Ground-Floor Retail
For Sale
$350,000
13885 HEDGEWOOD Drive, Woodbridge, VA 22193
Commercial Sale, WOODBRIDGE, VA
Property Size800 SF
Price / SF$437.50
Days on Market264
Property Features for 13885 HEDGEWOOD Drive
General Information
Property type
Other
Property subtype
Retail
Parking
50
Parking features
Parking Lot
Elementary school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
High school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
1773
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2007
Building materials
Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Zakariah Chaudhry · License #0225275034
(703) 447-3234
Added: Dec 4, 2025
Changed: Aug 19
Last Checked: Aug 25 at 3:06PM
MLS# VAPW2108622
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail condo is a ground-floor unit within Prince William Commons Business Center in Woodbridge, Virginia. The space is offered as part of a business center where ground-floor units are exclusively retail, while office condos are located on the second and third floors. The property includes ample surface parking, and condo dues are reported as $450 per month, covering utilities (water and electric) and building maintenance.
The center is positioned at the intersection of Prince William Parkway and Minnieville Road and is described as zoned PBD. Distances noted in the remarks include 2.4 miles to Potomac Mills and 2.9 miles to I-95.
The current owner is willing to lease back until June. An on-site business is also stated to be available for purchase for an additional $45,000, with reported annual revenue of approximately $210,000 and net profit of approximately $17,000.
The center is positioned at the intersection of Prince William Parkway and Minnieville Road and is described as zoned PBD. Distances noted in the remarks include 2.4 miles to Potomac Mills and 2.9 miles to I-95.
The current owner is willing to lease back until June. An on-site business is also stated to be available for purchase for an additional $45,000, with reported annual revenue of approximately $210,000 and net profit of approximately $17,000.
Key Highlights
- Rare ground‑floor retail condo in high‑demand Prince William Commons Business Center.
- Excellent visibility and accessibility at the intersection of Prince William Parkway and Minnieville Road.
- Zoned PBD, accommodating diverse retail and professional uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,000
$307.0K
Cap Rate 7%
$219,286
$219.3K
Cap Rate 9%
$170,556
$170.6K
Market Conditions
NOI Build-Up for 800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.6K $28.20/SF
− Vacancy
−$632 −$0.79/SF
EGI
$21.9K $27.41/SF
− OpEx
−$6.6K −$8.22/SF
NOI
$15.3K $19.19/SF
Area
Prince William County, VA
Vacancy
2.80%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,000
Cap Rate 7%
$219,286
Cap Rate 9%
$170,556
Alternative Uses
Best Use
Retail
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$234.9K
$205.6K – $274.1K
NOI $16,446 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
192k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Superstores 30%
Home Improvements & Furnishings 25%
Dining 15%
BJ's Wholesale Club
Superstores
56,765 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
47,863 visits/mo
0.5 miles
BJ's Gas
Shops & Services
28,287 visits/mo
0.3 miles
McDonald's
Dining
16,659 visits/mo
0.2 miles
KFC
Dining
9,587 visits/mo
0.5 miles
Demographics for 22193, VA
83,064
Population
25,121
Households
3.3
Avg Household Size
35
Median Age
35%
College-Educated
85%
High-School Grad
18.3 sq mi
ZIP Area
4,539
Density / Sq Mi
$119,273
Median Household Income
$50,576
Median Earnings
$1,868
Median Rent
$427,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail unit in a Woodbridge business center at Prince William Pkwy and Minnieville Rd, zoned PBD.
Where is this retail space located?
The property is located at 13885 HEDGEWOOD Drive Woodbridge, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare ground‑floor retail condo in high‑demand Prince William Commons Business Center.; Excellent visibility and accessibility at the intersection of Prince William Parkway and Minnieville Road.; Zoned PBD, accommodating diverse retail and professional uses.
