Medical Office
For Sale
Contact for pricing
1715 N GEORGE MASON DRIVE #408, Arlington, VA 22205
Existing medical build-out and a position on the VHC Health campus support clinical office use.
Property Size1,428 SF
Price / SF$3.54
Days on Market9
Property Features for 1715 N GEORGE MASON DRIVE #408
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
Capital Realty Advisors
Listed By:
Geoffrey G Lindsay
(703) 536-2100
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 1:25AM
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 Capital Realty Advisors
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Investment Insights
Based on property information with market context.
Suite 408 is a 1,428-square-foot medical office condo with an existing medical build-out. The building dates to 1983, and the space is scheduled to become available for lease on January 1, 2027. The unit is offered directly by its retiring doctor-owner and is not owned by VHC Health.
The property is on the VHC Health campus in Arlington. Campus services include outpatient labs, imaging, and procedures, alongside hospital services. Free parking is available for physicians.
The property is on the VHC Health campus in Arlington. Campus services include outpatient labs, imaging, and procedures, alongside hospital services. Free parking is available for physicians.
Key Highlights
- 1,428‑square‑foot medical office suite
- Existing medical build‑out
- Located on the VHC Health campus in Arlington
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,168
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,360
$383.4K
Cap Rate 7%
$273,829
$273.8K
Cap Rate 9%
$212,978
$213.0K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$31.4K $21.96/SF
− Vacancy
−$5.8K −$4.06/SF
EGI
$25.6K $17.90/SF
− OpEx
−$6.4K −$4.47/SF
NOI
$19.2K $13.42/SF
Area
Arlington, VA
Vacancy
18.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,360
Cap Rate 7%
$273,829
Cap Rate 9%
$212,978
Alternative Uses
Best Use
Healthcare Medical
$305.7K
$267.5K – $356.7K
NOI $21,399 @ 7.0% cap · market cap 423.16%
Second Best
Office B
$273.8K
$239.6K – $319.5K
NOI $19,168 @ 7.0% cap · market cap 379.04%
Theoretical Best
Specialty Retail
$793.2K
$694.0K – $925.4K
NOI $55,521 @ 7.0% cap · market cap 1,097.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 22205, VA
18,594
Population
6,875
Households
2.7
Avg Household Size
39
Median Age
80%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,887
Density / Sq Mi
$192,951
Median Household Income
$109,426
Median Earnings
$1,843
Median Rent
$1,070,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vets USA — 1622 N McKinley Rd #1, Arlington, VA 22205
- Unleashed Vaccination Clinic — 5400 Lee Hwy A, Arlington, VA 22207
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical build-out and a position on the VHC Health campus support clinical office use.
Where is this medical office space located?
The property is located at 1715 N GEORGE MASON DRIVE #408 Arlington, VA.
What are key features of this property?
This property features: 1,428‑square‑foot medical office suite; Existing medical build‑out; Located on the VHC Health campus in Arlington
