Office Condo with Private
513 W Broad St. Falls Church, VA 22046
513 W Broad St., Falls Church, VA, 22046
Contact for pricing
For Sale
Contact for pricing
Bright office space with three walls of windows, high ceilings, two restrooms, and private elevator access.
Property Size3,070 SF
Price / SF$301.30
Days on Market23
Property Features for 513 W Broad St.
General Information
- Standard status
- Active
- Size
- 3,070 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
Korte Realty
(703) 217-6519
Listed by
Treena Rinaldi · License #VA
Source
Crexi
Added: Jun 30 Updated: Jul 22 at 11:52AM Checked: Jul 22 at 11:52AM
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 Korte Realty
Investment Insights
Based on property information with market context.
Office condominium unit at 513 W. Broad St., Falls Church, VA 22046, designed with three walls of windows and high ceilings for a bright, open interior. The space includes two restrooms and an enclosed childcare area that is removable.
Access is provided by a private elevator, with ample garage parking available. The property is described as positioned between two Metros and near two entrances to I-66.
B1 zoning allows multiple professional uses, including office, medical, and institutional.
Access is provided by a private elevator, with ample garage parking available. The property is described as positioned between two Metros and near two entrances to I-66.
B1 zoning allows multiple professional uses, including office, medical, and institutional.
Key Highlights
- Year built 2006
- Bright office space with three walls of windows and high ceilings
- Private elevator access
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.6k | $29.52 |
| − Vacancy | −$13.1k | −$4.28 |
| EGI | $77.5k | $25.24 |
| − OpEx | −$19.4k | −$6.31 |
| NOI | $58.1k | $18.93 |
3,070 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$830.2K
$726.4K – $968.6K
NOI $58,114 @ 7.0% cap · market cap 6.28%
Second Best
Healthcare Medical
$799.2K
$699.3K – $932.4K
NOI $55,941 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$12.87M
$11.26M – $15.01M
NOI $900,807 @ 7.0% cap · market cap 97.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Penzeys Spices
Grocery & Convenience Store
AWCI - Association of the Wall ...
Charitable Organization
Harvey's
Restaurant
EIFS Industry Members ...
Charitable Organization
Laura Robinette MD
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Bright office space with three walls of windows, high ceilings, two restrooms, and private elevator access.
Where is this office units located?
The property is located at 513 W Broad St. Falls Church, VA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Year built 2006; Bright office space with three walls of windows and high ceilings; Private elevator access
