Building Details

Tenancy Single

Listing Agency: Samson Properties Show Phone

Listed By: Nik Biberaj · License #0225226782 Show Phone

Source: Imanirealtors

Added: Sep 10 Changed: Oct 23 Last Checked: Oct 24 at 5:05PM

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Investment Insights

Based on property information with market context.

This 2,328 SF second-floor retail condominium combines suites 201, 205, and 209 into a unified commercial space. The property has been renovated with upgraded electrical service and quality improvements that transfer with the sale. Its layout supports retail, office, studio, and professional applications, while two bathrooms—including one with a shower—add practical convenience. The space is currently configured as an art studio.

The condominium is located within Old Dominion Square Office Condominiums in Woodbridge, Virginia. Shared surface parking is available for occupants and visitors. Access to Prince William Parkway and I-95 connects the property with surrounding shopping and dining destinations.

Key Highlights

• 2,328 SF second‑floor retail condominium
• Three combined suites: 201, 205, and 209
• Renovated space with extensive electrical upgrades

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,668

Cap Rate

3.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,360 $893.4K

Cap Rate 7%

$638,114 $638.1K

Cap Rate 9%

$496,311 $496.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,328 SF

Gross rent

$65.6K $28.20/SF

− Vacancy

−$1.8K −$0.79/SF

EGI

$63.8K $27.41/SF

− OpEx

−$19.1K −$8.22/SF

NOI

$44.7K $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 Rate 5%

$893,360

Cap Rate 7%

$638,114

Cap Rate 9%

$496,311

Alternative Uses

Best Use

Retail

$638.1K

$558.4K – $744.5K (±1% cap)

NOI $44,668 @ 7.0% cap · market cap 3.88%

Second Best

Office B

$586.5K

$513.2K – $684.2K (±1% cap)

NOI $41,053 @ 7.0% cap · market cap 3.57%

Theoretical Best

Specialty Retail

$683.7K

$598.2K – $797.7K (±1% cap)

NOI $47,859 @ 7.0% cap · market cap 4.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

567

Businesses Nearby

Explore this area Business Placement

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Second-floor commercial unit combines three suites into a flexible setting for retail, office, studio, or professional use.

Where is this retail space located?

The property is located at 13895 HEDGEWOOD #201 201 Woodbridge, VA.

What is the asking price?

The asking price for this property is $1,149,999.

What are key features of this property?

This property features: 2,328 SF second‑floor retail condominium; Three combined suites: 201, 205, and 209; Renovated space with extensive electrical upgrades