Annandale Office Condo For
For Sale
$795,000
4200 Evergreen Lane Units 334-335, Annandale, VA 22003
Main-level office condo in Merion Centre, Annandale, with recent HVAC.
Property Size2,446 SF
Days on Market329
Property Features for 4200 Evergreen Lane Units 334-335
General Information
Standard status
Active
Size
2,446 SF
Property subtype
Office Condo
Building Details
Building Size
2,446 SF
Listing Agency:
NAI Michael
Listed By:
Michael DiMeglio
(301) 918-2949
Source:
Naimichael
Added: Nov 27, 2025
Changed: Oct 19
Last Checked: Oct 20 at 6:21PM
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 NAI Michael
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Investment Insights
Based on property information with market context.
This is a cozy and quiet end-unit office condo located on the main or ground level of the Merion Centre in Annandale. The unit faces the courtyard. The layout includes a reception and waiting area, four private multipurpose offices, a restroom, and a kitchen. A new HVAC system has been recently installed. The property offers flexibility for the new owner to configure the ample space to their specific needs. The location provides convenient access to I-495, 395, Route 236, and Columbia Pike. Ample unassigned parking is available. The property is located in close proximity to a variety of shopping and restaurant options.
Key Highlights
- Ground‑level, end‑unit office condo in desirable Merion Centre.
- Features a reception area, 4 private offices, restroom, and kitchen.
- Brand new HVAC system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,302
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,040
$926.0K
Cap Rate 7%
$661,457
$661.5K
Cap Rate 9%
$514,467
$514.5K
Market Conditions
NOI Build-Up for 2,446 SF
Gross rent
$72.2K $29.52/SF
− Vacancy
−$10.5K −$4.28/SF
EGI
$61.7K $25.24/SF
− OpEx
−$15.4K −$6.31/SF
NOI
$46.3K $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 Rate 5%
$926,040
Cap Rate 7%
$661,457
Cap Rate 9%
$514,467
Alternative Uses
Best Use
Office B
$661.5K
$578.8K – $771.7K
NOI $46,302 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.25M
$8.97M – $11.96M
NOI $717,711 @ 7.0% cap · market cap 90.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Main-level office condo in Merion Centre, Annandale, with recent HVAC.
Where is this office unit located?
The property is located at 4200 Evergreen Lane Units 334-335 Annandale, VA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Ground‑level, end‑unit office condo in desirable Merion Centre.; Features a reception area, 4 private offices, restroom, and kitchen.; Brand new HVAC system.
