4400 Costello WayHaymarket, VA 20169
- Office properties
- 17,994 SF
Property Details for 4400 Costello Way
- Year built
- 2004
- Lot size
- 1.26 AC
- Property size (Sq ft)
- 17,994 SF
- Zone code
- GENERAL BUSINESS
- Property type
- Office properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,282,756
- 6.5%
- $3,953,314
- 7%
- $3,670,934
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,597,720
- Geo Method
- $3,597,720
-
Alternative Use
- Use
- Valuation
- Residential
- $4,902,109
- Hospitality
- $4,490,306
- Educational
- $3,735,882
- Medical
- $3,864,364
- Retail
- $5,811,371
Location Insight
- City
- Haymarket
- County
- Prince William
- State
- Virginia
- Latitude
- 38.8137
- Longitude
- -77.6403
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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