Optical-Buildout Retail
3800 N FAIRFAX DRIVE #100, Arlington, VA 22203
For Sale
$1,095,000
The commercial condominium has a courtyard-facing entrance and six deeded garage parking spaces.
Property Size1,672 SF
Price / SF$654.90
Days on Market49
Property Features for 3800 N FAIRFAX DRIVE #100
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Office Units
Building Details
Year Built
Buildings
Listing Agency:
Compass
(202) 386-6330
Listed By:
KAUSHIK RATH · License #SP98377498
(917) 678-1307
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 6:02AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At Tower Villas, Suite 1 is a 1,672-square-foot commercial condominium with an existing optometry and optical retail buildout. Its entrance faces the courtyard, and the sale includes the real estate and permanent improvements; the operating business and its movable assets are excluded. The building dates to 1974.
The property is at 3800 N. Fairfax Drive in Arlington’s Virginia Square. Six parking spaces in the commercial garage are deeded with the unit. Four more spaces behind the secured garage gate are available separately, bringing the potential total to ten.
The property is at 3800 N. Fairfax Drive in Arlington’s Virginia Square. Six parking spaces in the commercial garage are deeded with the unit. Four more spaces behind the secured garage gate are available separately, bringing the potential total to ten.
Key Highlights
- 1,672‑square‑foot commercial condominium
- Existing optometry and optical retail buildout
- Courtyard‑facing entrance at Tower Villas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,931
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,620
$1.1M
Cap Rate 7%
$799,014
$799.0K
Cap Rate 9%
$621,456
$621.5K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$83.7K $50.04/SF
− Vacancy
−$3.8K −$2.25/SF
EGI
$79.9K $47.79/SF
− OpEx
−$24.0K −$14.34/SF
NOI
$55.9K $33.45/SF
Area
Arlington, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,620
Cap Rate 7%
$799,014
Cap Rate 9%
$621,456
Alternative Uses
Best Use
Retail
$799.0K
$699.1K – $932.2K
NOI $55,931 @ 7.0% cap · market cap 5.11%
Second Best
Healthcare Medical
$357.9K
$313.2K – $417.6K
NOI $25,055 @ 7.0% cap · market cap 2.29%
Theoretical Best
Specialty Retail
$928.7K
$812.6K – $1.08M
NOI $65,007 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
3,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - The commercial condominium has a courtyard-facing entrance and six deeded garage parking spaces.
Where is this retail space located?
The property is located at 3800 N FAIRFAX DRIVE #100 Arlington, VA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 1,672‑square‑foot commercial condominium; Existing optometry and optical retail buildout; Courtyard‑facing entrance at Tower Villas
