Modern Office Condo
For Sale
$325,000
124 E Broad St Ste C2, Falls Church, VA 22046
Bright, flexible office space with operable windows, kitchenette, and private restroom—ideal for professional or wellness use.
Property Size1,100 SF
Price / SF$295.45
Days on Market69
Property Features for 124 E Broad St Ste C2
General Information
Standard status
Active
Size
1,100 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,100 SF
Year Built
1987
Listing Agency:
Divaris Real Estate | Washington DC
(571) 527-8293
Listed By:
Bakh Safarov · License #DC SP98368671
Source:
Divaris
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 3:10AM
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 | Washington DC
Investment Insights
Based on property information with market context.
This modern office condominium suite offers a bright, flexible layout with multiple offices, a kitchenette, and a private, stylish restroom. Newer operable windows bring in abundant natural light and fresh air, helping the space feel open and comfortable for daily work. At approximately 1,100 square feet, the configuration is well-suited to a range of professional needs, including wellness, therapy, or standard office use.
Located in the heart of Falls Church City at 124 E Broad St, the suite sits directly across from the new Whole Foods Market. The complex has visibility on Rt. 7 Leesburg Pike, and there are restaurants and shopping nearby. The address also supports convenient access to major highways and everyday neighborhood amenities.
As an owner-user opportunity, this suite is designed for practical day-to-day operations while offering an attractive combination of light, layout, and in-suite functionality. For investors, the property’s strong retail-adjacent setting in a premier commercial corridor may help support ongoing demand from professional and service-oriented tenants seeking a polished office environment. Condo fees are reported at $280 per month.
Located in the heart of Falls Church City at 124 E Broad St, the suite sits directly across from the new Whole Foods Market. The complex has visibility on Rt. 7 Leesburg Pike, and there are restaurants and shopping nearby. The address also supports convenient access to major highways and everyday neighborhood amenities.
As an owner-user opportunity, this suite is designed for practical day-to-day operations while offering an attractive combination of light, layout, and in-suite functionality. For investors, the property’s strong retail-adjacent setting in a premier commercial corridor may help support ongoing demand from professional and service-oriented tenants seeking a polished office environment. Condo fees are reported at $280 per month.
Key Highlights
- Modern office condo approx. 1,100 SF with multiple offices plus a private restroom and kitchenette
- Newer operable windows for natural light and fresh air
- Flexible interior layout suited for professional office or wellness/therapy use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,823
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,460
$416.5K
Cap Rate 7%
$297,471
$297.5K
Cap Rate 9%
$231,367
$231.4K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$32.5K $29.52/SF
− Vacancy
−$4.7K −$4.28/SF
EGI
$27.8K $25.24/SF
− OpEx
−$6.9K −$6.31/SF
NOI
$20.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,460
Cap Rate 7%
$297,471
Cap Rate 9%
$231,367
Alternative Uses
Best Use
Office B
$297.5K
$260.3K – $347.1K
NOI $20,823 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 22046, VA
18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
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 - Bright, flexible office space with operable windows, kitchenette, and private restroom—ideal for professional or wellness use.
Where is this office units located?
The property is located at 124 E Broad St Ste C2 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 approx. 1,100 SF with multiple offices plus a private restroom and kitchenette; Newer operable windows for natural light and fresh air; Flexible interior layout suited for professional office or wellness/therapy use
