Three-Office Professional
For Sale
$312,500
5051 Backlick Road 5051-b, Annandale, VA 22003
Open layout includes a reception area, in-unit half bathroom, and available on-site parking.
Property Size1,000 SF
Price / SF$312.50
Days on Market67
Property Features for 5051 Backlick Road 5051-b
General Information
Standard status
Active
Size
1,000 SF
Additional Details
Asking Price
$312,500
Building Details
Year Built
1984
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Gurdip K Mangat · License #0225085855
(703) 556-4222
Source:
Southjerseyshorehomesfinder
Added: Aug 10
Changed: Oct 3
Last Checked: Oct 7 at 12:53PM
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
Investment Insights
Based on property information with market context.
This office unit at 5051 Backlick Road includes three private offices, a reception area, and an in-unit half bathroom. The layout combines defined work areas with open space for flexible business operations. The property was built in 1984.
On-site parking is available, and Unit 5051 A is also offered for sale separately or in combination with this unit. The property is located in Annandale, Virginia, within the 5051 Backlick Road professional office setting.
On-site parking is available, and Unit 5051 A is also offered for sale separately or in combination with this unit. The property is located in Annandale, Virginia, within the 5051 Backlick Road professional office setting.
Key Highlights
- Three offices within the unit
- Reception area supports visitor‑facing operations
- In‑unit half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,930
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,600
$378.6K
Cap Rate 7%
$270,429
$270.4K
Cap Rate 9%
$210,333
$210.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$29.5K $29.52/SF
− Vacancy
−$4.3K −$4.28/SF
EGI
$25.2K $25.24/SF
− OpEx
−$6.3K −$6.31/SF
NOI
$18.9K $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%
$378,600
Cap Rate 7%
$270,429
Cap Rate 9%
$210,333
Alternative Uses
Best Use
Office B
$270.4K
$236.6K – $315.5K
NOI $18,930 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,423 @ 7.0% cap · market cap 93.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
489
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
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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 - Open layout includes a reception area, in-unit half bathroom, and available on-site parking.
Where is this office units located?
The property is located at 5051 Backlick Road 5051-b Annandale, VA.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: Three offices within the unit; Reception area supports visitor‑facing operations; In‑unit half bathroom
