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 Market146
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
Listed By:
Kayvan Mehrbakhsh · License #0225084011
(703) 734-2822
Source:
Thebrokerlist
Added: May 18
Changed: Oct 6
Last Checked: Oct 9 at 4:17PM
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 / Yr
$22,280
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
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 - 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.
