Four-Unit Office Condo
For Sale
$2,900,000
12658-12660 Lake Ridge Drive, Woodbridge, VA 22192
Unified condominium layout supports professional, medical, and service-oriented office uses.
Property Size11,510 SF
Price / SF$251.95
Days on Market47
Property Features for 12658-12660 Lake Ridge Drive
General Information
Standard status
Active
Size
11,510 SF
Class
B
Property subtype
Office
Building Details
Building Size
11,510 SF
Listing Agency:
Weber Rector Commercial Real Estate Services, Inc.
Listed By:
Coleman Rector · License #VA #0225183392
(703) 929-0123
Source:
Weberrector
Added: Sep 4
Changed: Oct 4
Last Checked: Oct 19 at 5:21AM
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 Weber Rector Commercial Real Estate Services, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property combines four contiguous condominium units into a single suite measuring approximately 11,510 square feet. The consolidated layout provides the scale and internal flexibility of a larger workplace while maintaining condominium ownership, making it suitable for professional, medical, and service-oriented users.
The property is part of an established professional office community at 12658-12660 Lake Ridge Drive in Woodbridge, Virginia. Ample on-site parking and a business-oriented setting add practical support for daily operations and visitor access.
The property is part of an established professional office community at 12658-12660 Lake Ridge Drive in Woodbridge, Virginia. Ample on-site parking and a business-oriented setting add practical support for daily operations and visitor access.
Key Highlights
- Approx. 11,510 SF of combined office space
- Four adjoining office condominium units configured as one suite
- Condominium ownership with a unified office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,974
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,059,480
$4.1M
Cap Rate 7%
$2,899,629
$2.9M
Cap Rate 9%
$2,255,267
$2.3M
Market Conditions
NOI Build-Up for 11,510 SF
Gross rent
$279.0K $24.24/SF
− Vacancy
−$8.4K −$0.73/SF
EGI
$270.6K $23.51/SF
− OpEx
−$67.7K −$5.88/SF
NOI
$203.0K $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%
$4,059,480
Cap Rate 7%
$2,899,629
Cap Rate 9%
$2,255,267
Alternative Uses
Best Use
Office B
$2.90M
$2.54M – $3.38M
NOI $202,974 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,620 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
932
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Unified condominium layout supports professional, medical, and service-oriented office uses.
Where is this office unit located?
The property is located at 12658-12660 Lake Ridge Drive Woodbridge, VA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Approx. 11,510 SF of combined office space; Four adjoining office condominium units configured as one suite; Condominium ownership with a unified office layout
