Two-Unit Office
5051 Backlick Road #A & B, Annandale, VA 22003
For Sale
New
$625,000
The combined space includes multiple private offices, a reception area, and a kitchen with an eat-in area.
Property Size2,000 SF
Price / SF$312.50
Days on Market4
Property Features for 5051 Backlick Road #A & B
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Asking Price
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Gurdip K Mangat · License VA #0225085855
(703) 627-8067
Source:
Johnstonrhodesrealestate
Added: Nov 11
Last Checked: Nov 13 at 9:54AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered together, the two office units contain seven offices and two bathrooms, along with a reception area and additional open space. The kitchen has cabinets, a refrigerator, and an eat-in area. The interior also includes space that can be adapted to different needs. The property was built in 1984 and is offered in as-is condition.
Key Highlights
- Two office units offered together
- Interior contains 7 offices and 2 bathrooms
- Reception area, kitchen with cabinets and refrigerator, and eat‑in area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,859
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,180
$757.2K
Cap Rate 7%
$540,843
$540.8K
Cap Rate 9%
$420,656
$420.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$59.0K $29.52/SF
− Vacancy
−$8.6K −$4.28/SF
EGI
$50.5K $25.24/SF
− OpEx
−$12.6K −$6.31/SF
NOI
$37.9K $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%
$757,180
Cap Rate 7%
$540,843
Cap Rate 9%
$420,656
Alternative Uses
Best Use
Office B
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$972.0K – $1.30M
NOI $77,760 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
153
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
Properties on Market for Office Units in Annandale
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The combined space includes multiple private offices, a reception area, and a kitchen with an eat-in area.
Where is this office unit located?
The property is located at 5051 Backlick Road #A & B Annandale, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two office units offered together; Interior contains 7 offices and 2 bathrooms; Reception area, kitchen with cabinets and refrigerator, and eat‑in area
