Medical Office Suite with Reception
4216 EVERGREEN LANE #111, Annandale, VA 22003
For Sale
Contact for pricing
A ground-floor professional suite includes four private offices, a kitchen, and a bathroom.
Property Size1,503 SF
Price / SF$1.75
Days on Market53
Property Features for 4216 EVERGREEN LANE #111
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Amenities
reception/lobby area
kitchen
bathroom
Building Details
Year Built
Listing Agency:
CENTURY 21 New Millennium
(703) 556-4222
Listed By:
Jisue S Sue · License VA #02325067883
(703) 981-7468
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:15AM
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 CENTURY 21 New Millennium
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Investment Insights
Based on property information with market context.
The 1,503-square-foot suite occupies the first floor and has a layout suited to office or medical use. Its interior includes a reception and lobby area, four offices, a full-size kitchen, and a bathroom. The space was previously configured for medical office use and was built in 1987.
The property is at 4216 Evergreen Lane, Suite 111, in Annandale, Virginia, with on-site parking.
The property is at 4216 Evergreen Lane, Suite 111, in Annandale, Virginia, with on-site parking.
Key Highlights
- 1,503 square feet on the ground floor
- Four offices plus a reception and lobby area
- Full‑size kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,740
$547.7K
Cap Rate 7%
$391,243
$391.2K
Cap Rate 9%
$304,300
$304.3K
Market Conditions
NOI Build-Up for 1,503 SF
Gross rent
$53.4K $35.52/SF
− Vacancy
−$7.7K −$5.15/SF
EGI
$45.6K $30.37/SF
− OpEx
−$18.3K −$12.15/SF
NOI
$27.4K $18.22/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$35.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,740
Cap Rate 7%
$391,243
Cap Rate 9%
$304,300
Alternative Uses
Best Use
Office B
$406.4K
$355.6K – $474.2K
NOI $28,451 @ 7.0% cap
Second Best
Healthcare Medical
$391.2K
$342.3K – $456.5K
NOI $27,387 @ 7.0% cap
Theoretical Best
Specialty Retail
$834.8K
$730.5K – $974.0K
NOI $58,437 @ 7.0% cap
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
Under-served
Demand for This Use
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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
$694,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Fairfax County, VA
Properties on Market for Medical Office Space in Fairfax County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Petco Vaccination Clinic — 7434 Little River Turnpike, Annandale, VA 22003
- Columbia Pike Animal Hospital & Emergency Center — 4205 Evergreen Ln, Annandale, VA 22003
Frequently Asked Questions
What type of property is this?
Medical Office Space - A ground-floor professional suite includes four private offices, a kitchen, and a bathroom.
Where is this medical office space located?
The property is located at 4216 EVERGREEN LANE #111 Annandale, VA.
What are key features of this property?
This property features: 1,503 square feet on the ground floor; Four offices plus a reception and lobby area; Full‑size kitchen and bathroom
