Two-Suite Medical Office
New
For Sale
$561,000
2917 Hunter Mill Road #11 & 27, Oakton, VA 22124
Two vacant suites combine private rooms, open space, plumbing fixtures, and separate entrances.
Property Size2,043 SF
Price / SF$274.60
Days on Market2
Property Features for 2917 Hunter Mill Road #11 & 27
General Information
Standard status
Active
Size
2,043 SF
Property subtype
Commercial
Zoning
420
Additional Details
HOA Fee
$468
Highway Access
Yes
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,788
Building Details
Building Size
2,043 SF
Year Built
1980
Listing Agency:
RE/MAX Supercenter
Listed By:
Joseph S Cleveland · License #225191567
(540) 834-3200
Source:
Johnstonrhodesrealestate
Added: Oct 29
Last Checked: Oct 29 at 2:47PM
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 RE/MAX Supercenter
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering pairs two vacant suites at 2917 Hunter Mill Road. The 1,657-square-foot Unit 11 has a foyer, roughly nine rooms, built-in counters or sink stations in several rooms, two restrooms, and a separate lower-level entrance with basement space. Unit 27 contains 386 square feet arranged as two open rooms, with a full bath and shower, a utility room, and doors on opposite sides. The property was built in 1980 and is identified with zoning 420.
Hunter Mill Road connects with Chain Bridge Road, I-66, and Route 123, with the Vienna and Fairfax corridors also accessible. Dining, shopping, and services are nearby. The suites are offered together and are currently vacant.
Hunter Mill Road connects with Chain Bridge Road, I-66, and Route 123, with the Vienna and Fairfax corridors also accessible. Dining, shopping, and services are nearby. The suites are offered together and are currently vacant.
Key Highlights
- Two suites offered together, totaling 2,043 square feet
- Unit 11: 1,657 square feet with roughly nine rooms, two restrooms, and basement access
- 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
NOI $38,673 @ 7.0% cap · market cap 6.89%
Second Best
Healthcare Medical
$531.8K
$465.3K – $620.5K
NOI $37,227 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$8.56M
$7.49M – $9.99M
NOI $599,462 @ 7.0% cap · market cap 106.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
58
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two vacant suites combine private rooms, open space, plumbing fixtures, and separate entrances.
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 suites offered together, totaling 2,043 square feet; Unit 11: 1,657 square feet with roughly nine rooms, two restrooms, and basement access; Unit 27: 386 square feet with two open rooms, a full bath with shower, and utility room
