2 Pidgeon Hill DrSterling, VA 20165

Property Details for 2 Pidgeon Hill Dr

Year built

1987

Lot size

3.44 AC

Property size (Sq ft)

63,088 SF

Zone code

PDH3

Property type

Medical offices

Property subtype

Medical centers

APN

029-39-4077-000

APU

29394077000

Description

This exceptional 60,000 square foot medical office building, located at 2 Pidgeon Hill Drive in Sterling, Virginia, presents a unique investment opportunity. Built in 1985 and extensively renovated in 2016, the five-story building boasts five suites, offering flexible space options ranging from 1,080 to 4,665 contiguous square feet. Currently, 10,074 square feet are available for lease, providing multiple opportunities for medical practices of various sizes. The building features ample free parking, with a ratio of 3.75 spaces per 1,000 square feet. Its convenient location offers fantastic access to Route 7 and Route 28, placing it within easy reach of a wide array of retail amenities, including hotels, banks, restaurants, entertainment venues, and a Starbucks. The property benefits from several building signage opportunities, enhancing visibility and brand recognition. On-site property management ensures efficient building operations. The building is zoned for mixed use and situated in the Sterling submarket of Loudoun County. The property's recent major upgrades and renovations, combined with its prime location and flexible space options, make it an ideal choice for medical professionals seeking a modern and convenient workspace. Several turn-key build-out options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $15,015,591

  6.5%

  $13,860,545

  7%

  $12,870,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,613,815

  Geo Method

  $12,613,815

• Alternative Use

  Use

  Valuation

  Residential

  $17,187,076

  Hospitality

  $15,743,269

  Educational

  $13,098,215

  Medical

  $13,548,683

  Retail

  $20,375,002

Location Insight

City

Sterling

County

Loudoun

State

Virginia

Latitude

39.0376

Longitude

-77.4136

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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