Retail Condominium with Deeded
100-3800 Fairfax Dr, Arlington, VA 22209
For Sale
$1,095,000
An existing optical retail layout offers a practical starting point for retail or professional office occupancy.
Property Size1,672 SF
Price / SF$654.90
Days on Market54
Property Features for 100-3800 Fairfax Dr
General Information
Standard status
Size
Total Parking Spaces
Site & Location
Neighborhood
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Listing Agency:
Compass
(202) 386-6330
Listed By:
KAUSHIK RATH · License VA #663982
(917) 678-1307
Source:
Exprealty
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 12 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Located at Tower Villas in Arlington’s Virginia Square, this retail condominium contains approximately 1,672 square feet. The suite has a courtyard-facing entrance and an existing optometry and optical retail buildout, with potential for retail or professional office use.
Six separately deeded spaces in the building’s commercial garage are included. Four more deeded spaces behind the secured garage gate are available separately, for a possible total of ten. The sale covers the real estate and permanent improvements; the operating optometry and optical business, inventory, movable equipment, patient records, trade name, and goodwill are excluded.
Six separately deeded spaces in the building’s commercial garage are included. Four more deeded spaces behind the secured garage gate are available separately, for a possible total of ten. The sale covers the real estate and permanent improvements; the operating optometry and optical business, inventory, movable equipment, patient records, trade name, and goodwill are excluded.
Key Highlights
- Approximately 1,672 square feet
- Existing optometry and optical retail buildout
- Six separately deeded commercial garage parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,931
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,620
$1.1M
Cap Rate 7%
$799,014
$799.0K
Cap Rate 9%
$621,456
$621.5K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$83.7K $50.04/SF
− Vacancy
−$3.8K −$2.25/SF
EGI
$79.9K $47.79/SF
− OpEx
−$24.0K −$14.34/SF
NOI
$55.9K $33.45/SF
Area
Arlington, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,620
Cap Rate 7%
$799,014
Cap Rate 9%
$621,456
Alternative Uses
Best Use
Retail
$799.0K
$699.1K – $932.2K
NOI $55,931 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$928.7K
$812.6K – $1.08M
NOI $65,007 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,100
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Groceries 26%
Dining 25%
Hotels & Casinos 8%
Safeway
Groceries
17,774 visits/mo
0.2 miles
Exxon
Shops & Services
16,827 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,712 visits/mo
0.3 miles
Chopt
Dining
7,293 visits/mo
0.3 miles
Tupelo Honey
Dining
6,218 visits/mo
0.4 miles
Demographics for 22209, VA
14,859
Population
9,261
Households
1.6
Avg Household Size
33
Median Age
86%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
21,227
Density / Sq Mi
$110,824
Median Household Income
$83,221
Median Earnings
$2,171
Median Rent
$799,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An existing optical retail layout offers a practical starting point for retail or professional office occupancy.
Where is this retail space located?
The property is located at 100-3800 Fairfax Dr Arlington, VA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Approximately 1,672 square feet; Existing optometry and optical retail buildout; Six separately deeded commercial garage parking spaces included
