Two-Level Office Condo
5136 Leesburg Pike Ste 7 Alexandria, VA 22302
For Sale
Contact for pricing
Fully leased two-level office condo with private offices, open workspaces, reception, and kitchenette and storage on both floors.
Property Size1,920 SF
Price / SF$395.83
Days on Market43
Property Features for 5136 Leesburg Pike Ste 7
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency:
Weber Rector Commercial Real Estate Services, Inc.
(703) 330-1224
Listed By:
Carmela Patrick · License #VA 0225206723
Source:
Crexi
Added: Jun 12
Changed: Jul 23
Last Checked: Jul 23 at 2:03PM
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 Weber Rector Commercial Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This fully leased office condo investment offers an entire two-level building configured across the first and second floors. The space includes private offices, open work areas, reception areas, storage, restrooms, and kitchenette areas, supporting a functional day-to-day professional office layout. The property is well maintained and currently occupied by two tenants with lease terms extending through 11/30/2027 and 1/31/2029, providing approximately $34,513.96 in current NOI.
The building is located in the Skyline Court professional plaza on Rt. 7/Leesburg Pike with 35,000 VPD. It is also positioned less than 1 mile from I-395 and near other major thoroughfares including Rt. 50, I-66, and I-495. The property sits within a designated Opportunity Zone.
The building is located in the Skyline Court professional plaza on Rt. 7/Leesburg Pike with 35,000 VPD. It is also positioned less than 1 mile from I-395 and near other major thoroughfares including Rt. 50, I-66, and I-495. The property sits within a designated Opportunity Zone.
Key Highlights
- Two‑level office condo investment, fully leased and currently occupied by two tenants
- Tenant leases extend through 11/30/2027 and 1/31/2029, supporting stable in‑place income
- Current NOI is approximately $34,513.96
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 | $40.1k | $20.88 |
| − Vacancy | −$5.8k | −$3.03 |
| EGI | $34.3k | $17.85 |
| − OpEx | −$8.6k | −$4.46 |
| NOI | $25.7k | $13.39 |
1,920 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$367.2K
$321.3K – $428.5K
NOI $25,707 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.07M
$933.1K – $1.24M
NOI $74,650 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yang Guang Massage
Alternative Medicine Practice
Gannett Financials, Inc.
Tax Preparation
FAQs
What type of property is this?
Office building - Fully leased two-level office condo with private offices, open workspaces, reception, and kitchenette and storage on both floors.
Where is this office building located?
The property is located at 5136 Leesburg Pike Ste 7 Alexandria, VA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two‑level office condo investment, fully leased and currently occupied by two tenants; Tenant leases extend through 11/30/2027 and 1/31/2029, supporting stable in‑place income; Current NOI is approximately $34,513.96
