Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Herndon, VA 20170
    Back to Search
    Property profile & analytics

    , Herndon, VA 20170

    View on Map
    • Retail properties & Spaces
    • 4,485 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details

    Year built
    1988
    Property type
    Retail properties & Spaces

    Description

    This exceptional opportunity presents a thriving, established flooring and house remodeling business in Herndon, Virginia. Located in a standalone building offering excellent visibility and situated in a prime location, this business has enjoyed consistent success for 36 years under the same ownership. The current owner is retiring, presenting a unique chance for a new entrepreneur to acquire a well-established enterprise with a proven track record. Financial details, including yearly revenue and profit, are readily available via tax returns for complete transparency. The business occupies approximately 4,485 square feet. Importantly, the property owner will sign a new long-term lease with the buyer, ensuring continued occupancy in this desirable location. This presents a low-risk entry point into a high-growth industry, with significant potential for expansion and increased profitability. The business is being sold as a standalone entity

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3712
    Latitude
    38.9764

    Comparable in this City

    • Value Estimation by Request
      4,905 SF

      491 Elden St

      DEPARTMENT STORE
      491 Elden St, Herndon, VA 20170-4512
      View Details
    • Value Estimation
      $1,240,000
      112,005 SF

      2100 Centreville Rd

      DEPARTMENT STORE (MULTI-STORY)
      2100 Centreville Rd, Herndon, VA 20170-4306
      View Details
    • Value Estimation by Request
      4,500 SF

      1013 Dranesville Rd

      DEPARTMENT STORE
      1013 Dranesville Rd, Herndon, VA 20170-2004
      View Details
    • Value Estimation by Request
      6,972 SF

      688 Spg St

      DEPARTMENT STORE
      688 Spg St, Herndon, VA 20170-5124
      View Details
    • Value Estimation by Request
      2,575 SF

      1061 Elden St

      RESTAURANT
      1061 Elden St, Herndon, VA 20170-3802
      View Details
    • Value Estimation by Request
      5,124 SF

      460 Elden St

      RESTAURANT
      460 Elden St, Herndon, VA 20170-4513
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.98 Acres

      Herndon Retail Space - Grant Street

      Prime Herndon location, 2nd floor retail/office.
      720 Grant St, Herndon, VA 20170
      View Details
    • Contact for pricing
      0.98 Acres

      Herndon Retail Space - Grant Street

      Prime Herndon location, 2nd floor retail/office.
      720 Grant St, Herndon, VA 20170
      View Details
    • $750,000

      Historic Commercial Building in Herndon

      Charming, updated historic building with immediate income from established tenants.
      773 Station St, Herndon, VA 20170
      View Details
    • Contact for pricing
      Pending

      Flooring Business for Sale

      Successful flooring and remodeling business for sale with long-term lease.
      Herndon, VA 20170
      View Details
    • $1,395,000

      Retail Property with Business Opportunity

      Retail property suitable for various business styles and opportunities.
      129 Spring St, Herndon, VA 20170
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo

      Restaurant Space in Herndon, VA

      Prime restaurant space with special zoning approval in Herndon.
      1031 Sterling Rd, Herndon, VA 20170
      View Details
    • Contact for pricing
      4,300 SF

      Equipped Kitchen and Conference Room

      Commercial space featuring a fully equipped kitchen and conference room.
      790 Station St, Herndon, VA 20170
      View Details
    • Contact for pricing
      3,162 SF

      Retail Space Anchored by HMart

      Retail space in Fairfax County, anchored by HMart.
      1228 Elden St, Herndon, VA 20170
      View Details
    • Contact for pricing
      2,025 SF

      Retail Space in Herndon Center

      Retail space available in Herndon, Virginia shopping center.
      494 Elden St, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Retail/Office Space Available

      Second-floor retail/office space in Herndon, near Dulles Airport.
      720 Grant St, Herndon, VA 20170
      View Details
    • Contact for pricing
      1,440 SF

      Herndon Retail Space For Rent

      Retail space available in a lifestyle center with ample parking.
      13037 Worldgate Dr, Herndon, VA 20170
      View Details
    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.
    Herndon, VA 20170
    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
    Herndon, VA, 20170
    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!