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 Market94
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: Oct 11
Last Checked: Oct 19 at 11:19AM
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 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 / Yr
$44,668
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor condominium unit combines three suites and offers two bathrooms, including a shower, with shared surface parking.
Where is this office unit 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
