Two-Level Mixed-Use
For Sale
$825,000
2102 GALLOWS ROAD #D, Vienna, VA 22182
Fully occupied commercial condominium with medical and spa uses on separate levels.
Property Size2,106 SF
Price / SF$391.74
Days on Market51
Property Features for 2102 GALLOWS ROAD #D
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Commercial
Occupancy
100%
Financials
Gross Income
$61,080
HOA Fee
$233.33
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
Fairfax Realty of Tysons
(703) 752-8660
Listed By:
Annie Jin · License #0225089392
(703) 965-2437
Source:
Cummingsrealtors
Added: Sep 12
Changed: Oct 31
Last Checked: Oct 30 at 5:07PM
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 Fairfax Realty of Tysons
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Investment Insights
Based on property information with market context.
This two-level commercial condominium contains 2,106 square feet and was built in 1983. The property is fully occupied, with each floor serving a separate commercial use. The first level is occupied by a medical doctor, while the upper level houses a Massage & Spa Treatment Center. Annual rent escalations are 2% on the first level and 3% on the upper level.
Located at 2102 Gallows Road in Vienna, the property is near Tysons Corner Mall, shopping, restaurants, and other amenities. The separate-floor layout creates a clear division between the two occupied uses within one commercial condominium asset.
Located at 2102 Gallows Road in Vienna, the property is near Tysons Corner Mall, shopping, restaurants, and other amenities. The separate-floor layout creates a clear division between the two occupied uses within one commercial condominium asset.
Key Highlights
- 2,106‑square‑foot commercial condominium
- Two‑level configuration with separate occupants
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,866
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,320
$797.3K
Cap Rate 7%
$569,514
$569.5K
Cap Rate 9%
$442,956
$443.0K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$62.2K $29.52/SF
− Vacancy
−$9.0K −$4.28/SF
EGI
$53.2K $25.24/SF
− OpEx
−$13.3K −$6.31/SF
NOI
$39.9K $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 Rate 5%
$797,320
Cap Rate 7%
$569,514
Cap Rate 9%
$442,956
Alternative Uses
Best Use
Mixed Use
$4.38M
$3.84M – $5.12M
NOI $306,916 @ 7.0% cap · market cap 37.20%
Second Best
Office B
$569.5K
$498.3K – $664.4K
NOI $39,866 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$8.83M
$7.72M – $10.30M
NOI $617,948 @ 7.0% cap · market cap 74.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 22182, VA
27,778
Population
10,285
Households
2.7
Avg Household Size
42
Median Age
82%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,222
Density / Sq Mi
$200,038
Median Household Income
$102,749
Median Earnings
$2,618
Median Rent
$1,086,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied commercial condominium with medical and spa uses on separate levels.
Where is this mixed-use property located?
The property is located at 2102 GALLOWS ROAD #D Vienna, VA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,106‑square‑foot commercial condominium; Two‑level configuration with separate occupants; Fully occupied property
