Ground-Level Office
4200 Evergreen Ln Unit 311, Annandale, VA 22003
For Sale
$319,000
Four private offices, reception space, a restroom, and a kitchen support a flexible professional workspace.
Property Size1,136 SF
Price / SF$280.81
Days on Market50
Property Features for 4200 Evergreen Ln Unit 311
General Information
Standard status
Size
Additional Details
Floor
Highway Access
Building Details
Year Built
Listing Agency:
Better Homes and Gardens Real Estate Reserve
Listed By:
Junghwan Lee · License #0225067357
(240) 888-6609
Source:
Riverfoxrealty
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 5 at 10:01PM
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 Better Homes and Gardens Real Estate Reserve
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Investment Insights
Based on property information with market context.
This 1,136-square-foot office condominium is an end unit at Merion Centre with a courtyard-facing orientation. The ground-level layout includes a reception and waiting area, four private multipurpose offices, one restroom, and a kitchen. A recently replaced HVAC system adds a current building-system improvement, while the interior can be configured for the next owner's needs.
The property is located in Annandale with ample unassigned parking and access to I-495, I-395, Rt. 236, and Columbia Pike. Shopping and restaurants are nearby, adding convenient amenities for occupants and visitors. Built in 1988, the office condo offers a defined layout with room for adaptation within an established commercial center.
The property is located in Annandale with ample unassigned parking and access to I-495, I-395, Rt. 236, and Columbia Pike. Shopping and restaurants are nearby, adding convenient amenities for occupants and visitors. Built in 1988, the office condo offers a defined layout with room for adaptation within an established commercial center.
Key Highlights
- 1,136‑square‑foot end‑unit office condominium
- Ground‑level location facing the Merion Centre courtyard
- Reception area, waiting area, four private offices, restroom, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,504
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,080
$430.1K
Cap Rate 7%
$307,200
$307.2K
Cap Rate 9%
$238,933
$238.9K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$33.5K $29.52/SF
− Vacancy
−$4.9K −$4.28/SF
EGI
$28.7K $25.24/SF
− OpEx
−$7.2K −$6.31/SF
NOI
$21.5K $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%
$430,080
Cap Rate 7%
$307,200
Cap Rate 9%
$238,933
Alternative Uses
Best Use
Office B
$307.2K
$268.8K – $358.4K
NOI $21,504 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,636
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
$694,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Annandale, VA
Properties on Market for Office Units in Annandale
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four private offices, reception space, a restroom, and a kitchen support a flexible professional workspace.
Where is this office unit located?
The property is located at 4200 Evergreen Ln Unit 311 Annandale, VA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1,136‑square‑foot end‑unit office condominium; Ground‑level location facing the Merion Centre courtyard; Reception area, waiting area, four private offices, restroom, and kitchen
