299 Herndon PkwyHerndon, VA 20170

Property Details for 299 Herndon Pkwy

Year built

1987

Construction

FRAME

Property size (Sq ft)

916 SF

Zone code

CO(COMMERCIAL OFFICE)

Property type

Office properties

Property subtype

Other office properties

APN

017-1-13-0106

APU

171130106

Description

This exceptional 1,000 square foot ground-level office space in Herndon, Virginia, presents a fantastic investment opportunity. Located at the highly visible intersection of Herndon Parkway and Elden Street, this unit boasts a flexible, open floor plan, perfect for customization to suit a variety of business needs. The space includes a convenient half-bath near the entrance for added convenience. A unique skylight feature floods the interior with natural light, creating a bright and welcoming atmosphere. The property offers ample parking for employees and clients. Its prime location provides excellent visibility and accessibility, with the added benefit of proximity to Reston Hospital, approximately 1.2 miles away. This is an ideal space for a business seeking a well-located, adaptable office environment in a thriving area. The property is priced at $295,000 and offers a rare chance to acquire a versatile commercial space in a highly desirable Herndon location. The 0-acre lot is easily accessible and provides ample parking. This is a turnkey opportunity for immediate occupancy and business operations.

• CAP approach

  CAP return

  Valuation

  6%

  $224,126

  6.5%

  $206,886

  7%

  $192,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $183,145

  Geo Method

  $183,145

• Alternative Use

  Use

  Valuation

  Residential

  $256,538

  Hospitality

  $234,988

  Educational

  $195,507

  Medical

  $202,231

  Retail

  $304,122

Location Insight

City

Herndon

County

Fairfax

State

Virginia

Latitude

38.9676

Longitude

-77.3709

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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