Office Unit Near
For Sale
$250,000
313 PARK AVE #300 300, Falls Church, VA 22046
Approximately 600 square feet with courthouse and farmers market exposure in central Falls Church.
Property Size600 SF
Price / SF$416.67
Days on Market97
Property Features for 313 PARK AVE #300 300
General Information
Standard status
Active
Size
600 SF
Additional Details
Public Transit
Yes
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 522-0500
Listed By:
Patricia Ann Jordan
(703) 402-4507
Source:
Towncentermd
Added: Jul 13
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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.
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.
This approximately 600-square-foot office unit is located at 313 Park Avenue in Falls Church. The space is positioned across from the Falls Church courthouse and the Falls Church Farmers Market, placing it within an active civic and community setting. A large parking lot is located behind the building, adding convenient on-site parking for occupants and visitors.
The property is approximately one mile from the Metro and is surrounded by restaurants, cafés, and local shops. Its walkable setting and professional office configuration provide a practical base for a small business seeking a central Falls Church address.
The property is approximately one mile from the Metro and is surrounded by restaurants, cafés, and local shops. Its walkable setting and professional office configuration provide a practical base for a small business seeking a central Falls Church address.
Key Highlights
- Approximately 600 square feet of office space
- Across from the Falls Church courthouse
- Across from the Falls Church Farmers Market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,358
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,850
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
Frequently Asked Questions
What type of property is this?
Office units - Approximately 600 square feet with courthouse and farmers market exposure in central Falls Church.
Where is this office units located?
The property is located at 313 PARK AVE #300 300 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 feet of office space; Across from the Falls Church courthouse; Across from the Falls Church Farmers Market
