Two Office Units in
3837 Plaza Dr, Fairfax, VA 22030
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Two office condominium units totaling 2,582 SF in Fairfax City.
Type:RETAIL
Property size:
1,204 SFPrice / SF:
$261/SF- Added:
- May 25, 2026
- Days on Market:
- 9
- Last Refresh:
- May 27 at 8:24 am
Property Features for 3837 Plaza Dr
General Information
- Standard status
- Active
- Size
- 1,204 SF
- Property subtype
- RETAIL
Listing agent Peter Pokorny License #0225257962 (703) 850-9099
Listing office Serafin Real Estate (703) 850-9099
Listing date May 25, 2026
Source Moodyscre
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
HighLights
- Combined 2,582 SF of CR‑zoned professional office space in Fairfax City.
- Two separately deeded units offer flexibility to lease or sell independently.
- Vacant units allow for immediate occupancy or lease‑up with no transition period.
- Suited for owner‑users to consolidate and build equity.
- CR zoning accommodates a wide range of professional services.
- Projected stabilized income of $62,000 to $72,000 annually for investors.
Overview
Two separately deeded office condominium units are available within Building B of Old Lee Plaza. Located in the heart of Fairfax City, the units include 1,308 SF on the ground floor and 1,274 SF directly above, offered together. The combined space of 2,582 SF is zoned CR for professional office use. Both units are vacant and available for immediate occupancy or lease-up, with no existing tenants or transition period. Each unit has its own tax parcel and condo documents, allowing them to be held, leased, or sold independently. This stacked configuration is suitable for a growing professional services firm needing functional separation, such as client-facing space on one floor and administrative or back-office functions on the other. CR zoning accommodates various professional users, including attorneys, CPAs, financial advisors, insurance professionals, property managers, and healthcare practitioners, without special exceptions or additional approvals. Fairfax City's professional services market supports office rents in the $24 to $28 per SF range, with stabilized income across both units projected at $62,000 to $72,000 annually. The two-parcel structure preserves future optionality, allowing the holder to collect income or sell each unit independently into a submarket with consistent owner-user demand.
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 | $35.5k | $29.52 |
| − Vacancy | −$5.2k | −$4.28 |
| EGI | $30.4k | $25.24 |
| − OpEx | −$7.6k | −$6.31 |
| NOI | $22.8k | $18.93 |
1,204 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$325.6K
$284.9K – $379.9K
NOI $22,791 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.05M
$4.42M – $5.89M
NOI $353,281 @ 7.0% cap · market cap 112.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bruce W Reyle ...
Real Estate Agency
Bruce W. Reyle ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Fairfax
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.3011027
- Latitude
- 38.8488279
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Two office condominium units totaling 2,582 SF in Fairfax City.
Where is this office units located?
The property is located at 3837 Plaza Dr 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: Combined 2,582 SF of CR‑zoned professional office space in Fairfax City.; Two separately deeded units offer flexibility to lease or sell independently.; Vacant units allow for immediate occupancy or lease‑up with no transition period.
