Renovated Retail/Office Condo
For Sale
$1,150,000
13895 Hedgewood Unit 201, Woodbridge, VA 22193
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 Market93
Property Features for 13895 Hedgewood Unit 201
General Information
Standard status
Active
Size
2,328 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
Samson Properties
Listed By:
Nik Biberaj · License #0225226782
(571) 451-7940
Source:
Lgagne
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 1:10PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,053
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,060
$821.1K
Cap Rate 7%
$586,471
$586.5K
Cap Rate 9%
$456,144
$456.1K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$56.4K $24.24/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$54.7K $23.51/SF
− OpEx
−$13.7K −$5.88/SF
NOI
$41.1K $17.63/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$24.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,060
Cap Rate 7%
$586,471
Cap Rate 9%
$456,144
Alternative Uses
Best Use
Office B
$586.5K
$513.2K – $684.2K
NOI $41,053 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
733
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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
