Renovated Retail/Office Condo
13895 HEDGEWOOD Unit 201 Woodbridge, VA 22193
New
13895 HEDGEWOOD Unit 201, Woodbridge, VA, 22193
$1,150,000
For Sale
$1,150,000
Second-floor renovated 2,328 SF condo combines three suites and includes two bathrooms, with extensive electrical upgrades.
Property Size2,328 SF
Price / SF$493.99
Days on Market5
Property Features for 13895 HEDGEWOOD Unit 201
General Information
- Standard status
- Active
- Size
- 2,328 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agency
(571) 451-7940
Listed by
Samson Properties
(571) 451-7940
Source
Xome
Added: Jul 17 Updated: Jul 21 at 8:45AM Checked: Jul 21 at 8:45AM
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 beautifully renovated second-floor retail/office condominium suite is offered as a combined unit made up of three condo suites (201, 205, and 209). The space totals 2,328 SF and has been fully renovated with high-quality finishes. It includes two bathrooms, one with a shower, and features extensive electrical upgrades and other quality improvements that convey with the sale.
The property is located in the established Old Dominion Square Office Condominiums in Woodbridge, VA. The offering includes ample shared surface parking and provides convenient access to Prince William Parkway and I-95, with shopping and dining nearby.
Currently operating as an art studio, the flexible layout supports a variety of retail, office, studio, or professional uses, based on the space configuration and renovations included in the sale.
The property is located in the established Old Dominion Square Office Condominiums in Woodbridge, VA. The offering includes ample shared surface parking and provides convenient access to Prince William Parkway and I-95, with shopping and dining nearby.
Currently operating as an art studio, the flexible layout supports a variety of retail, office, studio, or professional uses, based on the space configuration and renovations included in the sale.
Key Highlights
- Renovated 2,328 SF second‑floor retail/office condominium in Old Dominion Square Office Condominiums
- Combines three condominium suites—201, 205, and 209—into one seamless unit
- Two bathrooms, including one with a shower
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.6k | $28.20 |
| − Vacancy | −$1.8k | −$0.79 |
| EGI | $63.8k | $27.41 |
| − OpEx | −$19.1k | −$8.22 |
| NOI | $44.7k | $19.19 |
2,328 SF · lease $28.20/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$638.1K
$558.4K – $744.5K
NOI $44,668 @ 7.0% cap · market cap 3.88%
Second Best
Office B
$586.5K
$513.2K – $684.2K
NOI $41,053 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$683.7K
$598.2K – $797.7K
NOI $47,859 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greenwood Photography
Photography Service
Urban Pie
Restaurant
Stokes Johnson Law, ...
Law Firm
The College Place
Training Center
CMWL - The Center For Medical ...
Weight Loss Service
Similar For Sale Nearby
FAQs
What type of property is this?
Creative space - Second-floor renovated 2,328 SF condo combines three suites and includes two bathrooms, with extensive electrical upgrades.
Where is this creative space located?
The property is located at 13895 HEDGEWOOD Unit 201 Woodbridge, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Renovated 2,328 SF second‑floor retail/office condominium in Old Dominion Square Office Condominiums; Combines three condominium suites—201, 205, and 209—into one seamless unit; Two bathrooms, including one with a shower
