Two-Building Retail and Office
For Sale
$5,400,000
344 Maple Avenue East, Vienna, VA 22180
Two freestanding buildings with prominent retail frontage, flexible rear space, and 26 on-site parking spaces.
Property Size8,000 SF
Price / SF$675
Days on Market49
Property Features for 344 Maple Avenue East
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
26
Property subtype
Free Standing Building
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Building Size
8,000 SF
Listing Agency:
eXp Commercial | Maryland
(973) 668-9808
Listed By:
Brian C. Perry, MBA, Veteran
(973) 668-9808
Source:
Thebrokerlist
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 5:48AM
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 eXp Commercial | Maryland
Investment Insights
Based on property information with market context.
The property features two freestanding commercial buildings totaling approximately 8,000 SF of gross building area. The front building provides retail visibility along Maple Avenue, while the rear building offers flexible office, service, or owner-user space. The site includes 26 on-site parking spaces.
The buildings are positioned directly on Maple Avenue East, a primary commercial corridor carrying approximately 31,000 to 34,000 vehicles per day. The property is described as being across from established retail, surrounded by restaurants, professional services, residential neighborhoods, and ongoing redevelopment and mixed-use investment along the corridor.
The property is currently occupied through January 10, 2028 and generates approximately $192,000 in annual gross income. The tenant has expressed openness to discussing a market-rate renewal or a mutually acceptable buyout or early-termination arrangement.
The buildings are positioned directly on Maple Avenue East, a primary commercial corridor carrying approximately 31,000 to 34,000 vehicles per day. The property is described as being across from established retail, surrounded by restaurants, professional services, residential neighborhoods, and ongoing redevelopment and mixed-use investment along the corridor.
The property is currently occupied through January 10, 2028 and generates approximately $192,000 in annual gross income. The tenant has expressed openness to discussing a market-rate renewal or a mutually acceptable buyout or early-termination arrangement.
Key Highlights
- Two freestanding commercial buildings totaling approx. 8,000 SF GBA on Maple Avenue East in Vienna.
- Front retail presence with flexible rear commercial/office or owner‑user space.
- 26 on‑site parking spaces for customer and tenant 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
$219,413
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
4.06%
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%
$4,388,260
$4.4M
Cap Rate 7%
$3,134,471
$3.1M
Cap Rate 9%
$2,437,922
$2.4M
Market Conditions
NOI Build-Up for 8,000 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
$324.5K $40.56/SF
− Vacancy
−$11.0K −$1.38/SF
EGI
$313.4K $39.18/SF
− OpEx
−$94.0K −$11.75/SF
NOI
$219.4K $27.43/SF
Area
Fairfax County, VA
Vacancy
3.40%
Lease Rate
$40.56 /SF/Yr
Expense Ratio
30.00%
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%
$4,388,260
Cap Rate 7%
$3,134,471
Cap Rate 9%
$2,437,922
Alternative Uses
Best Use
Retail
$3.13M
$2.74M – $3.66M
NOI $219,413 @ 7.0% cap · market cap 4.06%
Second Best
Office B
$2.16M
$1.89M – $2.52M
NOI $151,438 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$33.53M
$29.34M – $39.12M
NOI $2,347,380 @ 7.0% cap · market cap 43.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,939
Businesses Nearby
Explore this area
Business Placement
Demographics for 22180, VA
26,666
Population
10,013
Households
2.7
Avg Household Size
38
Median Age
76%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
4,520
Density / Sq Mi
$181,467
Median Household Income
$90,369
Median Earnings
$2,335
Median Rent
$916,900
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?
Retail space - Two freestanding buildings with prominent retail frontage, flexible rear space, and 26 on-site parking spaces.
Where is this retail space located?
The property is located at 344 Maple Avenue East Vienna, VA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Two freestanding commercial buildings totaling approx. 8,000 SF GBA on Maple Avenue East in Vienna.; Front retail presence with flexible rear commercial/office or owner‑user space.; 26 on‑site parking spaces for customer and tenant use.
