Newly Renovated Office
For Sale
$259,000
10627 Jones Street 301b, Fairfax, VA 22030
Newly renovated office suite minutes from the Fairfax County Courthouse, accessed via Judicial Drive parking lot.
Property Size870 SF
Price / SF$297.70
Days on Market48
Property Features for 10627 Jones Street 301b
General Information
Standard status
Active
Size
870 SF
Building Details
Year Built
1988
Listing Agency:
Capital Gold Realty
Listed By:
Michael Boateng · License #661399
(301) 299-6000
Source:
Kandorre
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 5 at 10:28AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,469
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,380
$329.4K
Cap Rate 7%
$235,271
$235.3K
Cap Rate 9%
$182,989
$183.0K
Market Conditions
NOI Build-Up for 870 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $255,278 @ 7.0% cap · market cap 98.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly renovated office suite minutes from the Fairfax County Courthouse, accessed via Judicial Drive parking lot.
Where is this office units 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
