End-Unit Office
For Sale
Contact for pricing
10134 Colvin Run Road, Great Falls, VA 22066
Flexible office layout supports separate occupancy with shared conference and kitchen areas.
Property Size2,600 SF
Price / SF$249.62
Days on Market13
Property Features for 10134 Colvin Run Road
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Office
Additional Details
Office Units
2
Building Details
Year Built
1986
Listing Agency:
Samson Properties
(703) 930-5692
Listed By:
Bonnie Wolfe · License #0225078568
Source:
Crexi
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 10 at 1:51PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 2,600-square-foot office condominium is configured as an end unit with two separate entrances and restrooms positioned at opposite ends. The interior includes multiple private offices, a conference room, full kitchen, built-in cabinetry, skylights, and wood trim. A central rotunda organizes the space and provides a shared connection between the two office areas.
The layout allows the property to function as one integrated workplace or as two independently occupied office suites. Two locking doors on either side of the rotunda provide controlled separation around the shared conference room and kitchen. Built in 1986, the condominium is located at 10134 Colvin Run Road in Great Falls, Virginia.
The layout allows the property to function as one integrated workplace or as two independently occupied office suites. Two locking doors on either side of the rotunda provide controlled separation around the shared conference room and kitchen. Built in 1986, the condominium is located at 10134 Colvin Run Road in Great Falls, Virginia.
Key Highlights
- 2,600 SF end‑unit office condominium
- Two separate entrances with restrooms at opposite ends
- Central rotunda connects the two office areas
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
$49,217
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
7.58%
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%
$984,340
$984.3K
Cap Rate 7%
$703,100
$703.1K
Cap Rate 9%
$546,856
$546.9K
Market Conditions
NOI Build-Up for 2,600 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
$76.8K $29.52/SF
− Vacancy
−$11.1K −$4.28/SF
EGI
$65.6K $25.24/SF
− OpEx
−$16.4K −$6.31/SF
NOI
$49.2K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /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%
$984,340
Cap Rate 7%
$703,100
Cap Rate 9%
$546,856
Alternative Uses
Best Use
Office B
$703.1K
$615.2K – $820.3K
NOI $49,217 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.90M
$9.54M – $12.71M
NOI $762,899 @ 7.0% cap · market cap 117.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 22066, VA
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
Median Home Value
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 units - Flexible office layout supports separate occupancy with shared conference and kitchen areas.
Where is this office units located?
The property is located at 10134 Colvin Run Road Great Falls, VA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,600 SF end‑unit office condominium; Two separate entrances with restrooms at opposite ends; Central rotunda connects the two office areas
