Corner Medical Office
4229 LAFAYETTE CENTER DRIVE #1000, Chantilly, VA 20151
For Sale
$679,000
Configured with clinical rooms, private offices, a kitchen, and a patient waiting area.
Property Size2,773 SF
Price / SF$244.86
Days on Market35
Property Features for 4229 LAFAYETTE CENTER DRIVE #1000
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Building Details
Year Built
Listing Agency:
Fairfax Realty Select
(703) 533-8660
Listed By:
Amir S Khan · License #0225067884
(703) 629-3541
Source:
Cummingsrealtors
Added: Oct 5
Changed: Nov 6
Last Checked: Nov 8 at 5:58AM
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This 2006 medical office suite offers seven exam rooms, two offices, a kitchen, and a waiting room. Furnishings may be included in the conveyance, providing flexibility for a buyer evaluating the existing setup.
The corner suite is at 4229 Lafayette Center Dr in Chantilly, near Route 50 and Pleasant Valley Road.
The corner suite is at 4229 Lafayette Center Dr in Chantilly, near Route 50 and Pleasant Valley Road.
Key Highlights
- Seven exam rooms and two offices
- Kitchen and waiting room included in the layout
- Furnishings may convey with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,492
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,840
$1.0M
Cap Rate 7%
$749,886
$749.9K
Cap Rate 9%
$583,244
$583.2K
Market Conditions
NOI Build-Up for 2,773 SF
Gross rent
$81.9K $29.52/SF
− Vacancy
−$11.9K −$4.28/SF
EGI
$70.0K $25.24/SF
− OpEx
−$17.5K −$6.31/SF
NOI
$52.5K $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%
$1,049,840
Cap Rate 7%
$749,886
Cap Rate 9%
$583,244
Alternative Uses
Best Use
Office B
$749.9K
$656.2K – $874.9K
NOI $52,492 @ 7.0% cap · market cap 7.73%
Second Best
Healthcare Medical
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$11.62M
$10.17M – $13.56M
NOI $813,661 @ 7.0% cap · market cap 119.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20151, VA
22,653
Population
6,966
Households
3.3
Avg Household Size
39
Median Age
57%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
1,425
Density / Sq Mi
$143,422
Median Household Income
$64,002
Median Earnings
$2,245
Median Rent
$647,400
Median Home Value
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Market
Average Price Trend$/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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with clinical rooms, private offices, a kitchen, and a patient waiting area.
Where is this medical office space located?
The property is located at 4229 LAFAYETTE CENTER DRIVE #1000 Chantilly, VA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Seven exam rooms and two offices; Kitchen and waiting room included in the layout; Furnishings may convey with the sale
