Renovated Retail/Office
For Sale
$1,150,000
201-13895 Hedgewood, Woodbridge, VA 22193
Second-floor condominium unit combines three suites and offers two bathrooms, including a shower, with shared surface parking.
Property Size2,328 SF
Price / SF$493.99
Days on Market49
Property Features for 201-13895 Hedgewood
General Information
Standard status
Active
Size
2,328 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,774
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Nik Biberaj · License #0225226782
(571) 451-7940
Source:
Exprealty
Added: Jul 19
Changed: Aug 20
Last Checked: Sep 4 at 10:11AM
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 renovated second-floor retail/office condominium was assembled by combining three condominium suites into one seamless unit. The space totals 2,328 SF and is laid out to support flexible use as a retail, office, studio, or professional environment. Interior improvements include two bathrooms, with one bathroom featuring a shower. The property also includes extensive electrical upgrades and quality renovations that convey with the sale.
The unit is located within the Old Dominion Square Office Condominiums and benefits from ample shared surface parking. Situated in Woodbridge, it offers convenient access to Prince William Parkway and I-95, along with nearby shopping and dining.
The current configuration reflects its adaptability for creative and professional operations, with the combined suite layout supporting multiple-room workflows within the condominium space.
The unit is located within the Old Dominion Square Office Condominiums and benefits from ample shared surface parking. Situated in Woodbridge, it offers convenient access to Prince William Parkway and I-95, along with nearby shopping and dining.
The current configuration reflects its adaptability for creative and professional operations, with the combined suite layout supporting multiple-room workflows within the condominium space.
Key Highlights
- 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
- Fully renovated with high‑quality finishes and extensive electrical upgrades
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
$44,668
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
3.88%
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%
$893,360
$893.4K
Cap Rate 7%
$638,114
$638.1K
Cap Rate 9%
$496,311
$496.3K
Market Conditions
NOI Build-Up for 2,328 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
$65.6K $28.20/SF
− Vacancy
−$1.8K −$0.79/SF
EGI
$63.8K $27.41/SF
− OpEx
−$19.1K −$8.22/SF
NOI
$44.7K $19.19/SF
Area
Prince William County, VA
Vacancy
2.80%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
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%
$893,360
Cap Rate 7%
$638,114
Cap Rate 9%
$496,311
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 authorities.
Property Analytics
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
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 condominium unit combines three suites and offers two bathrooms, including a shower, with shared surface parking.
Where is this office units located?
The property is located at 201-13895 Hedgewood 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: 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; Fully renovated with high‑quality finishes and extensive electrical upgrades
