Office Suite for
For Sale
$450,000
7115 Leesburg Pike #317, Falls Church, VA 22043
For sale office suite in Fairfax County, offered as a dedicated unit within an established commercial setting.
Property Size1,126 SF
Price / SF$399.64
Days on Market461
Property Features for 7115 Leesburg Pike #317
General Information
Standard status
Active
Size
1,126 SF
Total Parking Spaces
50
Taxes and HOA fees
Annual Taxes
$4,766
Amenities
Forced Air, Electric
Electric Water Heater
Building Details
Building Size
1,126 SF
Year Built
1966
Listing Agency:
Long & Foster Real Estate, Inc.
(202) 390-1220
Listed By:
Hoda Martorana
(202) 390-1220
Source:
Evrealestate
Added: May 6, 2025
Changed: Aug 8
Last Checked: Aug 8 at 7:51AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This listing is for an office suite within a commercial real estate property, marketed for sale as a dedicated unit. The offering is sized at 1,126 square feet and is presented specifically as office space.
The suite is located at 7115 Leesburg Pike #317 in Falls Church, Virginia 22043, in Fairfax County. This address provides straightforward identification for viewing and underwriting discussions.
As a compact, dedicated office unit, it may fit professional users that want their own suite configuration rather than shared or open-plan space. It can also appeal to investors or owner-operators seeking to acquire a specific office unit with a defined footprint. Prospective tenants and buyers should review the suite’s layout and any building rules during their due diligence, since the listing data provided focuses on the unit offering and size rather than interior buildout details.
The suite is located at 7115 Leesburg Pike #317 in Falls Church, Virginia 22043, in Fairfax County. This address provides straightforward identification for viewing and underwriting discussions.
As a compact, dedicated office unit, it may fit professional users that want their own suite configuration rather than shared or open-plan space. It can also appeal to investors or owner-operators seeking to acquire a specific office unit with a defined footprint. Prospective tenants and buyers should review the suite’s layout and any building rules during their due diligence, since the listing data provided focuses on the unit offering and size rather than interior buildout details.
Key Highlights
- Office suite offered as a dedicated unit within an established commercial setting in Fairfax County
- Forced air, electric heating system
- Electric water heater
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
$21,315
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
4.74%
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%
$426,300
$426.3K
Cap Rate 7%
$304,500
$304.5K
Cap Rate 9%
$236,833
$236.8K
Market Conditions
NOI Build-Up for 1,126 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
$33.2K $29.52/SF
− Vacancy
−$4.8K −$4.28/SF
EGI
$28.4K $25.24/SF
− OpEx
−$7.1K −$6.31/SF
NOI
$21.3K $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%
$426,300
Cap Rate 7%
$304,500
Cap Rate 9%
$236,833
Alternative Uses
Best Use
Office B
$304.5K
$266.4K – $355.3K
NOI $21,315 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.72M
$4.13M – $5.51M
NOI $330,394 @ 7.0% cap · market cap 73.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
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 - For sale office suite in Fairfax County, offered as a dedicated unit within an established commercial setting.
Where is this office units located?
The property is located at 7115 Leesburg Pike #317 Falls Church, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Office suite offered as a dedicated unit within an established commercial setting in Fairfax County; Forced air, electric heating system; Electric water heater
