Fairfax Office Building For
3022 Javier Rd Fairfax, VA 22031
3022 Javier Rd, Fairfax, VA, 22031
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For Sale
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19,329 SF office building in Fairfax, Virginia.
Property Size19,329 SF
Price / SF$356.98
Days on Market623
Property Features for 3022 Javier Rd
General Information
- Standard status
- Active
- Size
- 19,329 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing agency
Serafin Real Estate
(703) 261-4809
Listed by
Joe Serafin · License #VA 0225239987
Source
Crexi
Added: Nov 5, 2024 Updated: Jul 6 at 7:51AM Checked: Jul 21 at 3:40AM
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 Serafin Real Estate
Investment Insights
Based on property information with market context.
Located off Route 50 in Fairfax, Virginia, this 19,329 SF office building presents an opportunity for owner-users or value-add investors. The property is situated in the Merrifield submarket of Fairfax County, minutes from I-495 and I-66, and near Inova Fairfax Hospital. The building is currently 58% leased and has 42% vacant usable space. The current NOI is $269,205. Recent capital improvements include a new Firestone roof installed in 2020 and 14 HVAC units, most of which have been recently replaced. The C-3 zoning permits future expansion, allowing construction up to 65 feet, subject to county approval. The site includes 61 surface parking spaces. The location benefits from high-density traffic and strong local demographics. The property is near major highways and Washington Dulles and Reagan National Airports. The building is suited for medical, professional, or investment use.
Key Highlights
- Strategic location in the Merrifield submarket of Fairfax County, with easy access to Route 50, I‑495, and I‑66.
- Attractive seller financing available at a competitive 4.625% interest rate.
- Value‑add opportunity with 42% vacant usable space, allowing for owner‑user occupancy and potential rental income growth.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $570.6k | $29.52 |
| − Vacancy | −$82.7k | −$4.28 |
| EGI | $487.9k | $25.24 |
| − OpEx | −$122.0k | −$6.31 |
| NOI | $365.9k | $18.93 |
19,329 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.23M
$4.57M – $6.10M
NOI $365,892 @ 7.0% cap · market cap 5.30%
Second Best
Healthcare Medical
$5.03M
$4.40M – $5.87M
NOI $352,208 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$81.02M
$70.89M – $94.53M
NOI $5,671,564 @ 7.0% cap · market cap 82.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aromatherapy spa for massage
Alternative Medicine Practice
VIP IMed Center
Medical Clinic
Eyelashes By Katie
Hair Salon
Lash Avenue
Hair Salon
Serenity Elder Care ...
Home Health Care Service
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FAQs
What type of property is this?
Office building - 19,329 SF office building in Fairfax, Virginia.
Where is this office building located?
The property is located at 3022 Javier Rd Fairfax, VA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Strategic location in the Merrifield submarket of Fairfax County, with easy access to Route 50, I‑495, and I‑66.; Attractive seller financing available at a competitive 4.625% interest rate.; Value‑add opportunity with **42% vacant usable space**, allowing for owner‑user occupancy and potential rental income growth.
