Burke Professional Office
For Sale
$329,000
5205a Lyngate Ct # 6, Burke, VA 22015
Professionally built-out office condo in the heart of Burke, VA.
Property Size1,177 SF
Price / SF$279.52
Days on Market101
Property Features for 5205a Lyngate Ct # 6
General Information
Standard status
Active
Size
1,177 SF
Class
B
Property subtype
Single Tenant Office
Building Details
Building Size
1,177 SF
Year Built
1981
Listing Agency:
K&M Commercial
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 734-2822
Source:
Thebrokerlist
Added: May 18
Changed: Aug 21
Last Checked: Aug 25 at 4:50AM
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 K&M Commercial
Investment Insights
Based on property information with market context.
Located in Burke, Virginia, this professionally built-out office condo is situated within the well-maintained Burke Professional Center. The first-floor suite offers approximately 1,177 square feet of space, featuring a reception area, private offices, a conference room, a kitchenette, and a restroom. The suite benefits from abundant natural light and updated finishes. It also offers secure access and free surface parking. The space is suitable for medical, school, personal service, or other professional users. The location provides convenient access to Braddock Road, Rolling Road, and I-495, facilitating regional connectivity. The property's location just outside Washington D.C. offers access to government institutions, major corporations, and a dynamic professional landscape. Burke Lake Park provides a scenic retreat for outdoor activities. The area offers convenient access to major roadways and public transportation, with dining, entertainment, and cultural attractions.
Key Highlights
- Prime Burke, VA location with excellent access to Braddock Road, Rolling Road, and I‑495.
- Professionally built‑out 1,177 SF first‑floor office condo featuring a reception area, private offices, conference room, kitchenette, and restroom.
- Ideal for medical, school, and personal service providers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,280
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,600
$445.6K
Cap Rate 7%
$318,286
$318.3K
Cap Rate 9%
$247,556
$247.6K
Market Conditions
NOI Build-Up for 1,177 SF
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.
Gross rent
$34.7K $29.52/SF
− Vacancy
−$5.0K −$4.28/SF
EGI
$29.7K $25.24/SF
− OpEx
−$7.4K −$6.31/SF
NOI
$22.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,600
Cap Rate 7%
$318,286
Cap Rate 9%
$247,556
Alternative Uses
Best Use
Office B
$318.3K
$278.5K – $371.3K
NOI $22,280 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.93M
$4.32M – $5.76M
NOI $345,358 @ 7.0% cap · market cap 104.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally built-out office condo in the heart of Burke, VA.
Where is this office units located?
The property is located at 5205a Lyngate Ct # 6 Burke, VA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Prime Burke, VA location with excellent access to Braddock Road, Rolling Road, and I‑495.; Professionally built‑out 1,177 SF first‑floor office condo featuring a reception area, private offices, conference room, kitchenette, and restroom.; Ideal for medical, school, and personal service providers.
