Office Unit with
For Sale
Contact for pricing
22648 Glenn Dr, Sterling, VA 20164
Office unit featuring a shower, new flooring, and paint.
Property Size950 SF
Price / SF$240
Days on Market1358
Property Features for 22648 Glenn Dr
General Information
Standard status
Active
Size
950 SF
Class
B
Property subtype
Office
Occupancy
33%
Lease Type
Modified Gross
Building Details
Tenancy
Multi
Listing Agency:
Everly Real Estate
Listed By:
Matthew Everly · License #VA 0225162908
Source:
Crexi
Added: Jan 27, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:37AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,983
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,660
$359.7K
Cap Rate 7%
$256,900
$256.9K
Cap Rate 9%
$199,811
$199.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$28.0K $29.52/SF
− Vacancy
−$4.1K −$4.28/SF
EGI
$24.0K $25.24/SF
− OpEx
−$6.0K −$6.31/SF
NOI
$18.0K $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 Rate 5%
$359,660
Cap Rate 7%
$256,900
Cap Rate 9%
$199,811
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
