Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4400 Costello Way Haymarket, VA 20169-2996

    • Office buildings
    • 17,994 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $5,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0441370
    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.

    Current Use by Public Records

    • Ellis Properties - Northern Virginia Real Estate Agent / Real Estate Agency
    • RLS Construction Management Llc / Construction Company / General Contractor

    Property Details for 4400 Costello Way

    Year built
    2004
    Lot size
    1.26 lot acres
    Property size
    17,994 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Office buildings
    APN
    7298-70-9053
    APU
    7298709053

    Description

    This exceptional 55,082 square foot retail center, located at 4400 Costello Way in Haymarket, Virginia (zip code 20169), presents a compelling investment opportunity. Situated on a 1.26-acre lot, the property boasts a diverse tenant mix including Foster's Grille, Contemporary Music Center, Haymarket Bicycles, Smiles on Haymarket, Little Divas Day Spa, Haymarket Pediatrics, and Ellis Properties. The property is zoned B-1 Business Commercial, ensuring flexibility and potential for future development. Its prime location offers excellent visibility and accessibility, with convenient proximity to I-66, a major transportation artery. The center benefits from stable, long-term tenants, providing a consistent revenue stream and minimizing vacancy risk. Haymarket's robust and growing market, coupled with significant barriers to entry for new competitors, further enhances the investment potential of this property. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Virginia community. The property's strong tenant roster, strategic location, and favorable zoning regulations make it an ideal investment for discerning buyers seeking stable returns and long-term growth. The property's size and diverse tenant base offer significant upside potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,640,000
      6.5%
      $5,205,000
      7%
      $4,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,638,000
      Market price range: $3.86M - $11.8M
      AI Estimate
      $4,990,000
      Market price range: $2.88M - $8.24M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,370,000
      Current use
      MEDICAL BUILDING
      $9,340,000
      Change: +27% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $8,270,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Haymarket
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6403
    Latitude
    38.8137
    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
    2023
    $33,782
    $605,900
    $2,640,800
    $3,246,700
    -
    $605,900
    $2,640,800
    $3,246,700

    Comparable in this City

    • Value Estimation
      $1,540,000
      3,944 SF

      15000 Heathcote Blvd

      PROFESSIONAL BUILDING • 3,944 SF
      15000 Heathcote Blvd, Haymarket, VA 20169-6251
      View Details
    • Value Estimation
      $13,015,000
      21,739 SF

      15250 Washington St

      PROFESSIONAL BUILDING • 21,739 SF
      15250 Washington St, Haymarket, VA 20169-2952
      View Details
    • Value Estimation
      $4,385,000
      14,520 SF

      15100 Washington St

      OFFICE BUILDING • 14,520 SF
      15100 Washington St, Haymarket, VA 20169-4918
      View Details
    • Value Estimation
      $890,000
      2,400 SF

      15200 Kapp Vly Way

      OFFICE BUILDING • 2,400 SF
      15200 Kapp Vly Way, Haymarket, VA 20169-4912
      View Details
    • Value Estimation
      $1,040,000
      720 SF

      6518 Old Carolina Rd

      OFFICE BUILDING • 720 SF
      6518 Old Carolina Rd, Haymarket, VA 20169-2604
      View Details
    • Value Estimation
      $1,470,000
      3,780 SF

      6561 Trading Sq

      PROFESSIONAL BUILDING • 3,780 SF
      6561 Trading Sq, Haymarket, VA 20169-2279
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Haymarket Retail/Office Redevelopment Opportunity

      Freestanding retail/office building in Haymarket's historic downtown.
      14891 Washington St, Haymarket, VA 20169
      View Details
    • $40,000
      0.57 Acres

      Residential Land in Haymarket, VA

      Residential land for sale in Haymarket, Virginia.
      15718 Duffey Ct, Haymarket, VA 20169
      View Details
    • $699,000
      10.00 Acres

      10-Acre Lot in Haymarket, VA

      Exceptional 10-acre lot perfect for a custom home.
      2001 Mountain Rd, Haymarket, VA 20169
      View Details
    • $875,000

      Haymarket Specialty Property For Sale

      Specialty property in Haymarket, Virginia, available for purchase.
      2315 Lookout Rd, Haymarket, VA 20169
      View Details
    • $655,000

      Haymarket Specialty Property For Sale

      Specialty property available for purchase in Haymarket, Virginia.
      16061 Pitner St, Haymarket, VA 20169
      View Details
    • $887,000

      Haymarket Specialty Property For Sale

      Specialty property available for purchase in Haymarket, Virginia.
      15236 Weiskopf Ct, Haymarket, VA 20169
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Retail Space Near Major Anchors

      Retail opportunities near Highway 15 & Interstate 66.
      15450 John Marshall Hwy, Haymarket, VA 20169
      View Details
    • Contact for pricing
      165,000 SF

      Haymarket Retail Center Investment

      Prime Retail Space, High Traffic Area
      0 Rt 66 & 15, Haymarket, VA 20169
      View Details
    • Contact for pricing

      Land in Haymarket, Virginia

      Land available for lease or sale in Haymarket, Virginia.
      15150 Washington St, Haymarket, VA 20169
      View Details
    • Contact for pricing
      3,872 SF

      Retail Space in Haymarket Center

      Neighborhood center anchored by Giant Food in Dominion Valley.
      5200 Merchants View Sq, Haymarket, VA 20169
      View Details
    • $2,900 /Mo
      2,336 SF

      Spacious Townhome in Gated Community

      Large 3-bedroom townhome with golf course views and community amenities.
      6310 Cullen Pl, Haymarket, VA 20169
      View Details
    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.
    4400 Costello Way
    Haymarket, VA 20169-2996
    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

    Google sign-in failed. Please try again or use another login method.