First-Floor Office Condominium
103-5623 Columbia Pike Falls Church, VA
103-5623 Columbia Pike, Falls Church, VA, 00000
$425,000
For Sale
$425,000
Street-level suite in Rock Spring Professional Center with ample surface parking and flexible professional use for owner-users or investors.
Property Size1,000 SF
Price / SF$425
Days on Market101
Property Features for 103-5623 Columbia Pike
General Information
- Standard status
- Active
- Size
- 1,000 SF
Listing agency
Samson Properties
(703) 220-1056
Listed by
Almaz Gebrehiwot · License #0225177159
(703) 220-1056
Source
Exprealty
Added: Apr 13 Updated: Jul 10 at 4:01PM Checked: Jul 22 at 8:53AM
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.
Suite 123 is a first-floor office condominium located within the established Rock Spring Professional Center. The street-level, approximately 1,000 SF space is designed for client-facing operations alongside private workspace, supporting a professional or retail-style business layout. The unit has previously been used as a pharmacy and professional office space, which may help reduce the amount of reconfiguration needed for compatible uses.
The suite sits directly along Columbia Pike at the intersection of Columbia Pike and Bailey’s Crossroads, supporting strong visibility and signage potential. It is positioned within a professional, well-maintained office community and includes ample surface parking for clients and staff, an important convenience for daily visitation.
For tenants, owner-users, or investors seeking a flexible commercial footprint in a built professional center, Suite 123 offers a street-level option that can fit a range of business types such as medical, legal, accounting, insurance, or boutique service operations. Its combination of functional interior space, direct corridor exposure, and on-site parking makes it a practical choice for establishing or expanding a local presence in the Falls Church area.
The suite sits directly along Columbia Pike at the intersection of Columbia Pike and Bailey’s Crossroads, supporting strong visibility and signage potential. It is positioned within a professional, well-maintained office community and includes ample surface parking for clients and staff, an important convenience for daily visitation.
For tenants, owner-users, or investors seeking a flexible commercial footprint in a built professional center, Suite 123 offers a street-level option that can fit a range of business types such as medical, legal, accounting, insurance, or boutique service operations. Its combination of functional interior space, direct corridor exposure, and on-site parking makes it a practical choice for establishing or expanding a local presence in the Falls Church area.
Key Highlights
- First‑floor street‑level office condo (Unit 123) in Rock Spring Professional Center at Columbia Pike and Bailey’s Crossroads
- Approximately 1,000 SF of functional space suited for a range of professional or retail uses
- Previously used as a pharmacy and professional office space, offering flexibility with minimal reconfiguration
Local Financial Insights For Office B
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 | $29.5k | $29.52 |
| − Vacancy | −$4.3k | −$4.28 |
| EGI | $25.2k | $25.24 |
| − OpEx | −$6.3k | −$6.31 |
| NOI | $18.9k | $18.93 |
1,000 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$270.4K
$236.6K – $315.5K
NOI $18,930 @ 7.0% cap · market cap 4.45%
Second Best
Healthcare Medical
$260.3K
$227.8K – $303.7K
NOI $18,222 @ 7.0% cap · market cap 4.29%
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,423 @ 7.0% cap · market cap 69.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Street-level suite in Rock Spring Professional Center with ample surface parking and flexible professional use for owner-users or investors.
Where is this office units located?
The property is located at 103-5623 Columbia Pike Falls Church, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: First‑floor street‑level office condo (Unit 123) in Rock Spring Professional Center at Columbia Pike and Bailey’s Crossroads; Approximately 1,000 SF of functional space suited for a range of professional or retail uses; Previously used as a pharmacy and professional office space, offering flexibility with minimal reconfiguration
