4306 EVERGREEN LANE UNIT 103, Annandale, VA 22003

Building Details

Year Built 1982 More

Listing Agency: Questor Realty, Inc.

Listed By: Broderick Ashley Neel-Feller · License #0225268784 Show Phone

Source: Cummingsrealtors

Added: Sep 18 Changed: Nov 8 Last Checked: Nov 8 at 7:05AM

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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 Questor Realty, Inc.

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Investment Insights

Based on property information with market context.

Located at 4306 Evergreen Lane Unit 103 in Annandale, this 1,130-square-foot office condo occupies the first floor of a building constructed in 1982. The layout includes a spacious reception area, two large private offices, an in-suite bathroom, kitchenette, and utility closet. The reception area and larger office receive abundant natural light, while the no-stair configuration provides convenient ground-level access.

Parking is available on site, and the property sits between Columbia Pike and Little River Turnpike. The combination of a defined office layout, support areas, natural light, and first-floor access provides a functional setting for professional workspace needs.

Key Highlights

• 1,130 SF first‑floor office condo at 4306 Evergreen Lane Unit 103
• Two large private offices plus a spacious reception area
• In‑suite bathroom, kitchenette, and utility closet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,391

Suggested Prices Based on Cap Rates

Cap Rate 5%

$427,820 $427.8K

Cap Rate 7%

$305,586 $305.6K

Cap Rate 9%

$237,678 $237.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,130 SF

Gross rent

$33.4K $29.52/SF

− Vacancy

−$4.8K −$4.28/SF

EGI

$28.5K $25.24/SF

− OpEx

−$7.1K −$6.31/SF

NOI

$21.4K $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%

$427,820

Cap Rate 7%

$305,586

Cap Rate 9%

$237,678

Alternative Uses

Best Use

Office B

$305.6K

$267.4K – $356.5K (±1% cap)

NOI $21,391 @ 7.0% cap · market cap 1,069.55%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$4.74M

$4.14M – $5.53M (±1% cap)

NOI $331,567 @ 7.0% cap · market cap 16,578.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Northern Virginia Management Property Management Company Elite Management Property Management Company Jenny Jacobs, L.Ac Alternative Medicine Practice Living Free Health ... Counselor CarePeople Home Health ... Home Health Care Service

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Parking Lot & Garage Auto Parts Store Real Estate Agency Auto Repair Shop

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

1,639

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

Average Price Trend$/SF for Office Units in Annandale, VA

$264 Jul

$250 Aug

$218 Sep

$218 Oct

Properties on Market for Office Units in Annandale

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Office unit - Two offices, reception area, kitchenette, and private bathroom create a practical professional workspace.

Where is this office unit located?

The property is located at 4306 EVERGREEN LANE UNIT 103 Annandale, VA.

What are key features of this property?

This property features: 1,130 SF first‑floor office condo at 4306 Evergreen Lane Unit 103; Two large private offices plus a spacious reception area; In‑suite bathroom, kitchenette, and utility closet