4400 Costello WayHaymarket, VA 20169

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 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.

• 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

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