Office Condominium
3823 Plaza Drive Fairfax, VA 22030
3823 Plaza Drive, Fairfax, VA, 22030
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For Sale
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1,274 SF office condominium in an established office park setting, built in 1980.
Property Size1,274 SF
Price / SF$247.25
Days on Market63
Property Features for 3823 Plaza Drive
General Information
- Standard status
- Active
- Size
- 1,274 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing agency
Serafin Real Estate
(703) 261-4809
Listed by
Peter Pokorny · License #0225257962
Source
Crexi
Added: May 21 Updated: Jul 21 at 6:34PM Checked: Jul 21 at 6:34PM
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.
This 1,274 SF office condominium suite at 3823 Plaza Drive was built in 1980 and is located within an established office park setting. Offered for sale in condominium form, the property allows for individual ownership without the operational complexity of a standalone building. Interior configuration details are available upon request, and prospective buyers are encouraged to schedule a walkthrough to review the current layout and condition.
The suite is suited to professional office use, with a parking ratio of 3.5 spaces per 1,000 SF supporting typical single- or multi-staff occupancy. The City of Fairfax offers sustained demand for office and professional services space, including proximity to George Mason University and established residential density.
For accessibility, the broader submarket is served by major regional thoroughfares, supporting connectivity across Northern Virginia and access to Dulles International and Reagan National Airports. Retail amenities, dining, and services are also described as well represented along the immediate corridor.
The suite is suited to professional office use, with a parking ratio of 3.5 spaces per 1,000 SF supporting typical single- or multi-staff occupancy. The City of Fairfax offers sustained demand for office and professional services space, including proximity to George Mason University and established residential density.
For accessibility, the broader submarket is served by major regional thoroughfares, supporting connectivity across Northern Virginia and access to Dulles International and Reagan National Airports. Retail amenities, dining, and services are also described as well represented along the immediate corridor.
Key Highlights
- 1,274 SF office condominium in the City of Fairfax, VA
- Built in 1980 and located within an established office park setting
- Parking ratio of 3.5 spaces per 1,000 SF
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 | $37.6k | $29.52 |
| − Vacancy | −$5.5k | −$4.28 |
| EGI | $32.2k | $25.24 |
| − OpEx | −$8.0k | −$6.31 |
| NOI | $24.1k | $18.93 |
1,274 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$344.5K
$301.5K – $401.9K
NOI $24,116 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.34M
$4.67M – $6.23M
NOI $373,820 @ 7.0% cap · market cap 118.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 1,274 SF office condominium in an established office park setting, built in 1980.
Where is this office units located?
The property is located at 3823 Plaza Drive Fairfax, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,274 SF office condominium in the City of Fairfax, VA; Built in 1980 and located within an established office park setting; Parking ratio of 3.5 spaces per 1,000 SF
