Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    299 Herndon Pkwy Herndon, VA 20170
    Property profile & analytics

    299 Herndon Pkwy, Herndon, VA 20170

    View on Map
    • Office Spaces
    • 916 SF
    For Sale
    $295,000
    View Listing →
    Herndon Office Space: Prime Location For Sale
    $295,000
    1,000 SF

    Herndon Office Space: Prime Location

    1,000 sq ft Office, Great Location

    299 Herndon Pkwy, Herndon, VA 20170
    View Listing
    Property ID
    US87-0463894
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Jeffrey Cassis / Alternative Medicine Practice
    • Dr. Grace Lee / Alternative Medicine Practice
    • Farmers Insurance - Ricardo Barriga / Insurance Agency
    • Dr. Daniel J. Lee, DC, CGMP / Alternative Medicine Practice / Acupuncture
    • Dr. Anthony Carpenter / Alternative Medicine Practice

    Property Details for 299 Herndon Pkwy

    Year built
    1987
    Construction
    FRAME
    Zone code
    CO(COMMERCIAL OFFICE)
    Property type
    Office Spaces
    APN
    017-1-13-0106
    APU
    171130106

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2021 $220,000 Minh Nghiem Alan F Gersman Re-recorded Document · related —
    May 24, 2021 $230,000 Minh Nghiem Alan F Gersman Deed —

    Description

    This exceptional 1,000 square foot ground-level office space in Herndon, Virginia, presents a fantastic investment opportunity. Located at the highly visible intersection of Herndon Parkway and Elden Street, this unit boasts a flexible, open floor plan, perfect for customization to suit a variety of business needs. The space includes a convenient half-bath near the entrance for added convenience. A unique skylight feature floods the interior with natural light, creating a bright and welcoming atmosphere. The property offers ample parking for employees and clients. Its prime location provides excellent visibility and accessibility, with the added benefit of proximity to Reston Hospital, approximately 1.2 miles away. This is an ideal space for a business seeking a well-located, adaptable office environment in a thriving area. The property is priced at $295,000 and offers a rare chance to acquire a versatile commercial space in a highly desirable Herndon location. The 0-acre lot is easily accessible and provides ample parking. This is a turnkey opportunity for immediate occupancy and business operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3709
    Latitude
    38.9676
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,888
    $50,380
    $201,520
    $251,900
    -
    $50,380
    $201,520
    $251,900

    Comparable in this City

    • Value Estimation by Request

      1110 Elden St Ste, Unit 301

      CONDOMINIUM OFFICES
      1110 Elden St Ste, Herndon, VA 20170-5599
      View Details
    • Value Estimation by Request

      131 Elden St Ste, Unit 302

      CONDOMINIUM OFFICES
      131 Elden St Ste, Herndon, VA 20170-4851
      View Details
    • Value Estimation
      $1,795,000
      7,131 SF

      104 Elden St Ste, Unit 14

      CONDOMINIUM OFFICES
      104 Elden St Ste, Herndon, VA 20170-4825
      View Details
    • Value Estimation by Request

      171 Elden St Ste 3a1

      CONDOMINIUM OFFICES
      171 Elden St Ste 3a1, Herndon, VA 20170-4976
      View Details
    • Value Estimation by Request

      171 Elden St Ste 3c2

      CONDOMINIUM OFFICES
      171 Elden St Ste 3c2, Herndon, VA 20170-4869
      View Details
    • Value Estimation by Request

      704 Pne Stb4

      CONDOMINIUM OFFICES
      704 Pne Stb4, Herndon, VA 20170-4603
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Herndon Office Condo - Elden Street

      Prime Herndon office space, elevator access, seller financing.
      131 Elden St, Herndon, VA 20170
      View Details
    • $295,000
      1,000 SF

      Herndon Office Space: Prime Location

      1,000 sq ft Office, Great Location
      299 Herndon Pkwy, Herndon, VA 20170
      View Details
    • $821,000
      2,940 SF

      Herndon Office Space - Two Units

      Prime Herndon location, two combined office units.
      108 Elden St, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Parkway Office Suites Available

      Affordable, renovated offices near Metro
      464 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Office Condo - Great View

      Spacious Herndon office condo, ideal location.
      297 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Office Condo - Elden Street

      Second-floor office condo, prime Herndon location.
      131 Elden St, Herndon, VA 20170
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tranquil Office Park in Herndon

      Office retreat with wooded setting near Fairfax County Parkway.
      423-491 Carlisle Dr, Herndon, VA 20170
      View Details
    • $39 SF/Yr
      14,776 SF

      Herndon Office Space For Rent

      Office space in Dulles Technology Corridor with corporate signage.
      12930 Worldgate Dr, Herndon, VA 20170
      View Details
    • $3,900 /Mo
      162,479 SF

      Herndon Office Space For Lease

      Office spaces available in Herndon, Virginia, with ample parking.
      950 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing
      1,233 SF

      Herndon Office Space Available

      Office space available for lease in Herndon, Virginia.
      754 Elden St, Herndon, VA 20170
      View Details
    • Contact for pricing
      5,841 SF

      Office Park Office Suites

      Three office suites in a landscaped park with ample parking, on-site food service, and easy access to major retail and transit.
      512/520 Herndon Pkwy, Herndon, VA 20170
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 Herndon Pkwy
    Herndon, VA 20170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    299 Herndon Pkwy, Herndon, VA, 20170
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!