Office Unit in Gated Parking
For Sale
$348,000
10615 Judicial Dr Unit 302a, Fairfax, VA 22030
For sale office unit with access to a secured parking lot and straightforward entry via an automated gate system.
Property Size1,422 SF
Price / SF$244.73
Days on Market220
Property Features for 10615 Judicial Dr Unit 302a
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Questor Realty, Inc.
Listed By:
Jennifer L Neel · License #0225056142
(703) 750-9200
Source:
Baltimoreharfordhomesforsale
Added: Mar 12
Changed: Oct 1
Last Checked: Oct 16 at 9:27AM
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 Questor Realty, Inc.
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Investment Insights
Based on property information with market context.
This listing is an office unit for sale at 10615 Judicial Dr #302a. The space is part of the Judicial Court property and is served by an on-site parking lot that provides controlled entry and exit.
Access is described via Rt 123 (Chain Bridge Rd), with a westbound turn onto Judicial Drive. Judicial Court is located on the left before Judicial makes a sharp bend around the back of the Courthouse complex. Visitors are instructed to pull up closely to the gate, where the arm lifts automatically to allow entry and exit from the parking lot.
For tenants, buyers, and brokers seeking a manageable office footprint, this unit offers a defined space size of 1,422 square feet within the Judicial Court office setting. The controlled parking access may be attractive for everyday client visits and staff access, given the automated gate operation described in the property directions.
Access is described via Rt 123 (Chain Bridge Rd), with a westbound turn onto Judicial Drive. Judicial Court is located on the left before Judicial makes a sharp bend around the back of the Courthouse complex. Visitors are instructed to pull up closely to the gate, where the arm lifts automatically to allow entry and exit from the parking lot.
For tenants, buyers, and brokers seeking a manageable office footprint, this unit offers a defined space size of 1,422 square feet within the Judicial Court office setting. The controlled parking access may be attractive for everyday client visits and staff access, given the automated gate operation described in the property directions.
Key Highlights
- Office unit with access to a secured parking lot
- Automated gate system controls entry and exit
- Built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,918
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,360
$538.4K
Cap Rate 7%
$384,543
$384.5K
Cap Rate 9%
$299,089
$299.1K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$42.0K $29.52/SF
− Vacancy
−$6.1K −$4.28/SF
EGI
$35.9K $25.24/SF
− OpEx
−$9.0K −$6.31/SF
NOI
$26.9K $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 Rate 5%
$538,360
Cap Rate 7%
$384,543
Cap Rate 9%
$299,089
Alternative Uses
Best Use
Office B
$384.5K
$336.5K – $448.6K
NOI $26,918 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.96M
$5.22M – $6.95M
NOI $417,247 @ 7.0% cap · market cap 119.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - For sale office unit with access to a secured parking lot and straightforward entry via an automated gate system.
Where is this office units located?
The property is located at 10615 Judicial Dr Unit 302a Fairfax, VA.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Office unit with access to a secured parking lot; Automated gate system controls entry and exit; Built in 1989
