Office Condo
124 E Broad St Falls Church, VA 22046
124 E Broad St, Falls Church, VA, 22046
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For Sale
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Own a modern office suite with multiple private offices, kitchenette, and an in-suite restroom for flexible professional use.
Property Size1,100 SF
Price / SF$295.45
Days on Market49
Property Features for 124 E Broad St
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
Divaris Real Estate Inc DC Regional Office
Listed by
Kathy Killion · License #DC SP98368671
Source
Crexi
Added: Jun 4 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 11:26AM
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 Divaris Real Estate Inc DC Regional Office
Investment Insights
Based on property information with market context.
This modern office condo suite is designed for private, day-to-day operations. The interior includes multiple offices, a kitchenette, and a private restroom. Newer operable windows provide abundant natural light and fresh air, and the flexible layout supports a range of professional environments.
Located at 124 E Broad St in Falls Church, the suite is positioned across from the new Whole Foods within a premier commercial corridor. The address provides strong daily visibility, with nearby dining and retail amenities that can support both staff and clients.
For an owner-user, the combination of multiple offices and an in-suite restroom offers practical space planning for professional services. The flexible configuration is also well-suited for wellness and therapy-related uses, as well as traditional office functions. Buyers looking for an office condominium can consider this suite as a turnkey option with the core improvements already in place for immediate occupancy.
Located at 124 E Broad St in Falls Church, the suite is positioned across from the new Whole Foods within a premier commercial corridor. The address provides strong daily visibility, with nearby dining and retail amenities that can support both staff and clients.
For an owner-user, the combination of multiple offices and an in-suite restroom offers practical space planning for professional services. The flexible configuration is also well-suited for wellness and therapy-related uses, as well as traditional office functions. Buyers looking for an office condominium can consider this suite as a turnkey option with the core improvements already in place for immediate occupancy.
Key Highlights
- Modern office condo built in 1987
- Office suite includes multiple private offices
- Includes a kitchenette
Local 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 | $32.5k | $29.52 |
| − Vacancy | −$4.7k | −$4.28 |
| EGI | $27.8k | $25.24 |
| − OpEx | −$6.9k | −$6.31 |
| NOI | $20.8k | $18.93 |
1,100 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$297.5K
$260.3K – $347.1K
NOI $20,823 @ 7.0% cap · market cap 6.41%
Second Best
Healthcare Medical
$286.3K
$250.6K – $334.1K
NOI $20,044 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$4.61M
$4.03M – $5.38M
NOI $322,765 @ 7.0% cap · market cap 99.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yoony Kim - State ...
Insurance Agency
Carlyn Davis Casting ...
Employment Agency
Amy Bouldin
Counselor
Kiera Guralnik
Counselor
Jami Hill-Smith
Physician
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FAQs
What type of property is this?
Office units - Own a modern office suite with multiple private offices, kitchenette, and an in-suite restroom for flexible professional use.
Where is this office units located?
The property is located at 124 E Broad St Falls Church, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Modern office condo built in 1987; Office suite includes multiple private offices; Includes a kitchenette
