Two-Suite Medical Office
For Sale
$850,000
2501 N Glebe Rd, Arlington, VA 22207
Separate condominium suites support distinct operating areas within a professional office building.
Property Size2,265 SF
Price / SF$375.28
Days on Market23
Property Features for 2501 N Glebe Rd
General Information
Standard status
Active
Size
2,265 SF
Property subtype
Office - Medical Office
Additional Details
Asking Price
$850,000
Building Details
Building Size
2,265 SF
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Cameron Coleman · License #0225271416
Source:
Commercialcafe
Added: Sep 5
Changed: Sep 26
Last Checked: Sep 26 at 4:05AM
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 Coldwell Banker Commercial Elite
Investment Insights
Based on property information with market context.
This offering includes two professional office condominiums totaling approximately 2,265 square feet. Suites 303 and 304 are located separately within the building, creating a flexible arrangement for distinct departments, affiliated operations, or additional workspace. Common-area restrooms help preserve usable area within each suite, and ample off-street parking serves employees, clients, and visitors.
The property is located at 2501 N Glebe Rd in Arlington, Virginia, near established residential neighborhoods, retail amenities, restaurants, and major commuter routes. Its setting provides access to Washington, D.C., and surrounding Northern Virginia markets while keeping everyday services nearby.
The property is located at 2501 N Glebe Rd in Arlington, Virginia, near established residential neighborhoods, retail amenities, restaurants, and major commuter routes. Its setting provides access to Washington, D.C., and surrounding Northern Virginia markets while keeping everyday services nearby.
Key Highlights
- Two professional office condominiums offered together
- Approximately 2,265 square feet across Suites 303 and 304
- Separate suite locations support distinct departments or operations
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
$33,941
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
3.99%
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%
$678,820
$678.8K
Cap Rate 7%
$484,871
$484.9K
Cap Rate 9%
$377,122
$377.1K
Market Conditions
NOI Build-Up for 2,265 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
$61.2K $27.00/SF
− Vacancy
−$4.6K −$2.03/SF
EGI
$56.6K $24.98/SF
− OpEx
−$22.6K −$9.99/SF
NOI
$33.9K $14.99/SF
Area
Arlington, VA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$678,820
Cap Rate 7%
$484,871
Cap Rate 9%
$377,122
Alternative Uses
Best Use
Healthcare Medical
$484.9K
$424.3K – $565.7K
NOI $33,941 @ 7.0% cap · market cap 3.99%
Second Best
Office B
$434.3K
$380.0K – $506.7K
NOI $30,403 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,063 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22207, VA
33,734
Population
12,740
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
5,190
Density / Sq Mi
$237,126
Median Household Income
$112,186
Median Earnings
$2,305
Median Rent
$1,201,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate condominium suites support distinct operating areas within a professional office building.
Where is this medical office space located?
The property is located at 2501 N Glebe Rd Arlington, VA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two professional office condominiums offered together; Approximately 2,265 square feet across Suites 303 and 304; Separate suite locations support distinct departments or operations
