Office Unit with
22648 Glenn Dr Sterling, VA 20164
22648 Glenn Dr, Sterling, VA, 20164
Contact for pricing
For Sale
Contact for pricing
Office unit featuring a shower, new flooring, and paint.
Property Size950 SF
Price / SF$240
Days on Market1267
Property Features for 22648 Glenn Dr
General Information
- Standard status
- Active
- Size
- 950 SF
- Property subtype
- Office
Listing Agency
Everly Real Estate
Listed by
Matthew Everly · License #VA 0225162908
Source
Crexi
Added: Jan 27, 2023 Checked: Jul 17 at 7:46 am
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 Everly Real Estate
Investment Insights
Based on property information with market context.
Located at 22648 Glenn Dr, Sterling, VA, Unit 306 is available for purchase. This 950 square foot end unit features two windowed offices, a large open area, and a private restroom equipped with a shower. The unit has been updated with new flooring and paint. Furniture is negotiable. Unit 306 is offered for sale individually.
Key Highlights
- Contiguous units offer flexibility: purchase individually or as a portfolio with potential for direct access.
- Unit 305 is currently leased until February 2026, providing immediate income.
- Unit 306 is an end unit with a large open area and a private restroom with shower.
Local 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 | $28.0k | $29.52 |
| − Vacancy | −$4.1k | −$4.28 |
| EGI | $24.0k | $25.24 |
| − OpEx | −$6.0k | −$6.31 |
| NOI | $18.0k | $18.93 |
950 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$256.9K
$224.8K – $299.7K
NOI $17,983 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$297.7K
$260.5K – $347.4K
NOI $20,841 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office unit featuring a shower, new flooring, and paint.
Where is this office units located?
The property is located at 22648 Glenn Dr Sterling, VA.
What is the asking price?
The asking price for this property is $228,000.
What are key features of this property?
This property features: Contiguous units offer flexibility: purchase individually or as a portfolio with potential for direct access.; Unit 305 is currently leased until February 2026, providing immediate income.; Unit 306 is an end unit with a large open area and a private restroom with shower.
