Downtown Office Suite with
For Sale
$250,000
300-313 Park Ave, Falls Church, VA 22046
Charming approximately 600-square-foot office suite in Falls Church City across from the courthouse.
Property Size600 SF
Price / SF$416.67
Days on Market92
Property Features for 300-313 Park Ave
General Information
Standard status
Active
Size
600 SF
Taxes and HOA fees
Annual Taxes
$2,205
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 522-0500
Listed By:
Patricia Ann Jordan
(703) 402-4507
Source:
Exprealty
Added: Jun 5
Changed: Aug 25
Last Checked: Sep 4 at 9:17AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This for-sale office suite offers approximately 600 square feet of space at 300–313 Park Ave in Falls Church City. The property is positioned to benefit from a visible downtown setting, and the overall configuration is well-suited for professional use.
The suite is directly across from the Falls Church courthouse and near the Falls Church Farmers Market. The building also includes a large parking lot behind it, an uncommon amenity in Falls Church City.
Offered as an opportunity to own an office space in a walkable area, the property places professional services within easy reach of nearby restaurants, cafes, and local shops.
The suite is directly across from the Falls Church courthouse and near the Falls Church Farmers Market. The building also includes a large parking lot behind it, an uncommon amenity in Falls Church City.
Offered as an opportunity to own an office space in a walkable area, the property places professional services within easy reach of nearby restaurants, cafes, and local shops.
Key Highlights
- Approximately 600‑square‑foot office suite at 313 Park Avenue in Falls Church City
- Located directly across from the Falls Church courthouse
- Set on a tree‑lined street; about one mile from Metro
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
$11,358
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
4.54%
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%
$227,160
$227.2K
Cap Rate 7%
$162,257
$162.3K
Cap Rate 9%
$126,200
$126.2K
Market Conditions
NOI Build-Up for 600 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
$17.7K $29.52/SF
− Vacancy
−$2.6K −$4.28/SF
EGI
$15.1K $25.24/SF
− OpEx
−$3.8K −$6.31/SF
NOI
$11.4K $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%
$227,160
Cap Rate 7%
$162,257
Cap Rate 9%
$126,200
Alternative Uses
Best Use
Office B
$162.3K
$142.0K – $189.3K
NOI $11,358 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.93M
NOI $176,054 @ 7.0% cap · market cap 70.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,884
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Charming approximately 600-square-foot office suite in Falls Church City across from the courthouse.
Where is this office units located?
The property is located at 300-313 Park Ave Falls Church, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 600‑square‑foot office suite at 313 Park Avenue in Falls Church City; Located directly across from the Falls Church courthouse; Set on a tree‑lined street; about one mile from Metro
