Office Building in B-2
For Sale
$2,900,000
105 MAPLE AVENUE N, Falls Church, VA 22046
Zoned B-2 (Central Business District) with use flexibility for office, medical, retail, personal service, and restaurant.
Property Size6,400 SF
Price / SF$453.13
Days on Market56
Property Features for 105 MAPLE AVENUE N
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Office
Zoning
B-2
Amenities
Central Air
3
No Parking.
Other.
Building Details
Year Built
1967
Listing Agency:
Tartan Properties, Inc.
(703) 836-6555
Listed By:
Michael Porterfield · License #0225044112
(703) 836-6555
Source:
Xome
Added: Jun 30
Changed: Aug 23
Last Checked: Aug 24 at 3:14AM
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 Tartan Properties, Inc.
Investment Insights
Based on property information with market context.
This property, offered for sale at 105 N Maple Ave in Falls Church, is positioned as an office building with commercial flexibility under B-2 (Central Business District) zoning. The public remarks indicate the zoning supports a broad range of commercial uses by right, including office, medical, retail, personal service, and restaurant uses.
The listing describes the site as being in the heart of Falls Church and highlights a dense, established trade area, including 160,000 residents within a 3-mile radius. It also references strong household income levels in the immediate area.
For buyers looking for an office-focused property with adaptable use permissions under B-2, this configuration may support a variety of operating models within the permitted by-right framework stated in the offering.
The listing describes the site as being in the heart of Falls Church and highlights a dense, established trade area, including 160,000 residents within a 3-mile radius. It also references strong household income levels in the immediate area.
For buyers looking for an office-focused property with adaptable use permissions under B-2, this configuration may support a variety of operating models within the permitted by-right framework stated in the offering.
Key Highlights
- Zoned B‑2 (Central Business District) with flexibility for multiple commercial uses by right.
- Permitted uses by right include office, medical, retail, personal service, and restaurant uses.
- Located in Falls Church with access to nearby restaurants and retail.
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
$121,150
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
4.18%
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%
$2,423,000
$2.4M
Cap Rate 7%
$1,730,714
$1.7M
Cap Rate 9%
$1,346,111
$1.3M
Market Conditions
NOI Build-Up for 6,400 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
$188.9K $29.52/SF
− Vacancy
−$27.4K −$4.28/SF
EGI
$161.5K $25.24/SF
− OpEx
−$40.4K −$6.31/SF
NOI
$121.2K $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%
$2,423,000
Cap Rate 7%
$1,730,714
Cap Rate 9%
$1,346,111
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,150 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$26.83M
$23.47M – $31.30M
NOI $1,877,904 @ 7.0% cap · market cap 64.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 22046, VA
18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Zoned B-2 (Central Business District) with use flexibility for office, medical, retail, personal service, and restaurant.
Where is this office building located?
The property is located at 105 MAPLE AVENUE N Falls Church, 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: Zoned B‑2 (Central Business District) with flexibility for multiple commercial uses by right.; Permitted uses by right include office, medical, retail, personal service, and restaurant uses.; Located in Falls Church with access to nearby restaurants and retail.
