First-Floor Office
12504a Lake Ridge Drive # A, Lake Ridge, VA 22192
For Sale
New
$399,000
Configured with private offices, a reception area, conference room, kitchenette, restrooms, and storage.
Property Size4,800 SF
Price / SF$221.67
Days on Market2
Property Features for 12504a Lake Ridge Drive # A
General Information
Standard status
Size
Zoning
Additional Details
Floor
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Yes
No
2
Public
0.00
Estimated
Parking Lot
100
4800.00
Building Details
Building Size
Year Built
Listing Agency:
Norman Realty, Inc.
(703) 368-2186
Listed By:
John E Walvius · License VA #0225049864
(703) 625-6113
Source:
Thevasquezgrouprealtors
Added: Nov 12
Last Checked: Nov 13 at 7:54AM
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 Norman Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot office suite is on the first floor and includes four offices, a spacious reception and waiting area, and a conference room with 12-foot ceilings. A kitchenette bar, two restrooms, and a storage room that can serve as an additional office round out the interior. Parking is available directly outside the entrance.
The suite is within a professional office park convenient to Lake Ridge and Woodbridge, with access to I-95. The property is zoned PLANNED COMMUNITY and was built in 1982.
The suite is within a professional office park convenient to Lake Ridge and Woodbridge, with access to I-95. The property is zoned PLANNED COMMUNITY and was built in 1982.
Key Highlights
- 1,800‑square‑foot first‑floor office suite
- Four private offices plus a storage room that can function as an additional office
- 12‑foot‑high conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,742
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,840
$634.8K
Cap Rate 7%
$453,457
$453.5K
Cap Rate 9%
$352,689
$352.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$43.6K $24.24/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$42.3K $23.51/SF
− OpEx
−$10.6K −$5.88/SF
NOI
$31.7K $17.63/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$24.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,840
Cap Rate 7%
$453,457
Cap Rate 9%
$352,689
Alternative Uses
Best Use
Office B
$453.5K
$396.8K – $529.0K
NOI $31,742 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.6K
$462.6K – $616.7K
NOI $37,004 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 22192, VA
60,299
Population
21,290
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
19.2 sq mi
ZIP Area
3,141
Density / Sq Mi
$122,005
Median Household Income
$60,918
Median Earnings
$2,012
Median Rent
$465,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Prince William County, VA
Properties on Market for Office Units in Prince William County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, a reception area, conference room, kitchenette, restrooms, and storage.
Where is this office unit located?
The property is located at 12504a Lake Ridge Drive # A Lake Ridge, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,800‑square‑foot first‑floor office suite; Four private offices plus a storage room that can function as an additional office; 12‑foot‑high conference room
