Office Unit in Office
For Sale
$305,000
7420 Heritage Village Plaza Unit 7420, Gainesville, VA 20155
For sale office unit within Heritage Village Plaza, offering a dedicated space for professional tenants or owner-occupants.
Property Size1,223 SF
Price / SF$249.39
Days on Market77
Property Features for 7420 Heritage Village Plaza Unit 7420
General Information
Standard status
Active
Size
1,223 SF
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
CENTURY 21 New Millennium
(703) 317-7528
Listed By:
Debra McElroy · License #0225208152
(703) 317-7528
Source:
Xome
Added: May 17
Changed: Jul 6
Last Checked: Jul 17 at 2:10AM
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 CENTURY 21 New Millennium
Investment Insights
Based on property information with market context.
This for-sale office unit is located within Heritage Village Plaza and is suited to professional use. The offering includes a defined office space configuration within a larger commercial setting, providing a manageable option for businesses seeking a self-contained unit rather than a fully detached facility.
The property is addressed at 7420 Heritage Village Plaza Unit 7420 in Gainesville, Virginia. As part of a multi-unit plaza environment, the location provides a framework for daytime operations where businesses can serve clients and collaborate with neighboring tenants.
For tenants and buyers looking for a practical office footprint, this unit can work for a range of office-based operations, subject to applicable building rules and permitted uses. The defined unit format supports straightforward occupancy planning, while the plaza setting can be advantageous for teams that want to operate within an established commercial property rather than stand alone.
The property is addressed at 7420 Heritage Village Plaza Unit 7420 in Gainesville, Virginia. As part of a multi-unit plaza environment, the location provides a framework for daytime operations where businesses can serve clients and collaborate with neighboring tenants.
For tenants and buyers looking for a practical office footprint, this unit can work for a range of office-based operations, subject to applicable building rules and permitted uses. The defined unit format supports straightforward occupancy planning, while the plaza setting can be advantageous for teams that want to operate within an established commercial property rather than stand alone.
Key Highlights
- Office unit in Heritage Village Plaza
- Year built 2006
- Central air cooling
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.6k | $24.24 |
| − Vacancy | −$889 | −$0.73 |
| EGI | $28.8k | $23.51 |
| − OpEx | −$7.2k | −$5.88 |
| NOI | $21.6k | $17.63 |
1,223 SF · lease $24.24/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$308.1K
$269.6K – $359.5K
NOI $21,567 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 20155, VA
37,218
Population
12,833
Households
2.9
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
1,460
Density / Sq Mi
$154,531
Median Household Income
$71,853
Median Earnings
$2,648
Median Rent
$630,400
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 - For sale office unit within Heritage Village Plaza, offering a dedicated space for professional tenants or owner-occupants.
Where is this office units located?
The property is located at 7420 Heritage Village Plaza Unit 7420 Gainesville, VA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Office unit in Heritage Village Plaza; Year built 2006; Central air cooling
