End-Unit Office
For Sale
$649,000
10134 COLVIN RUN ROAD Unit G & H, Great Falls, VA 22066
Custom end-unit office condo features skylights, a central rotunda, and shared conference room and kitchen options.
Property Size2,600 SF
Price / SF$285.53
Days on Market64
Property Features for 10134 COLVIN RUN ROAD Unit G & H
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,909
Amenities
conference room
full kitchen
private offices
skylights
central rotunda
separate entrances
restrooms
built-in cabinetry
professional management
Building Details
Building Size
2,600 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Source:
Kerishull
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 8 at 10:18AM
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 custom-built end-unit office condominium is designed with elegant wood trim throughout, skylights, a central rotunda, and extensive built-in cabinetry. The space includes a spacious conference room and a full kitchen, along with multiple private offices. Two secure locking doors on either side of the rotunda allow the conference room and kitchen to be shared between two separate office suites.
With two secure suites separated by the rotunda, the layout supports different operating arrangements. Separate entrances and restrooms at each end of the space provide flexibility for either a single occupant or two independent tenants.
Leigh Corners is a condominium community with individually owned units and professional management overseeing the common areas. The property is located for convenient access from Route 7/Leesburg Pike via two access points and is just minutes from the Great Falls Village Centre, where community events and nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library serve the area.
With two secure suites separated by the rotunda, the layout supports different operating arrangements. Separate entrances and restrooms at each end of the space provide flexibility for either a single occupant or two independent tenants.
Leigh Corners is a condominium community with individually owned units and professional management overseeing the common areas. The property is located for convenient access from Route 7/Leesburg Pike via two access points and is just minutes from the Great Falls Village Centre, where community events and nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library serve the area.
Key Highlights
- Custom‑built end‑unit office condominium with skylights and elegant wood trim throughout
- Central rotunda design with flexible space arrangement, plus shared conference room and kitchen options
- Two secure locking doors allow the conference room and kitchen to be shared between two separate office suites
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
$43,027
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
6.63%
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%
$860,540
$860.5K
Cap Rate 7%
$614,671
$614.7K
Cap Rate 9%
$478,078
$478.1K
Market Conditions
NOI Build-Up for 2,273 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
$67.1K $29.52/SF
− Vacancy
−$9.7K −$4.28/SF
EGI
$57.4K $25.24/SF
− OpEx
−$14.3K −$6.31/SF
NOI
$43.0K $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%
$860,540
Cap Rate 7%
$614,671
Cap Rate 9%
$478,078
Alternative Uses
Best Use
Office B
$614.7K
$537.8K – $717.1K
NOI $43,027 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.53M
$8.34M – $11.12M
NOI $666,949 @ 7.0% cap · market cap 102.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
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 - Custom end-unit office condo features skylights, a central rotunda, and shared conference room and kitchen options.
Where is this office units located?
The property is located at 10134 COLVIN RUN ROAD Unit G & H 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: Custom‑built end‑unit office condominium with skylights and elegant wood trim throughout; Central rotunda design with flexible space arrangement, plus shared conference room and kitchen options; Two secure locking doors allow the conference room and kitchen to be shared between two separate office suites
