Corner Office Unit with Natural
For Sale
$499,990
14-8304 Old Courthouse Rd, Vienna, VA 22180
Second-floor suite with five private rooms, a common area, and recent interior upgrades.
Property Size1,331 SF
Price / SF$375.65
Days on Market18
Property Features for 14-8304 Old Courthouse Rd
General Information
Standard status
Active
Size
1,331 SF
Additional Details
Floor
2
HOA Fee
$213.43
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,137
Building Details
Year Renovated
2024
Listing Agency:
Samson Properties
(571) 758-2995
Listed By:
Chul Kim · License #0225081749
(571) 758-2995
Source:
Exprealty
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 21 at 3:56AM
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 second-floor corner office unit measures 1,331 SF and combines five private rooms with a welcoming common area. The suite received interior upgrades in 2024, including new LVP flooring, a renovated bathroom, LED lighting, a smart thermostat, upgraded network drop outlets, two dry erase boards, and a smart lock. A TV may also convey with the property.
The office is located at 14-8304 Old Courthouse Rd in Vienna, within Centennial Plaza business park. I-495 and Route 7 are minutes away, while Tysons Corner Center is within walking distance for shopping, dining, and other amenities. Generous surface parking is available on site.
The office is located at 14-8304 Old Courthouse Rd in Vienna, within Centennial Plaza business park. I-495 and Route 7 are minutes away, while Tysons Corner Center is within walking distance for shopping, dining, and other amenities. Generous surface parking is available on site.
Key Highlights
- 1,331 SF second‑floor corner office unit
- Five private rooms plus a common area
- 2024 upgrades include LVP flooring, renovated bathroom, LED lighting, and smart thermostat
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
$25,195
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
5.04%
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%
$503,900
$503.9K
Cap Rate 7%
$359,929
$359.9K
Cap Rate 9%
$279,944
$279.9K
Market Conditions
NOI Build-Up for 1,331 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
$39.3K $29.52/SF
− Vacancy
−$5.7K −$4.28/SF
EGI
$33.6K $25.24/SF
− OpEx
−$8.4K −$6.31/SF
NOI
$25.2K $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%
$503,900
Cap Rate 7%
$359,929
Cap Rate 9%
$279,944
Alternative Uses
Best Use
Office B
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M
NOI $390,545 @ 7.0% cap · market cap 78.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 22180, VA
26,666
Population
10,013
Households
2.7
Avg Household Size
38
Median Age
76%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
4,520
Density / Sq Mi
$181,467
Median Household Income
$90,369
Median Earnings
$2,335
Median Rent
$916,900
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 - Second-floor suite with five private rooms, a common area, and recent interior upgrades.
Where is this office units located?
The property is located at 14-8304 Old Courthouse Rd Vienna, VA.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: 1,331 SF second‑floor corner office unit; Five private rooms plus a common area; 2024 upgrades include LVP flooring, renovated bathroom, LED lighting, and smart thermostat
