Annandale Office Space For
For Sale
Contact for pricing
4304 Evergreen Ln, Annandale, VA 22003
Office unit in Annandale's commercial district, suitable for various uses.
Property Size1,322 SF
Price / SF$218.61
Days on Market217
Property Features for 4304 Evergreen Ln
General Information
Standard status
Active
Size
1,322 SF
Class
B
Property subtype
Office
Listing Agency:
Long & Foster Vienna Tysons, VA - Realty
Listed By:
Erika Garcia · License #SP98372810
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 3:17PM
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 Long & Foster Vienna Tysons, VA - Realty
Investment Insights
Based on property information with market context.
This office space is available for sale or lease and is situated in the heart of Annandale, within the C-3 Commercial District. The location is suitable for professional offices, adult education, technical training facilities, or beauty and hair schools. The unit features an ample foyer, five private offices, four of which have windows, a kitchenette, a utility room, and one bathroom. The space benefits from wood floors and abundant natural light. The layout is designed for efficiency. This is a second-floor unit, and there is no elevator. The Homeowners Association (HOA) covers snow removal, building maintenance, water, and trash services. Ample parking is available. The property has a size of 1322 square feet.
Key Highlights
- Prime location in the heart of Annandale's C‑3 Commercial District.
- Suitable for a variety of uses including professional offices, adult education, technical training, or beauty/hair school.
- Features 5 private offices (4 with windows), kitchenette, and utility room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,025
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,500
$500.5K
Cap Rate 7%
$357,500
$357.5K
Cap Rate 9%
$278,056
$278.1K
Market Conditions
NOI Build-Up for 1,322 SF
Gross rent
$39.0K $29.52/SF
− Vacancy
−$5.7K −$4.28/SF
EGI
$33.4K $25.24/SF
− OpEx
−$8.3K −$6.31/SF
NOI
$25.0K $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%
$500,500
Cap Rate 7%
$357,500
Cap Rate 9%
$278,056
Alternative Uses
Best Use
Office B
$357.5K
$312.8K – $417.1K
NOI $25,025 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.54M
$4.85M – $6.47M
NOI $387,905 @ 7.0% cap · market cap 134.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office unit in Annandale's commercial district, suitable for various uses.
Where is this office units located?
The property is located at 4304 Evergreen Ln Annandale, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Prime location in the heart of Annandale's C‑3 Commercial District.; Suitable for a variety of uses including professional offices, adult education, technical training, or beauty/hair school.; Features **5 private offices** (4 with windows), kitchenette, and utility room.
