Office Unit with
22648 Glenn Dr, Sterling, VA 20164
Office unit featuring a shower, new flooring, and paint.
Type:Office
Property size:
950 SFPrice / SF:
$240/SF- Added:
- Jan 27, 2023
- Days on Market:
- 1222
- Last Refresh:
- May 19 at 8:56 pm
Property Features for 22648 Glenn Dr
General Information
- Standard status
- Active
- Size
- 950 SF
- Property subtype
- Office
Listing agent Matthew Everly License #VA 0225162908
Listing office Everly Real Estate
Listing date Jan 27, 2023
Source Crexi
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
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.
- Unit 306 features new flooring and paint.
- Unit 305 includes 5 windowed offices, an interior office, kitchenette, and private restroom.
- Furniture in Unit 306 can convey with the sale.
Overview
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.
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.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Sterling
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.4237938
- Latitude
- 38.9904115
Nearby Similar for Sale
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.
