4-Unit Office Condo
New
For Sale
Contact for pricing
12658 Lake Ridge Drive, Woodbridge, VA 22192
Unified professional office layout with on-site parking and access to established business, retail, dining, and residential areas.
Property Size11,510 SF
Price / SF$251.95
Days on Market7
Property Features for 12658 Lake Ridge Drive
General Information
Standard status
Active
Size
11,510 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Weber Rector Commercial Real Estate Services, Inc.
Listed By:
Coleman Rector · License #0225200138
(703) 330-1224
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 8 at 5:20AM
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.
Investment Insights
Based on property information with market context.
Four contiguous office condominium units have been combined into a single 11,510-square-foot suite with an integrated floor plan. The configuration supports professional, medical, and service-oriented office use while retaining condominium ownership. Ample on-site parking serves the property within an established professional office community.
Positioned on Lake Ridge Drive in Woodbridge, the office is accessible from Old Bridge Road, Minnieville Road, and I-95. The surrounding area includes established retail centers, restaurants, everyday services, and dense residential neighborhoods. An owner-user can take occupancy upon closing, while the property also offers a seller leaseback structure for an investor purchaser, subject to the stated terms.
Positioned on Lake Ridge Drive in Woodbridge, the office is accessible from Old Bridge Road, Minnieville Road, and I-95. The surrounding area includes established retail centers, restaurants, everyday services, and dense residential neighborhoods. An owner-user can take occupancy upon closing, while the property also offers a seller leaseback structure for an investor purchaser, subject to the stated terms.
Key Highlights
- Four contiguous office condo units combined into one 11,510 SF suite
- Integrated layout suited to professional, medical, and service‑oriented office uses
- Ample on‑site parking within an established professional office community
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
$202,974
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
7.00%
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%
$4,059,480
$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
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
$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 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%
$4,059,480
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Unified professional office layout with on-site parking and access to established business, retail, dining, and residential areas.
Where is this office units located?
The property is located at 12658 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: Four contiguous office condo units combined into one 11,510 SF suite; Integrated layout suited to professional, medical, and service‑oriented office uses; Ample on‑site parking within an established professional office community
