Renovated Office Condo with Two
For Sale
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1146H Walker Road, Great Falls, VA 22066
Renovated office condominium configured as two suites with shared corridor access and nearby customer parking.
Property Size1,350 SF
Price / SF$259.26
Days on Market108
Property Features for 1146H Walker Road
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Office
Occupancy
100%
Additional Details
Business Included
Yes
Office Units
2
Building Details
Year Built
1986
Year Renovated
2022
Units
1
Tenancy
Multi
Listing Agency:
Samson Properties
Listed By:
Bonnie Wolfe · License #0225078568
(703) 930-5692
Source:
Crexi
Added: Jul 2
Changed: Oct 8
Last Checked: Oct 16 at 6:48AM
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.
This upscale professional office condominium is offered as Unit H at Leigh Corners Office Park. The unit has been renovated in 2022 and is currently configured as two separate office suites, H-1 and H-2, accessed from a shared corridor. The interior includes laminate flooring, recessed lighting, and high ceilings. Suite H-1 features four windowed offices plus an open sitting area. Suite H-2 includes two windowed offices and is white-boxed. A common restroom is located in the corridor for convenient tenant and visitor use. Building signage is available, along with monument signage at the main entrance.
Ample free parking serves both customers and employees, with customer parking in front and additional employee parking at the rear. The property offers convenient access from Route 7/Leesburg Pike via two access points. The Leigh Corners Office Park location places the building just minutes from Great Falls Village Centre, with nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Unit H is well suited for an owner-user who wants an office condo that can be operated as one space or split into two suites. The unit is fully leased at the time of sale, and the existing tenants have expressed interest in remaining for a period of time. The unit may also be purchased along with Unit G, providing an option to expand an office footprint within the same managed condominium community.
Ample free parking serves both customers and employees, with customer parking in front and additional employee parking at the rear. The property offers convenient access from Route 7/Leesburg Pike via two access points. The Leigh Corners Office Park location places the building just minutes from Great Falls Village Centre, with nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Unit H is well suited for an owner-user who wants an office condo that can be operated as one space or split into two suites. The unit is fully leased at the time of sale, and the existing tenants have expressed interest in remaining for a period of time. The unit may also be purchased along with Unit G, providing an option to expand an office footprint within the same managed condominium community.
Key Highlights
- 1986‑built office condominium in Leigh Corners Office Park, Unit H, approximately 1,350 SF and fully leased
- Renovated in 2022; Unit H is configured as two suites (H‑1 and H‑2) accessed from a shared corridor
- Interior includes laminate flooring, recessed lighting, and high ceilings
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
Turnkey business
Opportunity
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Renovated office condominium configured as two suites with shared corridor access and nearby customer parking.
Where is this office units located?
The property is located at 1146H 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: 1986‑built office condominium in Leigh Corners Office Park, Unit H, approximately 1,350 SF and fully leased; Renovated in 2022; Unit H is configured as two suites (H‑1 and H‑2) accessed from a shared corridor; Interior includes laminate flooring, recessed lighting, and high ceilings
