Modern Office Condo
124 E Broad St Ste C2, Falls Church, VA 22046
For Sale
$325,000
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 Market162
Property Features for 124 E Broad St Ste C2
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Divaris Real Estate - Richmond
Listed By:
Bakh Safarov
(571) 527-8293
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 - Richmond
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Investment Insights
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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 / Yr
$20,823
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
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
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 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
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
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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
$963,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Falls Church, VA
Properties on Market for Office Units in Falls Church
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Bright, flexible office space with operable windows, kitchenette, and private restroom—ideal for professional or wellness use.
Where is this office unit 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
