Medical Office Condominium
For Sale
$825,000
3930 Walnut St Unit 250, Fairfax, VA 22030
Move-in-ready medical office condo with elevator access, reception, kitchenette, and private offices with abundant natural light.
Property Size3,202 SF
Price / SF$257.65
Days on Market93
Property Features for 3930 Walnut St Unit 250
General Information
Standard status
Active
Size
3,202 SF
Building Details
Year Built
1964
Tenancy
Single
Listing Agency:
Sperry Van Ness
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 734-2822
Source:
Premierehomegroup
Added: Jul 9
Changed: Sep 11
Last Checked: Oct 7 at 2:18PM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This professional medical office condominium is offered for sale and is currently occupied as a therapy practice. The suite includes a spacious reception and waiting area, a kitchenette, and multiple private offices. Window-lined exterior walls provide abundant natural light throughout the space. Recent updates include new paint, new carpet, and modern fixtures.
Elevator access provides convenient entry to the condominium suite. The condominium association permits both medical and professional office uses, supporting a range of compliant healthcare and office applications.
The layout is designed around a client-facing reception and waiting area, with additional rooming for private offices, making it well suited for therapy and other professional environments within the permitted use guidelines.
Elevator access provides convenient entry to the condominium suite. The condominium association permits both medical and professional office uses, supporting a range of compliant healthcare and office applications.
The layout is designed around a client-facing reception and waiting area, with additional rooming for private offices, making it well suited for therapy and other professional environments within the permitted use guidelines.
Key Highlights
- Move‑in‑ready medical office condominium in a 1964 building
- Spacious reception and waiting area plus kitchenette
- Multiple private offices with abundant natural light from window‑lined exterior walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,613
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,260
$1.2M
Cap Rate 7%
$865,900
$865.9K
Cap Rate 9%
$673,478
$673.5K
Market Conditions
NOI Build-Up for 3,202 SF
Gross rent
$94.5K $29.52/SF
− Vacancy
−$13.7K −$4.28/SF
EGI
$80.8K $25.24/SF
− OpEx
−$20.2K −$6.31/SF
NOI
$60.6K $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%
$1,212,260
Cap Rate 7%
$865,900
Cap Rate 9%
$673,478
Alternative Uses
Best Use
Office B
$865.9K
$757.7K – $1.01M
NOI $60,613 @ 7.0% cap · market cap 7.35%
Second Best
Healthcare Medical
$833.5K
$729.3K – $972.4K
NOI $58,346 @ 7.0% cap · market cap 7.07%
Theoretical Best
Specialty Retail
$13.42M
$11.74M – $15.66M
NOI $939,539 @ 7.0% cap · market cap 113.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready medical office condo with elevator access, reception, kitchenette, and private offices with abundant natural light.
Where is this medical office space located?
The property is located at 3930 Walnut St Unit 250 Fairfax, VA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Move‑in‑ready medical office condominium in a 1964 building; Spacious reception and waiting area plus kitchenette; Multiple private offices with abundant natural light from window‑lined exterior walls
