22648 Glenn Dr Sterling, VA 20164
This exceptional investment opportunity presents a portfolio of three fully leased Class B executive office condominiums located at 22648 Glenn Dr., Units 304, 305, and 306 in Sterling, Virginia. Each unit offers approximately 950 square feet and is currently under a modified lease agreement. The units are contiguous, allowing for potential expansion or flexible configurations. Unit 304 boasts five windowed offices (one suitable as a conference room), a storage room, and a private restroom. Unit 305 features five windowed offices, an interior office, a kitchenette, and a private restroom. Unit 306, an end unit, offers two windowed offices, a large open area, and a private restroom with a shower. The portfolio enjoys a 66% occupancy rate and a 6.20% cap rate. Individual unit sale prices are $223,250 for Units 304 and 305, and $228,000 for Unit 306. Lease terms vary, with Unit 304 expiring January 1, 2025
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.