Office Condominium with Two
New
For Sale
$350,000
1146-H Walker Road, Great Falls, VA 22066
The leased space is divided into two suites with separate office layouts and shared corridor access.
Property Size1,350 SF
Price / SF$259.26
Days on Market3
Property Features for 1146-H Walker Road
General Information
Standard status
Active
Size
1,350 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
C-8
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,364
Amenities
Electric
Yes
Public
425
No
Parking Lot
4
1350.00
85250.00
Building Details
Year Built
1986
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 2:58PM
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 Coldwell Banker Commercial
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Investment Insights
Based on property information with market context.
At 1146-H Walker Road, this 1,350-square-foot office condominium was renovated in 2022 and is configured as two suites, H-1 and H-2, accessed from a common corridor. H-1 contains four offices with windows and an open sitting area; H-2 has two windowed offices. Both suites have laminate floors, recessed lighting, and high ceilings, with a shared restroom in the corridor. The space is fully leased. Building and monument signage are available, and parking is provided in front and behind the building. The property was built in 1986 and is zoned C-8.
The office park has two access points from Route 7, also known as Leesburg Pike. Great Falls Village Centre, grocery and coffee shops, restaurants, banks, the post office, and the Great Falls Library are nearby. The property is situated between Tysons and Reston, with access to Dulles International Airport, the Silver Line Metro, and I-495.
The office park has two access points from Route 7, also known as Leesburg Pike. Great Falls Village Centre, grocery and coffee shops, restaurants, banks, the post office, and the Great Falls Library are nearby. The property is situated between Tysons and Reston, with access to Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- 1,350‑square‑foot office condominium, renovated in 2022
- Two suites: H‑1 has four windowed offices and an open sitting area; H‑2 has two windowed offices
- Currently fully leased; tenants have indicated interest in staying for a period of time
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,555
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,100
$511.1K
Cap Rate 7%
$365,071
$365.1K
Cap Rate 9%
$283,944
$283.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$39.9K $29.52/SF
− Vacancy
−$5.8K −$4.28/SF
EGI
$34.1K $25.24/SF
− OpEx
−$8.5K −$6.31/SF
NOI
$25.6K $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%
$511,100
Cap Rate 7%
$365,071
Cap Rate 9%
$283,944
Alternative Uses
Best Use
Office B
$365.1K
$319.4K – $425.9K
NOI $25,555 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.66M
$4.95M – $6.60M
NOI $396,120 @ 7.0% cap · market cap 113.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The leased space is divided into two suites with separate office layouts and shared corridor access.
Where is this office unit located?
The property is located at 1146-H Walker Road Great Falls, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,350‑square‑foot office condominium, renovated in 2022; Two suites: H‑1 has four windowed offices and an open sitting area; H‑2 has two windowed offices; Currently fully leased; tenants have indicated interest in staying for a period of time
