Three-Story Office Building with
For Sale
$2,250,000
4200 DANIELS AVENUE, Annandale, VA 22003
Three-story corner-lot office building with separately metered utilities, multiple entrances, and 28 off-street parking spaces.
Property Size8,202 SF
Lot Size0.46 Acres
Price / SF$274.32
Days on Market101
Property Features for 4200 DANIELS AVENUE
General Information
Standard status
Active
Size
8,202 SF
Total Parking Spaces
28
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
C-3
Additional Details
Highway Access
Yes
Building Details
Year Built
1978
Stories
3
Listing Agency:
Long & Foster Real Estate, Inc.
(571) 926-5947
Listed By:
Timothy R Kotlowski · License #0225183202
(571) 926-5947
Source:
Cummingsrealtors
Added: May 14
Changed: Aug 22
Last Checked: Aug 22 at 3:29AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This three-story commercial building offers a flexible office setup with steel/block construction and concrete floors. Each floor is separately metered for electric and has its own HVAC service, supporting the option for office suites or separate tenants on different levels. Common restroom facilities are available, with two common bathrooms on each floor. The lower floor includes an additional bathroom within a suite and also features a kitchen within the suite. A central staircase provides access to all floors, and the building includes ADA accessibility for the 2nd floor, along with modifications on the lower floor.
Located at 4200 Daniels Avenue in Annandale within Fairfax County’s Annandale Commercial Revitalization District, the property sits on a corner lot and has two main entrances. Off-street asphalt parking totals 28 spaces, including two disabled parking spaces. The remarks also note an inside-the-beltway positioning and a central location between I-495 and I-395.
For buyers or operators seeking a manageable footprint with independent floor-level systems, the building’s separately metered electric and dedicated HVAC per floor can support multiple office occupants. The combination of central access, ADA accommodations, and on-site parking may appeal to tenants looking for practical, ready-to-manage office space within the revitalization district.
Located at 4200 Daniels Avenue in Annandale within Fairfax County’s Annandale Commercial Revitalization District, the property sits on a corner lot and has two main entrances. Off-street asphalt parking totals 28 spaces, including two disabled parking spaces. The remarks also note an inside-the-beltway positioning and a central location between I-495 and I-395.
For buyers or operators seeking a manageable footprint with independent floor-level systems, the building’s separately metered electric and dedicated HVAC per floor can support multiple office occupants. The combination of central access, ADA accommodations, and on-site parking may appeal to tenants looking for practical, ready-to-manage office space within the revitalization district.
Key Highlights
- 8,202 SF, three‑story corner‑lot commercial building in Fairfax County’s Annandale Commercial Revitalization District
- Zoned C‑3 and built with steel/block construction and concrete floors
- Each floor is separately metered for electric with potential office suite layouts on every floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,105,220
$3.1M
Cap Rate 7%
$2,218,014
$2.2M
Cap Rate 9%
$1,725,122
$1.7M
Market Conditions
NOI Build-Up for 8,202 SF
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.
Gross rent
$242.1K $29.52/SF
− Vacancy
−$35.1K −$4.28/SF
EGI
$207.0K $25.24/SF
− OpEx
−$51.8K −$6.31/SF
NOI
$155.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,105,220
Cap Rate 7%
$2,218,014
Cap Rate 9%
$1,725,122
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,261 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$34.38M
$30.08M – $40.11M
NOI $2,406,651 @ 7.0% cap · market cap 106.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story corner-lot office building with separately metered utilities, multiple entrances, and 28 off-street parking spaces.
Where is this office building located?
The property is located at 4200 DANIELS AVENUE Annandale, VA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8,202 SF, three‑story corner‑lot commercial building in Fairfax County’s Annandale Commercial Revitalization District; Zoned C‑3 and built with steel/block construction and concrete floors; Each floor is separately metered for electric with potential office suite layouts on every floor
