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Property profile & analytics
OFF-MARKET
Office Spaces

22648 Glenn Dr Sterling, VA 20164

950 SF
Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Office Spaces
Total area 950 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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