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

    4208 Evergreen Ln, Unit 233 Annandale, VA 22003

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,000 /Mo

    Office unit for rent with easy highway access.

    Property Features for 4208 Evergreen Ln

    General Information

    Property type
    Commercial
    Standard status
    Active

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Ki S Yoon
    Source: Elliman

    Listing Agency: PACIFIC REALTY Listing Agent: Ki S Yoon

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

    Learn more

    Overview

    Office Space in Annandale

    This office unit is located in Annandale, offering convenient access to I-495, 395, Route 236, and Columbia Pike, as well as various shopping and dining options. The property features unassigned ample parking and a newer HVAC system. For tenants signing leases of two or more years, the landlord is offering new carpet and paint. Unit 234 is also available for sale and for rent.
    Location Intelligence

    Current Use by Public Records

    Annandale Primary Care Medical Clinic Nationwide Insurance: Lim'S ... Insurance Agency Connie Le, MD Physician Annandale Ob-Gyn Medical Group Mr. Je Yoo Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1876132
    Latitude
    38.8329048

    Nearby Similar for Lease

    • $700 /Mo

      Annandale Office Space For Rent

      Private office in Annandale with easy access to major highways.
      7002 Little River Tpke, Annandale, VA 22003
      View Details
    • $750 /Mo

      Annandale Private Office for Lease

      Private office in Annandale, convenient location near major highways.
      7002 Little River Tpke, Annandale, VA 22003
      View Details
    • $1,797 /Mo

      Annandale Office Space For Rent

      Professional office space available in Annandale, Virginia.
      7002 Evergreen Ct, Annandale, VA 22003
      View Details
    • New
      $700 /Mo

      Annandale Retail or Office Space

      Commercial space for lease in central Annandale, Virginia.
      4121 Chatelain Rd, Annandale, VA 22003
      View Details
    • New
      $4,000 /Mo
      23,522 SF

      Annandale Retail/Office Space Available

      Freestanding building in prime Annandale location, retail or office.
      4119 Chatelain Rd, Annandale, VA 22003
      View Details
    • New
      $2,750 /Mo

      Annandale Office Space For Rent

      Renovated office space in the heart of Annandale, Virginia.
      7535 Little River Tpke, Annandale, VA 22003
      View Details
    • New
      $1,000 /Mo

      Annandale Retail or Office Space

      Retail or office space available in central Annandale location.
      4121 Chatelain Rd, Annandale, VA 22003
      View Details
    • $1,850 /Mo

      Annandale Office Condo For Lease

      Move-in ready office condo with new renovations in Annandale.
      7361 Mcwhorter Pl, Annandale, VA 22003
      View Details
    • $575 /Mo

      Office Space For Lease

      Office space available with utilities and WiFi included.
      7361 Mcwhorter Pl, Annandale, VA 22003
      View Details
    • $4,000 /Mo

      Annandale Retail/Office Freestanding Building

      Freestanding building in central Annandale with parking.
      4119 Chatelain Rd, Annandale, VA 22003
      View Details
    • $1,000 /Mo

      Annandale Retail or Office Space

      Retail or office space in central Annandale location.
      4121 Chatelain Rd, Annandale, VA 22003
      View Details
    • $2,900 /Mo

      Annandale Office Space For Rent

      Office space in Annandale business district with ample parking.
      7006 Little River Tpke, Annandale, VA 22003
      View Details

    FAQs

    What type of property is this?
    Office units - Office unit for rent with easy highway access.
    Where is this office units located?
    The property is located at 4208 Evergreen Ln, Unit 233 Annandale, VA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: - Excellent location in Annandale with easy access to I-495, 395, and RT 236.; - Proximity to Columbia Pike, shopping, and restaurants.; - Newer HVAC system.
    (703) 266-3828
    Request Owner's contact information
    4208 Evergreen Ln, Unit 233 Annandale, VA 22003
    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.
    4208 Evergreen Ln, Unit 233
    Annandale, VA 22003
    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
    4208 Evergreen Ln, Unit 233 Annandale, VA 22003
    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
    Ki S Yoon
    (703) 266-3828 (703) 989-8877 (407) 340-0303
    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!