4-Unit Office Condo
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 Market55
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) 929-0123
Source:
Crexi
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 24 at 6:10PM
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.
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 / 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
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
Frequently Asked Questions
What type of property is this?
Office unit - Unified professional office layout with on-site parking and access to established business, retail, dining, and residential areas.
Where is this office unit 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
