Renovated Office Condominium
For Sale
$350,000
1146 Walker Road, Great Falls, VA 22066
Renovated office condominium configured as two suites with windowed offices, shared corridor access, and onsite parking.
Property Size1,350 SF
Price / SF$259.26
Days on Market98
Property Features for 1146 Walker Road
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Office
Occupancy
100%
Additional Details
Office Units
2
Building Details
Year Built
1986
Year Renovated
2022
Listing Agency:
(703) 930-5692
Listed By:
Samson Properties
(703) 930-5692
Source:
Xome
Added: Apr 30
Changed: Jul 10
Last Checked: Aug 5 at 4:32AM
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
Investment Insights
Based on property information with market context.
This renovated professional office condominium offers a flexible, two-suite configuration currently laid out as Suite H-1 and Suite H-2 with shared corridor access. The interior improvements include laminate flooring, recessed lighting, and high ceilings throughout. Suite H-1 features four windowed offices plus a generous open sitting area, while Suite H-2 includes two windowed offices. A common restroom is conveniently located off the corridor.
The property is part of the Leigh Corners Office Park and includes building signage availability along with monument signage at the main entrance. Parking is available for both customers and employees, with convenient customer parking in front and additional employee parking at the rear. The office park provides access from Route 7/Leesburg Pike through two access points, and the property is located minutes from Great Falls Village Centre.
For tenants, owner-users, and investors, the unit’s existing suite separation supports a variety of arrangements while keeping common area access straightforward. The current setup is also designed for day-to-day office use, with multiple windowed offices and shared amenities in a managed office park setting. Existing tenants have indicated interest in remaining for a period of time, which may support continuity for an incoming owner.
The property is part of the Leigh Corners Office Park and includes building signage availability along with monument signage at the main entrance. Parking is available for both customers and employees, with convenient customer parking in front and additional employee parking at the rear. The office park provides access from Route 7/Leesburg Pike through two access points, and the property is located minutes from Great Falls Village Centre.
For tenants, owner-users, and investors, the unit’s existing suite separation supports a variety of arrangements while keeping common area access straightforward. The current setup is also designed for day-to-day office use, with multiple windowed offices and shared amenities in a managed office park setting. Existing tenants have indicated interest in remaining for a period of time, which may support continuity for an incoming owner.
Key Highlights
- Renovated professional office condominium (Unit H) in Leigh Corners Office Park, built in 1986
- Unit H is approximately 1,350 SF and configured as two suites (H‑1 and H‑2) accessed from a shared corridor
- Suite H‑1 includes four windowed offices plus a generous open sitting area; Suite H‑2 includes two windowed offices
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
28
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated office condominium configured as two suites with windowed offices, shared corridor access, and onsite parking.
Where is this office units located?
The property is located at 1146 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: Renovated professional office condominium (Unit H) in Leigh Corners Office Park, built in 1986; Unit H is approximately 1,350 SF and configured as two suites (H‑1 and H‑2) accessed from a shared corridor; Suite H‑1 includes four windowed offices plus a generous open sitting area; Suite H‑2 includes two windowed offices
