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Corner Medical Office Suite
New
For Sale
$679,000

4229 LAFAYETTE CENTER DRIVE #1000, Chantilly, VA 20151

Configured with clinical rooms, private offices, a kitchen, and a patient waiting area.

Property Size2,773 SF
Price / SF$244.86
Days on Market4

Property Features for 4229 LAFAYETTE CENTER DRIVE #1000

General Information

Standard status Active
Size 2,773 SF
Property subtype Commercial

Additional Details

Furnished Yes

Building Details

Year Built 2006
Listing Agency: Fairfax Realty Select
Listed By: Amir S Khan · License #575790
Source: Cummingsrealtors
Added: Oct 4 Changed: Oct 6 Last Checked: Oct 5 at 5:51PM

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

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.

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 (±1% cap)
NOI $52,492 @ 7.0% cap · market cap 7.73%
Second Best
Healthcare Medical
$721.8K
$631.6K – $842.2K (±1% cap)
NOI $50,529 @ 7.0% cap · market cap 7.44%
Theoretical Best
Specialty Retail
$11.62M
$10.17M – $13.56M (±1% cap)
NOI $813,661 @ 7.0% cap · market cap 119.83%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Nail Salon Law Firm (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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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
More about this property
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