Three-Level Office Property with
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 Market51
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
Listed By:
Mercy F Lugo-Struthers · License #0225190414
(703) 861-6510
Source:
Kandorre
Added: Aug 18
Changed: Oct 2
Last Checked: Oct 5 at 8:21PM
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 / Yr
$264,519
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Office in South region
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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
