Three-Story Office
For Sale
$2,950,000
210 E Broad St, Falls Church, VA 22046
Three-story office building with about 12 units and two bathrooms on each floor, plus surface parking and adjacent bus access.
Property Size5,296 SF
Price / SF$557.02
Days on Market81
Property Features for 210 E Broad St
General Information
Standard status
Active
Size
5,296 SF
Additional Details
Office Units
12
Building Details
Year Built
1970
Stories
3
Listing Agency:
American Homes Realty, Inc.
Listed By:
Carmen C Olarte · License #0225208146
(703) 241-1212
Source:
Kandorre
Added: Jul 6
Changed: Sep 14
Last Checked: Sep 24 at 12:23PM
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 American Homes Realty, Inc.
Investment Insights
Based on property information with market context.
This three-story office building is well maintained and designed for professional office use. The property includes approximately 23,283 square feet of office space across 12 units. Each floor has two bathrooms, supporting convenient restroom access within the building.
The building offers ample surface parking and strong accessibility, with a bus stop adjacent to the property. It is positioned in a highly accessible Northern Virginia location near major commuter routes and nearby shopping and dining options.
The layout is configured into multiple office units with efficient floor plans intended to accommodate a range of office operations within the same building.
The building offers ample surface parking and strong accessibility, with a bus stop adjacent to the property. It is positioned in a highly accessible Northern Virginia location near major commuter routes and nearby shopping and dining options.
The layout is configured into multiple office units with efficient floor plans intended to accommodate a range of office operations within the same building.
Key Highlights
- Three‑story office building built in 1970 with approximately 23,283 SF of professional office space
- Configured as 12 units with two bathrooms on each floor
- Ample surface parking on‑site
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
$100,252
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
3.40%
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%
$2,005,040
$2.0M
Cap Rate 7%
$1,432,171
$1.4M
Cap Rate 9%
$1,113,911
$1.1M
Market Conditions
NOI Build-Up for 5,296 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
$156.3K $29.52/SF
− Vacancy
−$22.7K −$4.28/SF
EGI
$133.7K $25.24/SF
− OpEx
−$33.4K −$6.31/SF
NOI
$100.3K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /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%
$2,005,040
Cap Rate 7%
$1,432,171
Cap Rate 9%
$1,113,911
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,252 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.20M
$19.42M – $25.90M
NOI $1,553,966 @ 7.0% cap · market cap 52.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Office units
Location Intelligence
Trade Area within ½ mile
2,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 22046, VA
18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
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 - Three-story office building with about 12 units and two bathrooms on each floor, plus surface parking and adjacent bus access.
Where is this office building located?
The property is located at 210 E Broad St Falls Church, VA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Three‑story office building built in 1970 with approximately 23,283 SF of professional office space; Configured as 12 units with two bathrooms on each floor; Ample surface parking on‑site
