Three-Story Brick Office
For Sale
$3,800,000
2050 OLD BRIDGE Road, Woodbridge, VA 22192
Commercial Sale, WOODBRIDGE, VA
Property Size15,000 SF
Price / SF$253.33
Days on Market336
Property Features for 2050 OLD BRIDGE Road
General Information
Property type
Other
Property subtype
Office
Parking
36
Parking features
Parking Lot
Subdivision
LAKE RIDGE
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
27431
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
lobbies
remodeled restrooms
kitchen areas
Building Details
Year built
1986
Building materials
Brick
Listing Agency:
Casals Realtors
(703) 348-3911
Listed By:
Mercy F Lugo-Struthers · License #0225190414
(703) 861-6510
Added: Oct 10, 2025
Changed: Aug 25
Last Checked: Sep 10 at 11:06PM
MLS# VAPW2105392
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.
Built in 1986, this three-story brick office property contains approximately 15,000 SF of office space arranged across three floors. The building includes three lobbies, an elevator, exterior stair access, remodeled restrooms, kitchen areas, and adaptable layouts that can accommodate full-floor occupancy or subdivision. Forced-air heating, central air, and a parking lot are also provided.
The first and second floors are leased, with both leases scheduled to expire within the next two years. Entrances from two streets and frontage along Old Bridge Road provide multiple access points for occupants and visitors. The property is within minutes of I-95, Route 123, Jefferson Davis Highway, and nearby hospitals, with Quantico and Ft. Belvoir bases approximately 20 to 30 minutes away.
The first and second floors are leased, with both leases scheduled to expire within the next two years. Entrances from two streets and frontage along Old Bridge Road provide multiple access points for occupants and visitors. The property is within minutes of I-95, Route 123, Jefferson Davis Highway, and nearby hospitals, with Quantico and Ft. Belvoir bases approximately 20 to 30 minutes away.
Key Highlights
- Approximately 15,000 SF across three office floors
- Three lobbies, elevator, and exterior stair access
- Remodeled restrooms and kitchen areas on each level
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
$264,519
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
6.96%
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%
$5,290,380
$5.3M
Cap Rate 7%
$3,778,843
$3.8M
Cap Rate 9%
$2,939,100
$2.9M
Market Conditions
NOI Build-Up for 15,000 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
$363.6K $24.24/SF
− Vacancy
−$10.9K −$0.73/SF
EGI
$352.7K $23.51/SF
− OpEx
−$88.2K −$5.88/SF
NOI
$264.5K $17.63/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$24.24 /SF/Yr
Expense Ratio
25.00%
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%
$5,290,380
Cap Rate 7%
$3,778,843
Cap Rate 9%
$2,939,100
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,519 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.41M
$3.85M – $5.14M
NOI $308,367 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 22192, VA
60,299
Population
21,290
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
19.2 sq mi
ZIP Area
3,141
Density / Sq Mi
$122,005
Median Household Income
$60,918
Median Earnings
$2,012
Median Rent
$465,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office layouts include elevator access, remodeled restrooms, kitchen areas, and on-site parking.
Where is this office building located?
The property is located at 2050 OLD BRIDGE Road Woodbridge, VA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Approximately 15,000 SF across three office floors; Three lobbies, elevator, and exterior stair access; Remodeled restrooms and kitchen areas on each level
