Renovated Office Condominium
1146-H WALKER Road Great Falls, VA 22066
For Sale
$350,000
Commercial Sale - GREAT FALLS, VA
Property Size1,350 SF
Price / SF$259.26
Days on Market86
Property Features for 1146-H WALKER Road
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 4
- Parking features
- Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 5364
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Building materials
- Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Added: May 3
Changed: Jul 2
Last Checked: Jul 27 at 6:06AM
MLS# VAFX2308536
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is an upscale professional office condominium within Leigh Corners Office Park. Unit H is approximately 1,350 square feet and was renovated in 2022. The unit is currently configured as two separate suites, H-1 and H-2, both accessed from a shared corridor. Interiors include laminate flooring, recessed lighting, and high ceilings. Suite H-1 features four windowed offices and a generous open sitting area, while Suite H-2 includes two windowed offices. A common restroom is located conveniently in the corridor.
The property provides building signage availability and monument signage at the main entrance. Ample free parking is available, with convenient customer parking in front and additional employee parking at the rear. Access is described as convenient from Route 7/Leesburg Pike via two access points. The location is minutes from the Great Falls Village Centre, and nearby amenities include Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Designed to fit an owner-user, investor, or combination approach, the unit is fully leased. The units may be purchased together, and the listing notes Unit G may also be purchased separately. Each condominium at Leigh Corners is individually owned, with professional management overseeing the common areas, supporting day-to-day coordination of shared spaces.
The property provides building signage availability and monument signage at the main entrance. Ample free parking is available, with convenient customer parking in front and additional employee parking at the rear. Access is described as convenient from Route 7/Leesburg Pike via two access points. The location is minutes from the Great Falls Village Centre, and nearby amenities include Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Designed to fit an owner-user, investor, or combination approach, the unit is fully leased. The units may be purchased together, and the listing notes Unit G may also be purchased separately. Each condominium at Leigh Corners is individually owned, with professional management overseeing the common areas, supporting day-to-day coordination of shared spaces.
Key Highlights
- Fully leased, renovated (2022) office condominium offering immediate income potential. Existing tenants are interested in remaining.
- Flexible configuration as two separate suites providing options for owner‑user, investor, or combination.
- Premier Great Falls location with excellent accessibility to Route 7/Leesburg Pike and proximity to amenities.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $29.52 |
| − Vacancy | −$5.8k | −$4.28 |
| EGI | $34.1k | $25.24 |
| − OpEx | −$8.5k | −$6.31 |
| NOI | $25.6k | $18.93 |
1,350 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Fully leased, renovated office condominium offering two separate suites with corridor access and a shared restroom.
Where is this office units 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: Fully leased, renovated (2022) office condominium offering immediate income potential. Existing tenants are interested in remaining.; Flexible configuration as two separate suites providing options for owner‑user, investor, or combination.; Premier Great Falls location with excellent accessibility to Route 7/Leesburg Pike and proximity to amenities.
