Renovated Office
For Sale
$350,000
1146 Walker Rd, Great Falls, VA 22066
Two separately accessed suites feature windowed offices, laminate flooring, recessed lighting, and high ceilings.
Property Size1,350 SF
Price / SF$259.26
Days on Market79
Property Features for 1146 Walker Rd
General Information
Standard status
Active
Size
1,350 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Amenities
signage
Building Details
Year Built
1986
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Samson Properties
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Source:
Honorableservicerealty
Added: Jul 30
Changed: Sep 14
Last Checked: Oct 7 at 4:05PM
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
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Investment Insights
Based on property information with market context.
Office Unit H is an approximately 1,350-square-foot condominium renovated in 2022 and currently leased. The space is arranged as two suites, H-1 and H-2, reached from a shared corridor. H-1 includes four windowed offices and an open sitting area, while H-2 provides two windowed offices. Laminate flooring, recessed lighting, high ceilings, and a common corridor restroom complete the configuration. The building dates to 1986.
Signage is available on the building, with additional monument signage at the main entrance. Parking includes customer spaces near the front and employee spaces at the rear. Access is provided from Route 7/Leesburg Pike through two entrances. The property is near Great Falls Village Centre, Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library, with regional access to Dulles International Airport, the Silver Line Metro, and I-495.
Signage is available on the building, with additional monument signage at the main entrance. Parking includes customer spaces near the front and employee spaces at the rear. Access is provided from Route 7/Leesburg Pike through two entrances. The property is near Great Falls Village Centre, Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library, with regional access to Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- Approximately 1,350 square feet; renovated in 2022
- Currently leased and configured as two suites, H‑1 and H‑2
- H‑1 has four windowed offices; H‑2 has two windowed offices
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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Property Analytics
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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 units - Two separately accessed suites feature windowed offices, laminate flooring, recessed lighting, and high ceilings.
Where is this office units located?
The property is located at 1146 Walker Rd 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: Approximately 1,350 square feet; renovated in 2022; Currently leased and configured as two suites, H‑1 and H‑2; H‑1 has four windowed offices; H‑2 has two windowed offices
