Office Suite with Meeting
For Sale
$450,000
317-7115 Leesburg Pike, Falls Church, VA
Light-filled office suite with private offices, reception, and dedicated meeting space in a professionally managed building.
Property Size1,200 SF
Price / SF$375
Days on Market478
Property Features for 317-7115 Leesburg Pike
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,766
Listing Agency:
Long & Foster Real Estate, Inc.
(202) 390-1220
Listed By:
Hoda Martorana
(202) 390-1220
Source:
Exprealty
Added: May 6, 2025
Changed: Aug 21
Last Checked: Aug 25 at 10:50AM
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.
Unit 317 is a well-maintained office suite inside a professional office building. The space is configured with private offices, a reception area, and a dedicated meeting or conference room, supported by a spacious, light-filled layout. The building provides elevator access and on-site parking for tenants and guests, with professional building management.
The property is located at 7115 Leesburg Pike in Falls Church, with convenient access to I-66, I-495, and Route 7. The surrounding area includes nearby business and service amenities, including restaurants, banks, and retail, and it is described as being close to Tysons Corner.
This suite is well suited for businesses seeking a centrally located office presence, including legal, financial, medical, and general office operations. The combination of reception space, private offices, and a dedicated conference room supports client-facing work and team meetings, while elevator access and parking help accommodate both staff and visitors.
The property is located at 7115 Leesburg Pike in Falls Church, with convenient access to I-66, I-495, and Route 7. The surrounding area includes nearby business and service amenities, including restaurants, banks, and retail, and it is described as being close to Tysons Corner.
This suite is well suited for businesses seeking a centrally located office presence, including legal, financial, medical, and general office operations. The combination of reception space, private offices, and a dedicated conference room supports client-facing work and team meetings, while elevator access and parking help accommodate both staff and visitors.
Key Highlights
- Office suite Unit 317 in a professional office building at 7115 Leesburg Pike, Falls Church
- 1,200 SF workspace with a light‑filled layout and private offices
- Includes reception area and a dedicated meeting/conference space
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
$22,716
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
5.05%
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%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 1,200 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
$35.4K $29.52/SF
− Vacancy
−$5.1K −$4.28/SF
EGI
$30.3K $25.24/SF
− OpEx
−$7.6K −$6.31/SF
NOI
$22.7K $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%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 5.05%
Second Best
Healthcare Medical
$312.4K
$273.3K – $364.4K
NOI $21,866 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,107 @ 7.0% cap · market cap 78.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
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 - Light-filled office suite with private offices, reception, and dedicated meeting space in a professionally managed building.
Where is this office units located?
The property is located at 317-7115 Leesburg Pike 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 Unit 317 in a professional office building at 7115 Leesburg Pike, Falls Church; 1,200 SF workspace with a light‑filled layout and private offices; Includes reception area and a dedicated meeting/conference space
