Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Office Suite in Herndon Title is generated by Realmo AI

    I-722 Grant St, Herndon, VA 20170

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $550/Mo $6 SF/Yr (calc)

    Bright, renovated office suite perfect for small businesses.

    Property size:
    1,000 SF
    Added:
    May 13, 2025
    Days on Market:
    376
    Last Refresh:
    May 22 at 10:28 am

    Property Features for I-722 Grant St

    General Information

    Standard status
    Active
    Size
    1,000 SF

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #0799871

    Listing office HomeCoin.com

    Listing date May 13, 2025

    Source Exprealty

    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 HomeCoin.com

    HighLights

    • Fully renovated office suite with new paint and flooring.
    • Features 3 private offices, a full‑size conference room (or large front office), private kitchenette, and private bathroom.
    • Located in a private, quiet 12‑unit brick office condo building near restaurants, retail, and major roads.
    • Affordable rental rate of $1,750/month for the entire 1,000 sq ft suite.
    • Suitable for small businesses, consultants, or remote teams.
    • Plenty of parking available.

    Overview

    This renovated office suite is available for rent in Herndon, Virginia. Suited for small businesses, consultants, or remote teams, the second-floor unit offers a dedicated space. The 1,000-square-foot suite features three private offices and a full-size conference room, which can also serve as a large front office. It includes a private kitchenette and a private bathroom. The suite has new paint and flooring throughout. Located just off Elden Street near Grant, the suite is situated in a 12-unit brick office condo building. The location provides privacy while remaining close to restaurants, retail options, and major roads such as Fairfax County Parkway and the Dulles Toll Road. There is plenty of parking available. The lease term is three to five years (NNN). Please note that this is an upstairs unit accessible by stairs only. Individual offices may also be available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.378784
    Latitude
    38.967805

    Nearby Similar for Lease

    • $4,500/Mo

      Restaurant Space in Herndon, VA

      Prime restaurant space with special zoning approval in Herndon.
      1031 STERLING Road, HERNDON, VA 20170
      View Details
    • $550/Mo
      1,000 SF

      Renovated Herndon Office Suite

      Bright, renovated office suite in Herndon, ideal for small businesses.
      722 GRANT Street, HERNDON, VA 20170
      View Details
    • $36 SF/Yr
      8,153 SF

      Renovated Office Space Near Airport

      Newly renovated office space with excellent amenities and convenient location.
      13865 Sunrise Valley Drive, Herndon, Virginia 20171
      View Details
    • $39 SF/Yr
      14,776 SF

      Herndon Office Space For Rent

      Office space in Dulles Technology Corridor with corporate signage.
      12930 Worldgate Drive, Herndon, Virginia 20170
      View Details
    • $1,900/Mo
      1,000 SF

      Ground Level Office Space Available

      Office space for rent with direct parking access.
      299 HERNDON Pkwy 106, Herndon, VA 20170
      View Details
    • $36 SF/Yr
      44,654 SF

      Renovated Office Space Near Airport

      Class A office space with extensive renovations and modern amenities.
      13851 Sunrise Valley Drive, Herndon, Virginia 20171
      View Details
    • $36 SF/Yr
      18,393 SF

      Renovated Office Space Near Airport

      Class A office space with extensive renovations and prime location.
      13861 Sunrise Valley Drive, Herndon, Virginia 20171
      View Details
    • $3,900/Mo
      11,470 SF

      Herndon Parkway Office Space Available

      Office spaces for rent in Herndon, Virginia, from 2118-11470 sqft.
      950 HERNDON PARKWAY, HERNDON, VA 20170
      View Details
    • $36 SF/Yr
      25,459 SF

      Herndon Office Space For Rent

      Class A office space in Herndon, Virginia available for lease.
      2001 Edmund Halley Drive, Herndon, Virginia 20191
      View Details
    • $1,900/Mo
      1,000 SF

      Ground Level Office Space Available

      Office space for rent with direct parking lot access.
      299 Herndon Pkwy #106, HERNDON, VA 20170
      View Details
    • Sponsored
      $129-$6,687/Mo
      11-1,292 SF

      Dulles Corner

      13800 Floors, Herndon, VA 20171
      View Details
    • $33 SF/Yr
      38,167 SF

      Premium Office Space Available

      Modern office space with amenities near Innovation Center Metro Station.
      13665 Dulles Technology Drive, Herndon, VA, 20171
      View Details

    FAQs

    What type of property is this?
    Office units - Bright, renovated office suite perfect for small businesses.
    Where is this office units located?
    The property is located at I-722 Grant St Herndon, VA.
    What is the lease rate?
    The lease rate is $550 /Mo.
    What are key features of this property?
    This property features: Fully renovated office suite with new paint and flooring.; Features 3 private offices, a full‑size conference room (or large front office), private kitchenette, and private bathroom.; Located in a private, quiet 12‑unit brick office condo building near restaurants, retail, and major roads.
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 0799871
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    I-722 Grant St, Herndon, VA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!