Three-Level Downtown Office
For Sale
$2,500,000
847 Station St, Herndon, VA 20170
Own a multi-level downtown office building with three floors of office space.
Property Size8,234 SF
Price / SF$303.62
Days on Market142
Property Features for 847 Station St
General Information
Standard status
Active
Size
8,234 SF
Building Details
Year Built
1922
Stories
3
Listing Agency:
Wellborn Management Co., Inc.
Listed By:
Vincent L Alexander · License #0225076619
(703) 464-7009
Source:
Lgagne
Added: Jun 3
Changed: Oct 4
Last Checked: Oct 7 at 2:56PM
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 Wellborn Management Co., Inc.
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Investment Insights
Based on property information with market context.
This offering presents a commercial office building featuring three levels of office space. The building is positioned for an owner-occupant or investor seeking a straightforward, multi-floor office configuration.
The property is located in Downtown Herndon, VA, at 847 Station Street. The public remarks indicate that office space across three levels is available, supporting a tenant-ready layout for office uses.
From a leasing and ownership standpoint, the three-floor configuration can accommodate a range of office occupancies, whether you plan to occupy a portion and lease the remainder or market the full building for a single tenant. For buyers and brokers, the key advantage here is the clear, defined multi-level office footprint within the downtown market.
The property is located in Downtown Herndon, VA, at 847 Station Street. The public remarks indicate that office space across three levels is available, supporting a tenant-ready layout for office uses.
From a leasing and ownership standpoint, the three-floor configuration can accommodate a range of office occupancies, whether you plan to occupy a portion and lease the remainder or market the full building for a single tenant. For buyers and brokers, the key advantage here is the clear, defined multi-level office footprint within the downtown market.
Key Highlights
- Commercial office building built in 1922
- Multi‑level building offering three levels of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,867
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,117,340
$3.1M
Cap Rate 7%
$2,226,671
$2.2M
Cap Rate 9%
$1,731,856
$1.7M
Market Conditions
NOI Build-Up for 8,234 SF
Gross rent
$243.1K $29.52/SF
− Vacancy
−$35.2K −$4.28/SF
EGI
$207.8K $25.24/SF
− OpEx
−$52.0K −$6.31/SF
NOI
$155.9K $18.93/SF
Area
Fairfax 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 Rate 5%
$3,117,340
Cap Rate 7%
$2,226,671
Cap Rate 9%
$1,731,856
Alternative Uses
Best Use
Office B
$2.23M
$1.95M – $2.60M
NOI $155,867 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$34.51M
$30.20M – $40.27M
NOI $2,416,041 @ 7.0% cap · market cap 96.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Own a multi-level downtown office building with three floors of office space.
Where is this office building located?
The property is located at 847 Station St Herndon, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Commercial office building built in 1922; Multi‑level building offering three levels of office space
