Multi-Office
1950 OPITZ BOULEVARD #4, Woodbridge, VA 22191
For Sale
Contact for pricing
Reception, kitchen, storage, and two bathrooms support a range of office configurations.
Property Size1,000 SF
Price / SF$2.30
Days on Market52
Property Features for 1950 OPITZ BOULEVARD #4
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
CENTURY 21 New Millennium
(703) 556-4222
Listed By:
Gurdip K Mangat · License VA #0225085855
(703) 627-8067
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 7:15AM
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 CENTURY 21 New Millennium
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,000-square-foot office suite, built in 1978, includes multiple offices, a reception area, two bathrooms, a kitchen, and storage. Its layout combines private work areas with shared support spaces in a single office unit.
Key Highlights
- 1,000 square feet of office space
- Multiple offices plus a reception area
- Two bathrooms, kitchen, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,635
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,700
$352.7K
Cap Rate 7%
$251,929
$251.9K
Cap Rate 9%
$195,944
$195.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$24.2K $24.24/SF
− Vacancy
−$727 −$0.73/SF
EGI
$23.5K $23.51/SF
− OpEx
−$5.9K −$5.88/SF
NOI
$17.6K $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%
$352,700
Cap Rate 7%
$251,929
Cap Rate 9%
$195,944
Alternative Uses
Best Use
Office B
$251.9K
$220.4K – $293.9K
NOI $17,635 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$293.7K
$257.0K – $342.6K
NOI $20,558 @ 7.0% cap
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
1,580
Businesses Nearby
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Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Woodbridge, VA
Properties on Market for Office Units in Woodbridge
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, kitchen, storage, and two bathrooms support a range of office configurations.
Where is this office unit located?
The property is located at 1950 OPITZ BOULEVARD #4 Woodbridge, VA.
What are key features of this property?
This property features: 1,000 square feet of office space; Multiple offices plus a reception area; Two bathrooms, kitchen, and storage
