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    2445 Centreville Rd Herndon, VA 20171
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    2445 Centreville Rd, Herndon, VA 20171

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    • Neighborhood centers
    • 307,389 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McNair Barber / Barber Shop
    • Gold's Gym / Gym & Fitness Center
    • David Sahley / Physician
    • Chase ATM / Atm
    • i2 Investors / Real Estate Agency

    Property Details for 2445 Centreville Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail property, Village Center at Dulles, located at 2445 Centreville Road in Herndon, Virginia (zip code 20171), offers a unique investment opportunity. The center boasts a total of 307,389 square feet of retail space, distributed across six suites. Currently, there are 58,780 square feet of vacant space available, offering flexibility for businesses of various sizes. Individual suites range from a minimum of 1,388 square feet to a maximum contiguous space of 44,460 square feet, catering to a wide array of retail concepts. The property's strategic location in Fairfax County provides excellent visibility from the toll road and benefits from a strong workforce population in the immediate vicinity, ensuring high foot traffic and potential customer base. The property is classified as a strip center with restaurant capabilities, making it ideal for a variety of businesses. This is a rare opportunity to secure prime retail space in a thriving location near Dulles Airport. The property's size and layout offer significant potential for both individual tenants and larger retail operations. Interested parties are encouraged to inquire about available spaces and lease terms.

    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
    -77.4094
    Latitude
    38.9501

    Comparable in this City

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      2551 John Milton Dr

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      $605,000
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      13300 Franklin Farm Rd

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      13300 Franklin Farm Rd, Herndon, VA 20171-4036
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    • Value Estimation
      $5,960,000
      27,335 SF

      13346 Franklin Farm Rd

      SHOPPING CENTER, STRIP CENTER
      13346 Franklin Farm Rd, Herndon, VA 20171-4099
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    • Value Estimation
      $14,190,000
      64,994 SF

      3059 Centreville Rd

      SHOPPING CENTER, STRIP CENTER
      3059 Centreville Rd, Herndon, VA 20171-3709
      View Details
    • Value Estimation by Request

      2321 Dulles Sta Blvd Ste A

      SHOPPING CENTER, STRIP CENTER
      2321 Dulles Sta Blvd Ste A, Herndon, VA 20171-6278
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Mixed-Use Community in Herndon, Virginia

      Live, work, and play community near Dulles Airport and Metro.
      3626 King Johns Way, Herndon, VA 20171
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    • $695,000
      0.67 Acres

      Residential Lot in Herndon, VA

      Residential lot featuring 0.67 acres in Herndon/Fairfax.
      3203 W Ox Rd, Herndon, VA 20171
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      Commercial Land with Development Potential

      Commercial land available for sale or lease with development potential.
      2633 Centreville Rd, Herndon, VA 20171
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    • $60,000
      0.07 Acres

      Land in Herndon, Virginia

      Residential land in a neighborhood of high-priced homes.
      Caris Glenne Outlot B, Herndon, VA 20171
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    Similar Nearby for Lease

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      3,925 SF

      Retail and Restaurant Spaces Available

      Retail, restaurant, and office spaces for lease near future metro.
      12973-12975 Highland Crossing Dr, Herndon, VA 20171
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    • Contact for pricing
      1,800 SF

      Retail Space Available For Lease

      Retail property available for lease in Herndon, Virginia.
      3059 Centreville Rd, Herndon, VA 20171
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      2,500 SF

      Retail Space in Herndon, VA

      Neighborhood shopping center space available in Herndon, Virginia.
      2521-2575 John Milton Dr, Herndon, VA 20171
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    • Contact for pricing
      3,167 SF

      Retail Center Near Dulles Airport

      Retail spaces in a distinctive center with high visibility.
      2405-2465 Centreville Rd, Herndon, VA 20171
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    • Contact for pricing
      4,224 SF

      Retail Center Near Dulles Airport

      Retail spaces available in Herndon, near Dulles Airport.
      2501-2545 Centreville Rd, Herndon, VA 20171
      View Details
    • Contact for pricing
      12,222 SF

      Retail Space Near Dulles Airport

      Retail space with high visibility and strong workplace population.
      2415-2465 Centreville Rd, Herndon, VA 20171
      View Details
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    Herndon, VA 20171
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    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
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