Office Suite with Secured Parking
For Sale
$348,000
10615 JUDICIAL DRIVE 302A, Fairfax, VA 22030
Office suite 302A with gated access and an automated arm for entry and exit to the parking lot.
Property Size1,422 SF
Days on Market103
Property Features for 10615 JUDICIAL DRIVE 302A
General Information
Standard status
Active
Size
1,422 SF
Total Parking Spaces
150
Zoning
CL
Lease Term
24 Months
Taxes and HOA fees
Annual Taxes
$3,540
Amenities
Accessible Doors, Accessible Hallway(s)
Central Air, Electric
Electric, Heat Pump
Electric Water Heater, Refrigerator
Unassigned, Lighted, Paved, Parking Lot
Building Details
Building Size
1,422 SF
Year Built
1989
Listing Agency:
Questor Realty, Inc.
Listed By:
Jennifer L Neel · License #0225056142
(703) 750-9200
Source:
Evrealestate
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 9 at 8:10PM
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.
Investment Insights
Based on property information with market context.
This offering is an office suite identified as 302A within a commercial office setting at 10615 Judicial Drive. Access to the associated parking lot is controlled by a gate, and the arm lifts automatically to allow entry and exit when you pull up closely.
Directions note access from Rt 123 (Chain Bridge Rd) by turning west onto Judicial Drive, with Judicial Court located on the left before Judicial makes a sharp bend around the back of the Courthouse complex.
Fairfax City is identified as the county or parish location for this property.
Directions note access from Rt 123 (Chain Bridge Rd) by turning west onto Judicial Drive, with Judicial Court located on the left before Judicial makes a sharp bend around the back of the Courthouse complex.
Fairfax City is identified as the county or parish location for this property.
Key Highlights
- Office suite 302A with gated access and an automated arm for entry/exit to the parking lot
- Central Air with Electric and Heat Pump heating
- Appliances include electric water heater and refrigerator
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.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Office suite 302A with gated access and an automated arm for entry and exit to the parking lot.
Where is this office building located?
The property is located at 10615 JUDICIAL DRIVE 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 suite 302A with gated access and an automated arm for entry/exit to the parking lot; Central Air with Electric and Heat Pump heating; Appliances include electric water heater and refrigerator
