Renovated Two-Level Office
For Sale
$599,000
311 MAPLE AVE W #C C, Vienna, VA 22180
Private office condominium with flexible rooms, high ceilings, hardwood floors, and large windows.
Property Size13,791 SF
Price / SF$374.38
Days on Market49
Property Features for 311 MAPLE AVE W #C C
General Information
Standard status
Active
Size
13,791 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
HOA Fee
$315
Office Units
11
Amenities
surface parking
green space
park benches
Building Details
Buildings
1
Building Size
13,791 SF
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 517-9231
Listed By:
Roshan Badii Carter · License #0225065345
(703) 517-9231
Source:
Towncentermd
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 7:28AM
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.
Renovated office condominium offering a private two-level layout within an eleven-unit building. The 1,600-square-foot unit has a foyer, four rooms, two bathrooms, kitchenette, and closet on the first floor, plus a large upper-level room suited to conference, classroom, or private office use. Rooms can be divided to accommodate changing operational needs, while high ceilings, hardwood flooring, and large windows contribute to the interior configuration.
The property includes private entrances, separate metering, surface parking at the front and rear, green space, and park benches. It is located one block from Nutley Road with access to I-66 and I-495, and is minutes from Tysons and the Vienna Metro station. The source information identifies potential suitability for therapeutic, service, and general office uses.
The property includes private entrances, separate metering, surface parking at the front and rear, green space, and park benches. It is located one block from Nutley Road with access to I-66 and I-495, and is minutes from Tysons and the Vienna Metro station. The source information identifies potential suitability for therapeutic, service, and general office uses.
Key Highlights
- 1,600‑square‑foot private office condo with two levels
- First floor includes four rooms, two bathrooms, a kitchenette, foyer, and closet
- Large second‑floor room can serve as a conference room, classroom, or private area
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
$30,288
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
5.06%
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%
$605,760
$605.8K
Cap Rate 7%
$432,686
$432.7K
Cap Rate 9%
$336,533
$336.5K
Market Conditions
NOI Build-Up for 1,600 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
$47.2K $29.52/SF
− Vacancy
−$6.8K −$4.28/SF
EGI
$40.4K $25.24/SF
− OpEx
−$10.1K −$6.31/SF
NOI
$30.3K $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%
$605,760
Cap Rate 7%
$432,686
Cap Rate 9%
$336,533
Alternative Uses
Best Use
Office B
$432.7K
$378.6K – $504.8K
NOI $30,288 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.71M
$5.87M – $7.82M
NOI $469,476 @ 7.0% cap · market cap 78.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 22180, VA
26,666
Population
10,013
Households
2.7
Avg Household Size
38
Median Age
76%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
4,520
Density / Sq Mi
$181,467
Median Household Income
$90,369
Median Earnings
$2,335
Median Rent
$916,900
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?
Office units - Private office condominium with flexible rooms, high ceilings, hardwood floors, and large windows.
Where is this office units located?
The property is located at 311 MAPLE AVE W #C C Vienna, VA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,600‑square‑foot private office condo with two levels; First floor includes four rooms, two bathrooms, a kitchenette, foyer, and closet; Large second‑floor room can serve as a conference room, classroom, or private area
