5623 COLUMBIA PIKE, Falls Church, VA 22041
Commercial Sale - FALLS CHURCH, VA
- Added:
- Apr 13, 2026
- Days on Market:
- 49
- Last Refresh:
- May 31 at 7:06 pm
Property Features for 5623 COLUMBIA PIKE
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 11
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 1,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 3800
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Building materials
- Brick
Listing agent Almaz Gebrehiwot License #0225177159 (703) 220-1056
Listing office Samson Properties 14291 Park Meadow Drive unit: 500, Chantilly, VA (703) 378-8810
Listing date Apr 13, 2026
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.
HighLights
- High‑visibility, first‑floor office condo on Columbia Pike with strong traffic and signage potential
- Functional +/-1,000 SF space suitable for various professional or retail uses
- Ample surface parking for clients and staff
- Convenient access to I‑395, Route 50, I‑495, Washington D.C., Arlington, and Alexandria
- Located in a well‑maintained professional center in the heart of Falls Church
- Flexible layout previously used as a pharmacy and professional office
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $40.56 |
| − Vacancy | −$1.4k | −$1.38 |
| EGI | $39.2k | $39.18 |
| − OpEx | −$11.8k | −$11.75 |
| NOI | $27.4k | $27.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Falls Church
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1247
- Latitude
- 38.85192