Renovated Office Condo with Private
For Sale
$795,000
4200 Evergreen Lane Units 334-335, Annandale, VA 22003
Move-in ready office condo with renovated interiors, conference space, and two private entrances in a C-3 zone.
Property Size2,446 SF
Price / SF$325.02
Days on Market49
Property Features for 4200 Evergreen Lane Units 334-335
General Information
Standard status
Active
Size
2,446 SF
Property subtype
Office Condo
Zoning
C-3
Additional Details
Highway Access
Yes
Listing Agency:
NAI Michael
(301) 918-2949
Listed By:
Michael DiMeglio
Source:
Naiglobal
Added: Jun 18
Changed: Jul 10
Last Checked: Aug 5 at 5:36AM
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
Investment Insights
Based on property information with market context.
4200 Evergreen Lane offers a move-in ready office condo at Units 334–335 totaling 2,446 SF. The space features a remodeled interior layout with an open office area, vaulted ceiling, and multiple private offices alongside conference room(s). Practical support spaces include a full kitchenette/break room, closets, and updated ceiling lighting. Large arched windows provide abundant natural light, and the office is served with ample electrical outlets and workstation receptacles to support day-to-day operations.
The condo includes two private entrances and ample surface parking for visitors and staff. The property is positioned for convenient commuting, with minutes to I-495 (Capital Beltway) and quick access to I-66 and Route 50. It is also described as accessible to the Metro bus network, with the area near Columbia Pike and Little River Turnpike.
C-3 zoning is noted as ideal for professional office use, including medical or government office applications. With a mix of open work areas and enclosed rooms plus dedicated conference space, Units 334–335 are well suited for teams that need controlled meeting space while maintaining efficient day-to-day collaboration.
The condo includes two private entrances and ample surface parking for visitors and staff. The property is positioned for convenient commuting, with minutes to I-495 (Capital Beltway) and quick access to I-66 and Route 50. It is also described as accessible to the Metro bus network, with the area near Columbia Pike and Little River Turnpike.
C-3 zoning is noted as ideal for professional office use, including medical or government office applications. With a mix of open work areas and enclosed rooms plus dedicated conference space, Units 334–335 are well suited for teams that need controlled meeting space while maintaining efficient day-to-day collaboration.
Key Highlights
- Move‑in ready office condo totaling 2,446 SF across Units 334‑335
- Renovated interiors with new partitions, updated ceiling lighting, and closets
- Open office area with vaulted ceiling plus multiple private offices and conference rooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $29.52 |
| − Vacancy | −$10.5k | −$4.28 |
| EGI | $61.7k | $25.24 |
| − OpEx | −$15.4k | −$6.31 |
| NOI | $46.3k | $18.93 |
2,446 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$661.5K
$578.8K – $771.7K
NOI $46,302 @ 7.0% cap · market cap 5.82%
Second Best
Healthcare Medical
$636.7K
$557.1K – $742.8K
NOI $44,570 @ 7.0% cap · market cap 5.61%
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.
Property Analytics
Property Profile
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
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 units - Move-in ready office condo with renovated interiors, conference space, and two private entrances in a C-3 zone.
Where is this office units 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: Move‑in ready office condo totaling 2,446 SF across Units 334‑335; Renovated interiors with new partitions, updated ceiling lighting, and closets; Open office area with vaulted ceiling plus multiple private offices and conference rooms
