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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Centreville Rd & Arrowbrook Ctr Dr Herndon, VA 20171

    • Retail properties
    • 36,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Centreville Rd & Arrowbrook Ctr Dr

    Year built
    2023
    Property size
    36,000 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    Arrowbrook Centre, a Class A retail property in Herndon, Virginia, offers an exceptional opportunity for businesses seeking high-visibility space. Completed in 2023, this 36,000 square foot center boasts 7 suites, with a significant 8,581 square feet currently vacant and immediately available. The minimum divisible space is 2,124 square feet, while the maximum contiguous space available is 8,581 square feet, providing flexibility for various business needs. The property is strategically located at the intersection of Centreville Road and Arrowbrook Centre Drive in the Dulles corridor, adjacent to the Dulles Toll Road, ensuring high traffic volume and excellent accessibility. Ample parking is provided with 187 spaces. The center is zoned as Fairfax CO PDC-Planned Development Commercial District. Arrowbrook Centre is already home to a thriving mix of established businesses including Peter Chang, Paris Baguette, KyuRamen, T/Baar Bubble Tea, and Hello2india grocery, creating a vibrant and attractive retail environment. This presents a unique chance to join a successful and well-established retail community in a high-growth area of Fairfax County. The property's modern design and prime location make it an ideal choice for businesses seeking to establish or expand their presence in the thriving Herndon market.

    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
    -77.4072
    Latitude
    38.9537

    Comparable in this City

    • Value Estimation by Request
      10,125 SF

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    • Value Estimation by Request
      246,584 SF

      330-356 Elden St

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      15,838 SF

      2323 Dulles Station Blvd

      Retail properties • 15,838 SF
      2323 Dulles Station Blvd, Herndon, VA 20171
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    • Value Estimation by Request
      307,389 SF

      2445 Centreville Rd

      Neighborhood centers • 307,389 SF
      2445 Centreville Rd, Herndon, VA 20171
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    • Value Estimation by Request
      103,263 SF

      2551 John Milton Dr

      Lifestyle centers • 103,263 SF
      2551 John Milton Dr, Herndon, VA 20171
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    • Value Estimation
      $605,000
      2,332 SF

      13300 Franklin Farm Rd

      SHOPPING CENTER, STRIP CENTER • 2,332 SF
      13300 Franklin Farm Rd, Herndon, VA 20171-4036
      View Details

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    Similar Nearby for Lease

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      3,167 SF

      Retail Center Near Dulles Airport

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      Retail property available for lease in Herndon, Virginia.
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      15,838 SF

      Prime Herndon Retail Space

      Class A retail space, multiple units available.
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      Retail Space Near Dulles Airport

      Retail space with high visibility and strong workplace population.
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      Retail Space in Herndon, VA

      Neighborhood shopping center space available in Herndon, Virginia.
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      246,584 SF

      Herndon Centre Retail Space

      Prime Herndon retail, flexible suites available.
      330-356 Elden St, 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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