
    Active
    Size
    3,892 SF
    Lot size
    7.28 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5160 Parkstone Dr Contact us

    We can help!

    Listing Contact
    Tom Cresce
    Tom Cresce

    Listing agent Tom Cresce License #0225150512

    Listing office JLL | Tysons

    Listing date May 14, 2024

    Source Moodyscre

    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 JLL | Tysons

    Overview

    Renovated Office Space Available

    This office space, comprising 3,892 square feet, is located within the 1,100-acre Westfield Corporate Park, which includes the National Reconnaissance Office. The property has recently undergone renovations, including updates to the lobby, restrooms, elevators, HVAC units, windows, parking lot, walkways, and landscaping. The parking ratio is 4+ per 1,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chantilly
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.4645
    Latitude
    38.8718

    Nearby Similar for Lease

    • $20/mo

      Chantilly Office Suite For Lease

      Move-in ready office suite in Sullyfield Business Park.
      14016 SULLYFIELD Circle unit: E, CHANTILLY, VA 20151
      View Details
    • Contact for pricing

      Inviting Office Space in Chantilly

      Light-filled office space in a convenient Northern Virginia location.
      4215 LAFAYETTE CENTER Drive unit: 3 & 4, CHANTILLY, VA 20151
      View Details
    • $20/mo

      Chantilly Warehouse with Retail Space

      Warehouse with retail component available for lease in Chantilly, VA.
      4215 Walney Rd, CHANTILLY, VA, 20151-2950
      View Details
    • Contact for pricing

      Renovated Ground Level Office Space

      Completely renovated office space in a rapidly growing area.
      14141 Robert Paris Ct, CHANTILLY, VA 20151
      View Details
    • $32/mo

      Move-in Ready Furnished Office Space

      Premier office space in high-security defense and technology corridor.
      4840 Westfields Boulevard, Chantilly, VA, 20151
      View Details
    • $23/mo

      Chantilly Office Space Available

      Office space available for lease in Chantilly, Virginia.
      4501 Daly Drive, Chantilly, VA 20151
      View Details
    • $41/mo

      Class A Retail/Office Building

      New 23,000 SF retail and office building for lease.
      43659 TALL CEDARS PARKWAY, CHANTILLY, VA 20152
      View Details
    • $10/mo

      Chantilly Office Space Available

      71,340 SF office space for lease in Chantilly, VA.
      3675 Concorde Parkway, Chantilly, VA 20151
      View Details
    • $18/mo

      Chantilly Office Space For Lease

      Office space available for lease in Chantilly, Virginia.
      4460 Brookfield Corporate Dr, Chantilly, VA 20151
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available in Chantilly, Virginia near Harris Teeter.
      25401 Eastern Marketplace Plaza, Chantilly, VA 20152
      View Details
    • $10/mo

      Chantilly Warehouse Space Available

      Industrial warehouse space available for lease in Chantilly, Virginia.
      14150 Mariah Ct, Chantilly, VA 20151
      View Details
    • Contact for pricing

      Industrial Property Near Dulles Expo

      Industrial property with 20' ceiling heights, near Dulles Expo.
      14725 Flint Lee Rd, Chantilly, VA 20151
      View Details

    FAQs

    What type of property is this?
    Office units - Recently renovated office space in Westfield Corporate Park.
    Where is this office units located?
    The property is located at 5160 Parkstone Dr Chantilly, VA.
    What are key features of this property?
    This property features: Recent renovations completed including lobby, restrooms, elevators, HVAC, windows, parking lot, walkways, and landscaping; Abundant 4+/1,000 s.f. parking ratio; Part of the expansive 1,100 acre Westfield Corporate Park
    (703) 485-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Cresce
    Tom Cresce
    Real Estate License ID: 0225150512
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!