Professional Office Condo in
For Sale
$275,000
722 Grant Street, Herndon, VA 20170
Well-maintained office condo with private offices and ample parking.
Property Size857 SF
Price / SF$320.89
Days on Market94
Property Features for 722 Grant Street
General Information
Standard status
Active
Size
857 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,230
Amenities
Central Air
3
852
Parking.
Lot.
Building Details
Year Built
2002
Listing Agency:
SAMSON PROPERTIES
(561) 317-2932
Listed By:
Samson Properties · License #0225264843
(561) 317-2932
Source:
Xome
Added: May 23
Changed: Aug 23
Last Checked: Aug 23 at 7:16AM
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 SAMSON PROPERTIES
Investment Insights
Based on property information with market context.
This professional office condo is located in Herndon, offering convenient access to Fairfax County Parkway, Route 28, the Dulles Toll Road, and Reston Town Center. The commercial space features multiple private offices, a conference or flex space, a kitchenette, and a private restroom. Abundant natural light and ample parking are available. It is suitable for professional services, medical practices, consulting, therapy, tech companies, or small businesses. The location provides proximity to shopping, dining, and major commuter routes.
Key Highlights
- Prime Herndon location with quick access to Fairfax County Parkway, Route 28, Dulles Toll Road, and Reston Town Center.
- Well‑maintained commercial space suitable for various professional uses.
- Features multiple private offices and conference/flex space.
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
$16,223
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
5.90%
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%
$324,460
$324.5K
Cap Rate 7%
$231,757
$231.8K
Cap Rate 9%
$180,256
$180.3K
Market Conditions
NOI Build-Up for 857 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
$25.3K $29.52/SF
− Vacancy
−$3.7K −$4.28/SF
EGI
$21.6K $25.24/SF
− OpEx
−$5.4K −$6.31/SF
NOI
$16.2K $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%
$324,460
Cap Rate 7%
$231,757
Cap Rate 9%
$180,256
Alternative Uses
Best Use
Office B
$231.8K
$202.8K – $270.4K
NOI $16,223 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$268.6K
$235.0K – $313.3K
NOI $18,800 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,613
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condo with private offices and ample parking.
Where is this office units located?
The property is located at 722 Grant Street Herndon, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime Herndon location with quick access to Fairfax County Parkway, Route 28, Dulles Toll Road, and Reston Town Center.; Well‑maintained commercial space suitable for various professional uses.; Features multiple private offices and conference/flex space.
