Ground-Floor Retail Condo
For Sale
$350,000
133-13885 Hedgewood Dr, Woodbridge, VA 22193
Ground-floor retail condo in a business center with surface parking and condo dues covering water, electric, and maintenance.
Property Size800 SF
Price / SF$437.50
Days on Market264
Property Features for 133-13885 Hedgewood Dr
General Information
Standard status
Active
Size
800 SF
Zoning
PBD
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,773
Listing Agency:
Samson Properties
(805) 294-8164
Listed By:
Zakariah Chaudhry · License #0225275034
(805) 294-8164
Source:
Exprealty
Added: Dec 4, 2025
Changed: Aug 20
Last Checked: Aug 25 at 10:46AM
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 ground-floor retail condo comprises 800 square feet within the Prince William Commons Business Center. Ground-floor units in the complex are exclusively retail, while office condos are located on the second and third floors. The unit is offered for sale with condo dues of $450 per month, which cover utilities (water and electric) and building maintenance.
The business center is positioned at the high-traffic intersection of Prince William Parkway and Minnieville Road in Woodbridge, Virginia. The property is zoned PBD and includes ample surface parking. Nearby drivers identified in the remarks include residential neighborhoods, government facilities, and major regional retail anchors, with proximity to Potomac Mills and I-95.
The current owner is willing to lease back until June, providing immediate income for the buyer. A profitable on-site business is also available for purchase for an additional $45,000, with approximately $210,000 in annual revenue and $17,000 in net profit.
The business center is positioned at the high-traffic intersection of Prince William Parkway and Minnieville Road in Woodbridge, Virginia. The property is zoned PBD and includes ample surface parking. Nearby drivers identified in the remarks include residential neighborhoods, government facilities, and major regional retail anchors, with proximity to Potomac Mills and I-95.
The current owner is willing to lease back until June, providing immediate income for the buyer. A profitable on-site business is also available for purchase for an additional $45,000, with approximately $210,000 in annual revenue and $17,000 in net profit.
Key Highlights
- 800 SF ground‑floor retail condo in Prince William Commons Business Center (Woodbridge, VA)
- Located at the high‑traffic intersection of Prince William Parkway and Minnieville Road
- Zoned PBD and ground‑floor units are exclusively retail (office condos on the 2nd and 3rd floors)
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
$15,350
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
4.39%
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%
$307,000
$307.0K
Cap Rate 7%
$219,286
$219.3K
Cap Rate 9%
$170,556
$170.6K
Market Conditions
NOI Build-Up for 800 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
$22.6K $28.20/SF
− Vacancy
−$632 −$0.79/SF
EGI
$21.9K $27.41/SF
− OpEx
−$6.6K −$8.22/SF
NOI
$15.3K $19.19/SF
Area
Prince William County, VA
Vacancy
2.80%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
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%
$307,000
Cap Rate 7%
$219,286
Cap Rate 9%
$170,556
Alternative Uses
Best Use
Retail
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$234.9K
$205.6K – $274.1K
NOI $16,446 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
192k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Superstores 30%
Home Improvements & Furnishings 25%
Dining 15%
BJ's Wholesale Club
Superstores
56,765 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
47,863 visits/mo
0.5 miles
BJ's Gas
Shops & Services
28,287 visits/mo
0.3 miles
McDonald's
Dining
16,659 visits/mo
0.2 miles
KFC
Dining
9,587 visits/mo
0.5 miles
Demographics for 22193, VA
83,064
Population
25,121
Households
3.3
Avg Household Size
35
Median Age
35%
College-Educated
85%
High-School Grad
18.3 sq mi
ZIP Area
4,539
Density / Sq Mi
$119,273
Median Household Income
$50,576
Median Earnings
$1,868
Median Rent
$427,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail condo in a business center with surface parking and condo dues covering water, electric, and maintenance.
Where is this storefront property located?
The property is located at 133-13885 Hedgewood Dr Woodbridge, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 800 SF ground‑floor retail condo in Prince William Commons Business Center (Woodbridge, VA); Located at the high‑traffic intersection of Prince William Parkway and Minnieville Road; Zoned PBD and ground‑floor units are exclusively retail (office condos on the 2nd and 3rd floors)
