Building Details

Year Built 1750

Listing Agency: Wright Realty, Inc. Show Phone

Listed By: Edward B Wright III · License #0225039100 Show Phone

Source: Cummingsrealtors

Added: Jul 24 Changed: Oct 27 Last Checked: Oct 26 at 3:56PM

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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 Wright Realty, Inc.

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Investment Insights

Based on property information with market context.

This offering is a single office suite within a premium, high-visibility building in the Occoquan Historic District, built circa 1750. The space includes a newly renovated, move-in-ready interior and central air conditioning. Notable exterior architectural features include two expansive front bay windows and a classic full front porch, adding strong street presence and character.

Located on Mill Street, the property is positioned across from the Occoquan River and River Mill Park. The remarks also note strong local foot traffic and convenient regional connectivity via Route 123, I-95, and Route 1.

An additional single office is also available within the same building.

Key Highlights

• Single renovated office suite in a building built circa 1750 (YearBuilt: 1750) in the Occoquan Historic District
• Central air conditioning in the office suite
• Distinctive front bay windows and a full front porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$2,345

Suggested Prices Based on Cap Rates

Cap Rate 5%

$46,900 $46.9K

Cap Rate 7%

$33,500 $33.5K

Cap Rate 9%

$26,056 $26.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 133 SF

Gross rent

$3.2K $24.24/SF

− Vacancy

−$97 −$0.73/SF

EGI

$3.1K $23.51/SF

− OpEx

−$782 −$5.88/SF

NOI

$2.3K $17.63/SF

Area

Prince William County, VA

Vacancy

3.00%

Lease Rate

$24.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$46,900

Cap Rate 7%

$33,500

Cap Rate 9%

$26,056

Alternative Uses

Best Use

Office B

$33.5K

$29.3K – $39.1K (±1% cap)

NOI $2,345 @ 7.0% cap · market cap 390.83%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$39.1K

$34.2K – $45.6K (±1% cap)

NOI $2,734 @ 7.0% cap · market cap 455.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store Auto Parts Store Pharmacy Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

398

Businesses Nearby

Explore this area Business Placement

Demographics for 22125, VA

917

Population

450

Households

2

Avg Household Size

45

Median Age

64%

College-Educated

99%

High-School Grad

0.2 sq mi

ZIP Area

4,585

Density / Sq Mi

$166,250

Median Household Income

$101,125

Median Earnings

$2,000

Median Rent

$485,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Single renovated office suite with central air in a building dating to circa 1750, featuring distinctive front bay windows.

Where is this office unit located?

The property is located at 406 MILL STREET #A Occoquan, VA.

What are key features of this property?

This property features: Single renovated office suite in a building built circa 1750 (YearBuilt: 1750) in the Occoquan Historic District; Central air conditioning in the office suite; Distinctive front bay windows and a full front porch