Updated Office Space Near
For Sale
Contact for pricing
1142 Walker Rd, Great Falls, VA 22066
Traditional office space with updated interior, convenient location.
Property Size1,023 SF
Price / SF$381.13
Days on Market248
Property Features for 1142 Walker Rd
General Information
Standard status
Active
Size
1,023 SF
Class
B
Property subtype
Office
Zoning
C-8
Investment Type
Owner/User
Building Details
Year Built
1986
Stories
1
Units
1
Listing Agency:
Marathon Realty group inc
Listed By:
Jeffery Shumaker · License #0225274250
Source:
Crexi
Added: Feb 1
Changed: Aug 11
Last Checked: Aug 11 at 12:52PM
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 Marathon Realty group inc
Investment Insights
Based on property information with market context.
This traditional office space, totaling 1023 square feet, features an updated interior. The layout includes four office spaces and one full bathroom. The property is located approximately one half of a mile from Leesburg Pike.
Key Highlights
- Great location: half a mile from Leesburg Pike
- Updated interior
- Four office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,365
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,300
$387.3K
Cap Rate 7%
$276,643
$276.6K
Cap Rate 9%
$215,167
$215.2K
Market Conditions
NOI Build-Up for 1,023 SF
Gross rent
$30.2K $29.52/SF
− Vacancy
−$4.4K −$4.28/SF
EGI
$25.8K $25.24/SF
− OpEx
−$6.5K −$6.31/SF
NOI
$19.4K $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%
$387,300
Cap Rate 7%
$276,643
Cap Rate 9%
$215,167
Alternative Uses
Best Use
Office B
$276.6K
$242.1K – $322.8K
NOI $19,365 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.29M
$3.75M – $5.00M
NOI $300,171 @ 7.0% cap · market cap 76.99%
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
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 22066, VA
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
Median Home Value
Check the figures for this property
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 units - Traditional office space with updated interior, convenient location.
Where is this office units located?
The property is located at 1142 Walker Rd Great Falls, VA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Great location: half a mile from Leesburg Pike; Updated interior; Four office spaces
