Second-Level Office Condominium
New
For Sale
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10615 JUDICIAL DRIVE #303, Fairfax, VA 22030
The suite includes a reception area, three private offices, a breakroom, restroom and storage closets.
Property Size1,003 SF
Price / SF$1.84
Days on Market4
Property Features for 10615 JUDICIAL DRIVE #303
General Information
Standard status
Active
Size
1,003 SF
Property subtype
Commercial
Additional Details
Floor
2
Asking Price
$240,720
Property Use
Office
Building Details
Year Built
1989
Listing Agency:
Questor Realty, Inc.
Listed By:
Broderick Ashley Neel-Feller · License #0225268784
(703) 750-9200
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 2:53PM
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.
Located on the second floor of the Judicial Court Office Condominium, this 1,003-square-foot office unit was built in 1989. Its layout includes a waiting area, three private offices, a breakroom, a powder room and storage closets. Windows face Judicial Drive.
The property is across the street from the Fairfax Courthouse. Parking is available on a first-come, first-served basis, and uniform exterior signage is permitted.
The property is across the street from the Fairfax Courthouse. Parking is available on a first-come, first-served basis, and uniform exterior signage is permitted.
Key Highlights
- 1,003‑square‑foot office unit
- Three private offices, waiting area, breakroom, powder room and storage closets
- Second‑level suite with windows facing Judicial Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,986
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,720
$379.7K
Cap Rate 7%
$271,229
$271.2K
Cap Rate 9%
$210,956
$211.0K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$29.6K $29.52/SF
− Vacancy
−$4.3K −$4.28/SF
EGI
$25.3K $25.24/SF
− OpEx
−$6.3K −$6.31/SF
NOI
$19.0K $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 Rate 5%
$379,720
Cap Rate 7%
$271,229
Cap Rate 9%
$210,956
Alternative Uses
Best Use
Office B
$271.2K
$237.3K – $316.4K
NOI $18,986 @ 7.0% cap · market cap 1,026.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.20M
$3.68M – $4.91M
NOI $294,303 @ 7.0% cap · market cap 15,908.27%
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
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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 unit - The suite includes a reception area, three private offices, a breakroom, restroom and storage closets.
Where is this office unit located?
The property is located at 10615 JUDICIAL DRIVE #303 Fairfax, VA.
What are key features of this property?
This property features: 1,003‑square‑foot office unit; Three private offices, waiting area, breakroom, powder room and storage closets; Second‑level suite with windows facing Judicial Drive
