Building Details

Year Built 1988

Listing Agency: Capital Gold Realty

Listed By: Michael Boateng · License #661399 Show Phone

Source: Kandorre

Added: Jul 21 Changed: Oct 7 Last Checked: Oct 20 at 10:59PM

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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 Capital Gold Realty

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Investment Insights

Based on property information with market context.

This newly renovated office suite has been updated “from top to bottom,” offering an office space configuration designed for professional use. The property is presented for sale with the suite currently rented.

The location places it within arm’s reach of the Fairfax County Courthouse. Access directions provided include traveling north on Chain Bridge Road to Judicial Drive, continuing until the curve, and then taking a left into the parking lot.

The offering is for office space within a multi-unit office environment, specifically identified as Suite 301B at 10627 Jones Street in Fairfax, Virginia.

Key Highlights

• Newly renovated office suite from top to bottom
• Minutes from the Fairfax County Courthouse
• Access via the parking lot off Judicial Drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,469

Cap Rate

6.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$329,380 $329.4K

Cap Rate 7%

$235,271 $235.3K

Cap Rate 9%

$182,989 $183.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 870 SF

Gross rent

$25.7K $29.52/SF

− Vacancy

−$3.7K −$4.28/SF

EGI

$22.0K $25.24/SF

− OpEx

−$5.5K −$6.31/SF

NOI

$16.5K $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%

$329,380

Cap Rate 7%

$235,271

Cap Rate 9%

$182,989

Alternative Uses

Best Use

Office B

$235.3K

$205.9K – $274.5K (±1% cap)

NOI $16,469 @ 7.0% cap · market cap 6.36%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.65M

$3.19M – $4.25M (±1% cap)

NOI $255,278 @ 7.0% cap · market cap 98.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Sylvia W. Sevilla, ... Law Firm E R Sevilla ... Law Firm Home Tech Restoration General Contractor Cosmopolitan Title & Escrow Title Company The WPW Law Firm, ... Law Firm

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Storage Facility Tanning Salon Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,100

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Newly renovated office suite minutes from the Fairfax County Courthouse, accessed via Judicial Drive parking lot.

Where is this office unit located?

The property is located at 10627 Jones Street 301b Fairfax, VA.

What is the asking price?

The asking price for this property is $259,000.

What are key features of this property?

This property features: Newly renovated office suite from top to bottom; Minutes from the Fairfax County Courthouse; Access via the parking lot off Judicial Drive