Property profile

4400 Costello Way Haymarket, VA 20169

FOR LEASE
Office buildings
Property ID
US87-0441370
17,994 SF 1.26 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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4400 Costello Way, Haymarket, VA 20169 For Lease
$5,610,000 986 SF available
4400 Costello Way, Haymarket, VA 20169
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Total area 17,994 SF
Lot 1.26 ac (55,103 SF)
Zoning code GENERAL BUSINESS
APN 7298-70-9053
UPID US87-0441370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Construction Company General Contractor

Location

4400 Costello Way Haymarket, VA 20169
Haymarket metro Census 901507 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.21M
Comparable Approach Comparable
$6.64M
Blend (final) Blend
$5.61M

Owner & transaction history

since 2025
7 recorded transactions
2025
$4.5M
2023
Price N/A
2020
Price N/A
2017
Price N/A
2016
Price N/A
2014
Price N/A
2012
$2.3M

Zoning & alternative use

GENERAL BUSINESS · Haymarket, VA
Top alternative use upside
Medical building $9.3M +26.8%
Neighborhood: shopping center $8.3M +12.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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