4400 Costello WayHaymarket, VA 20169

  • Office properties
  • 17,994 SF
For Sale

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
4400 Costello Way, Haymarket, Virginia

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

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

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