Bright Professional Office
For Sale
$330,000
1146 Walker Road G, Great Falls, VA 22066
Office condominium with skylit interior, three private offices, reception area, restroom, and a utility room.
Property Size1,250 SF
Price / SF$264
Days on Market35
Property Features for 1146 Walker Road G
General Information
Standard status
Active
Size
1,250 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Samson Properties
(703) 930-5692
Listed By:
Bonnie H Wolfe · License #0225078568
Source:
Kandorre
Added: Jul 26
Changed: Aug 16
Last Checked: Aug 29 at 12:14PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This upscale professional office condominium, designated Unit G, is accessed through a shared interior corridor and opens to a bright, contemporary suite. The space features modern entry doors, multiple skylights and windows for abundant natural light, and wood flooring throughout. Inside, the layout includes a double entry door, a welcoming reception area for client meetings, three spacious private offices with windows, and a central hallway offering room for filing or additional storage. Additional improvements include a dedicated restroom and a utility room with a janitor sink and storage.
Unit G has entrances at both ends, and building signage availability is noted. The property also offers ample free parking with convenient customer parking in front and additional employee parking at the rear, along with monument signage at the main entrance. The suite is vacant and ready for immediate occupancy.
The condominium is part of Leigh Corners Office Park, with each condominium individually owned and professional management overseeing the common areas. The location provides accessibility from Route 7/Leesburg Pike via two access points and is minutes from Great Falls Village Centre, with nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Unit G has entrances at both ends, and building signage availability is noted. The property also offers ample free parking with convenient customer parking in front and additional employee parking at the rear, along with monument signage at the main entrance. The suite is vacant and ready for immediate occupancy.
The condominium is part of Leigh Corners Office Park, with each condominium individually owned and professional management overseeing the common areas. The location provides accessibility from Route 7/Leesburg Pike via two access points and is minutes from Great Falls Village Centre, with nearby amenities including Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library.
Key Highlights
- Built in 1986, upscale professional office condominium in Leigh Corners Office Park
- Approx. 1,250 SF with double entry door, 3 private offices with windows, and a reception/waiting area
- Multiple skylights and large windows provide abundant natural light throughout the corridor and interior suite
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
$23,662
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
7.17%
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%
$473,240
$473.2K
Cap Rate 7%
$338,029
$338.0K
Cap Rate 9%
$262,911
$262.9K
Market Conditions
NOI Build-Up for 1,250 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
$36.9K $29.52/SF
− Vacancy
−$5.4K −$4.28/SF
EGI
$31.5K $25.24/SF
− OpEx
−$7.9K −$6.31/SF
NOI
$23.7K $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%
$473,240
Cap Rate 7%
$338,029
Cap Rate 9%
$262,911
Alternative Uses
Best Use
Office B
$338.0K
$295.8K – $394.4K
NOI $23,662 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.24M
$4.58M – $6.11M
NOI $366,778 @ 7.0% cap · market cap 111.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 22066, VA
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
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 - Office condominium with skylit interior, three private offices, reception area, restroom, and a utility room.
Where is this office units located?
The property is located at 1146 Walker Road G Great Falls, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Built in 1986, upscale professional office condominium in Leigh Corners Office Park; Approx. 1,250 SF with double entry door, 3 private offices with windows, and a reception/waiting area; Multiple skylights and large windows provide abundant natural light throughout the corridor and interior suite
