Flexible Office Condominium
For Sale
$650,000
1146 WALKER RD #G&H G&H, Great Falls, VA 22066
Two privately entered suites offer owner-user occupancy, leased income, and adaptable professional office layouts.
Property Size2,600 SF
Price / SF$250
Days on Market51
Property Features for 1146 WALKER RD #G&H G&H
General Information
Standard status
Active
Size
2,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
building signage
monument signage
skylights
high ceilings
professional paint
curated wall art
Building Details
Tenancy
Multi
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Source:
360
Added: Sep 5
Changed: Oct 14
Last Checked: Oct 24 at 5:51PM
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 Samson Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units G and H are office condominiums that can operate separately or be combined through a shared interior corridor. Each has its own entrance, while the connecting passage provides an option for a larger unified configuration. Unit H contains approximately 1,350 square feet, was renovated in 2022, and is fully leased as two suites with windowed offices, laminate flooring, recessed lighting, and high ceilings. Unit G offers approximately 1,250 square feet of vacant office space with three private offices, reception, wood flooring, skylights, a restroom, and a utility room with janitor sink and storage.
The property includes building signage and monument signage at the main entrance, along with free parking positioned for both customers and employees. Access is available from Route 7/Leesburg Pike through two points. The surrounding Great Falls area includes retail, restaurants, banking, postal services, the library, and community amenities at Great Falls Village Centre. The location also provides access toward Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
The property includes building signage and monument signage at the main entrance, along with free parking positioned for both customers and employees. Access is available from Route 7/Leesburg Pike through two points. The surrounding Great Falls area includes retail, restaurants, banking, postal services, the library, and community amenities at Great Falls Village Centre. The location also provides access toward Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- Unit H offers approximately 1,350 square feet and is fully leased
- Unit G provides approximately 1,250 square feet of vacant office space
- Unit H was renovated in 2022 and is configured as suites H‑1 and H‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,217
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,340
$984.3K
Cap Rate 7%
$703,100
$703.1K
Cap Rate 9%
$546,856
$546.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$76.8K $29.52/SF
− Vacancy
−$11.1K −$4.28/SF
EGI
$65.6K $25.24/SF
− OpEx
−$16.4K −$6.31/SF
NOI
$49.2K $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%
$984,340
Cap Rate 7%
$703,100
Cap Rate 9%
$546,856
Alternative Uses
Best Use
Office B
$703.1K
$615.2K – $820.3K
NOI $49,217 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.90M
$9.54M – $12.71M
NOI $762,899 @ 7.0% cap · market cap 117.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two privately entered suites offer owner-user occupancy, leased income, and adaptable professional office layouts.
Where is this office unit located?
The property is located at 1146 WALKER RD #G&H G&H Great Falls, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Unit H offers approximately 1,350 square feet and is fully leased; Unit G provides approximately 1,250 square feet of vacant office space; Unit H was renovated in 2022 and is configured as suites H‑1 and H‑2
