Three-Level Office Property with
New
For Sale
$3,800,000
2050 Old Bridge Rd, Woodbridge, VA 22192
Elevator-served workspace includes remodeled restrooms, kitchen areas, and adaptable floorplans for varied office configurations.
Property Size15,000 SF
Price / SF$253.33
Days on Market5
Property Features for 2050 Old Bridge Rd
General Information
Standard status
Active
Size
15,000 SF
Elevators
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
three welcoming lobbies
exterior stair access
remodeled restrooms
kitchen areas
Building Details
Year Built
1986
Buildings
1
Stories
3
Building Size
15,000 SF
Construction
brick
Tenancy
Multi
Listing Agency:
Casals Realtors
(703) 861-6510
Listed By:
Mercy F Lugo-Struthers · License #0225190414
Source:
Kandorre
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 21 at 9:31AM
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 Casals Realtors
Investment Insights
Based on property information with market context.
This 15,000-square-foot office property at 2050 Old Bridge Rd features three floors, brick construction, an elevator, exterior stairs, and three lobbies. Each level includes remodeled restrooms, kitchen areas, and flexible office layouts that support subdivision or full-floor occupancy. The first and second floors are leased, with both leases scheduled to expire within the next two years. Tenants have expressed interest in considering renewals.
The building has entrances on two streets, on-site parking, and frontage along Old Bridge Road. Access to I-95, Route 123, and Jefferson Davis Highway is within minutes, while nearby hospitals and the Quantico and Ft. Belvoir bases are approximately 20 to 30 minutes away. Constructed in 1986, the property combines established office improvements with multiple access points and adaptable interior space.
The building has entrances on two streets, on-site parking, and frontage along Old Bridge Road. Access to I-95, Route 123, and Jefferson Davis Highway is within minutes, while nearby hospitals and the Quantico and Ft. Belvoir bases are approximately 20 to 30 minutes away. Constructed in 1986, the property combines established office improvements with multiple access points and adaptable interior space.
Key Highlights
- 15,000 SF office building with three floors and elevator service
- Three lobbies, exterior stair access, remodeled restrooms, and kitchen areas
- First and second floors are leased; both leases expire within the next two years
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
$264,519
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
6.96%
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%
$5,290,380
$5.3M
Cap Rate 7%
$3,778,843
$3.8M
Cap Rate 9%
$2,939,100
$2.9M
Market Conditions
NOI Build-Up for 15,000 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
$363.6K $24.24/SF
− Vacancy
−$10.9K −$0.73/SF
EGI
$352.7K $23.51/SF
− OpEx
−$88.2K −$5.88/SF
NOI
$264.5K $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 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%
$5,290,380
Cap Rate 7%
$3,778,843
Cap Rate 9%
$2,939,100
Alternative Uses
Best Use
Office B
$3.78M
$3.31M – $4.41M
NOI $264,519 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.41M
$3.85M – $5.14M
NOI $308,367 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 22192, VA
60,299
Population
21,290
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
19.2 sq mi
ZIP Area
3,141
Density / Sq Mi
$122,005
Median Household Income
$60,918
Median Earnings
$2,012
Median Rent
$465,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Elevator-served workspace includes remodeled restrooms, kitchen areas, and adaptable floorplans for varied office configurations.
Where is this office building located?
The property is located at 2050 Old Bridge Rd Woodbridge, VA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 15,000 SF office building with three floors and elevator service; Three lobbies, exterior stair access, remodeled restrooms, and kitchen areas; First and second floors are leased; both leases expire within the next two years
