Building Details

Year Built 1980

Listing Agency: RE/MAX Supercenter Show Phone

Listed By: Joseph S Cleveland · License #0225191567 Show Phone

Source: Cummingsrealtors

Added: Sep 28 Changed: Oct 6 Last Checked: Oct 7 at 12:27PM

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Investment Insights

Based on property information with market context.

The property combines two medical office suites totaling 2,043 square feet. Unit 11 contains 1,657 square feet on the main level, arranged as roughly nine rooms off connecting hallways, with two restrooms. Several rooms have built-in counters or sinks, and a separate lower-level entrance leads to basement storage and additional space. Unit 27 offers 386 square feet across two open rooms, plus a full bathroom with shower and a dedicated utility room. It has entrances on opposite sides of the suite.

Located at 2917 Hunter Mill Road in Oakton, the property provides access to Chain Bridge Road, I-66, and Route 123, as well as the Vienna and Fairfax corridors. Dining, retail, and services are nearby. Both suites are vacant, and the property is being sold as-is.

Key Highlights

• Two medical office suites totaling 2,043 square feet
• Unit 11: 1,657 square feet, roughly nine rooms, and two restrooms
• Unit 27: 386 square feet with two open rooms, a full bath with shower, and utility room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,673

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$773,460 $773.5K

Cap Rate 7%

$552,471 $552.5K

Cap Rate 9%

$429,700 $429.7K

Market Conditions

NOI Build-Up for 2,043 SF

Gross rent

$60.3K $29.52/SF

− Vacancy

−$8.7K −$4.28/SF

EGI

$51.6K $25.24/SF

− OpEx

−$12.9K −$6.31/SF

NOI

$38.7K $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%

$773,460

Cap Rate 7%

$552,471

Cap Rate 9%

$429,700

Alternative Uses

Best Use

Office B

$552.5K

$483.4K – $644.6K (±1% cap)

NOI $38,673 @ 7.0% cap · market cap 6.89%

Second Best

Healthcare Medical

$531.8K

$465.3K – $620.5K (±1% cap)

NOI $37,227 @ 7.0% cap · market cap 6.64%

Theoretical Best

Specialty Retail

$8.56M

$7.49M – $9.99M (±1% cap)

NOI $599,462 @ 7.0% cap · market cap 106.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Hair Salon Auto Repair Shop Auto Parts Store Nail Salon Restaurant Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

749

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 22124, VA

18,488

Population

7,049

Households

2.6

Avg Household Size

43

Median Age

81%

College-Educated

99%

High-School Grad

10.3 sq mi

ZIP Area

1,795

Density / Sq Mi

$216,712

Median Household Income

$114,420

Median Earnings

$2,469

Median Rent

$979,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Two distinct suites offer layouts suited to private offices, consultations, and patient care.

Where is this medical office space located?

The property is located at 2917 HUNTER MILL ROAD 11 & 27 Oakton, VA.

What is the asking price?

The asking price for this property is $561,000.

What are key features of this property?

This property features: Two medical office suites totaling 2,043 square feet; Unit 11: 1,657 square feet, roughly nine rooms, and two restrooms; Unit 27: 386 square feet with two open rooms, a full bath with shower, and utility room