Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5719 Centre Square Dr, Unit 10 Centreville, VA 20120

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,750 /Mo

    Updated condo unit in Centre Square, suitable for various uses.

    Property Features for 5719 Centre Square Dr

    General Information

    Standard status
    Active

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Jina Hwang
    Source: Corcoran

    Listing Agency: BH Investment Realty. Inc. Listing Agent: Jina Hwang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Centre Square Condo Updated Unit

    This updated condo unit is located in Centre Square. The unit, situated on the 2nd floor, offers approximately 1000 square feet of space and features wood floors. Its location is near routes 29 and 28. The property is zoned C8, which allows for personal service, retail, schools, office, and medical uses. The unit is currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ESTHEMAXBEAUTYCENTER Medical Clinic Jose R. Charcon, ... Physician Jose Charcon Physician Esther Skincare Medical Clinic 반디맨 (Bandy Men’s) Clothing Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4298391
    Latitude
    38.8399678

    Nearby Similar for Lease

    • $3,479 /Mo

      Move-In Ready End-Unit Office

      Prime office space suitable for educational or medical use.
      14631 Rte 29, Centreville, VA 20121
      View Details
    • $2,400 /Mo

      Centreville Office Space Available

      Versatile office space suitable for medical or professional use.
      5717 Centre Square Dr, Centreville, VA 20120
      View Details
    • $20 SF/Yr

      Centreville Office Condo For Lease

      Professional office condo with abundant natural light and convenient location.
      14701 Rte 29, Centreville, VA 20121
      View Details
    • $25 SF/Yr
      1,181 SF

      Inviting Entry-Level Office Space

      Spacious office with natural light, convenient location, and signage.
      6134-6138 Redwood Square Ctr, Centreville, VA 20121
      View Details
    • Contact for pricing
      2,784 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease with high visibility.
      5077-5111 Westfields Blvd, Centreville, VA 20120
      View Details
    • Contact for pricing

      Restaurant Space For Lease

      2,784 SF second generation restaurant space available for lease.
      5037 Westfields Blvd, Centreville, VA 20120
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Village Center

      Retail space available in a convenient shopping destination.
      5601 Stone Rd, Centreville, VA 20120
      View Details
    • Contact for pricing
      2,784 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease with high visibility.
      5035 Westfields Blvd, Centreville, VA 20120
      View Details
    • $1,950 /Mo

      Move-in Ready Office Condo

      Modern office condo with excellent connectivity and healthcare-ready features.
      14637 Lee Hwy, Centreville, VA 20121
      View Details
    • Contact for pricing
      6,108 SF

      Centreville Office Space for Rent

      Office space with lake views, amenities, and tenant-focused ownership.
      5875 Trinity Pkwy, Centreville, VA 20120
      View Details
    • Contact for pricing
      18,886 SF

      Centreville Office Space For Rent

      Office space with lake views and tenant-focused amenities.
      5870 Trinity Pkwy, Centreville, VA 20120
      View Details
    • Contact for pricing
      3,226 SF

      Centreville Office Space For Rent

      Office space available in a convenient shopping destination.
      5667-5675 Stone Rd, Centreville, VA 20120
      View Details

    FAQs

    What type of property is this?
    Office space - Updated condo unit in Centre Square, suitable for various uses.
    Where is this office space located?
    The property is located at 5719 Centre Square Dr, Unit 10 Centreville, VA.
    What is the lease rate?
    The lease rate is $1,750 /Mo.
    What are key features of this property?
    This property features: - Great location next to highways 29 and 28; - Updated 2nd-floor condo unit; - C8 zoning allows for personal service, retail, schools, office, and medical uses
    (703) 854-1455
    Request Owner's contact information
    5719 Centre Square Dr, Unit 10 Centreville, VA 20120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5719 Centre Square Dr, Unit 10
    Centreville, VA 20120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5719 Centre Square Dr, Unit 10 Centreville, VA 20120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jina Hwang
    (703) 854-1455 (703) 608-4729
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!