First-Floor Office
For Sale
$425,000
5623 COLUMBIA PIKE, Falls Church, VA 22041
Commercial Sale - FALLS CHURCH, VA
Property Size1,000 SF
Price / SF$425
Days on Market115
Property Features for 5623 COLUMBIA PIKE
General Information
Property type
Other
Property subtype
Office
Parking
11
Parking features
Parking Lot
Elementary school
GLEN FOREST
Middle school
GLASGOW
High school
STUART
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Tax Annual Amount
3800
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1980
Building materials
Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Almaz Gebrehiwot · License #0225177159
(703) 220-1056
Added: Apr 13
Changed: Jun 9
Last Checked: Aug 5 at 4:06PM
MLS# VAFX2300028
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Available for sale, Unit 123 is a first-floor office condominium offering approximately +/-1,000 SF of street-level space at the Rock Spring Professional Center. The suite features an efficient layout designed to support client-facing operations as well as private workspace. It has been previously utilized as a pharmacy and professional office space, and the configuration is described as flexible for a range of professional or retail uses with minimal reconfiguration.
The building is positioned at the intersection of Columbia Pike and Bailey’s Crossroads, placing the unit directly along Columbia Pike. The property is within an established, well-maintained office community and includes ample surface parking intended for clients and staff.
This space can work for owner-users and investors seeking a well-located option along a major retail and professional corridor in Falls Church, with convenient access to major commuter routes including I-395, Route 50, and I-495. The unit’s street-level character and adaptable interior support a variety of professional services, including medical, legal, accounting, insurance, or boutique service businesses, depending on the needs of the incoming operator or tenant.
The building is positioned at the intersection of Columbia Pike and Bailey’s Crossroads, placing the unit directly along Columbia Pike. The property is within an established, well-maintained office community and includes ample surface parking intended for clients and staff.
This space can work for owner-users and investors seeking a well-located option along a major retail and professional corridor in Falls Church, with convenient access to major commuter routes including I-395, Route 50, and I-495. The unit’s street-level character and adaptable interior support a variety of professional services, including medical, legal, accounting, insurance, or boutique service businesses, depending on the needs of the incoming operator or tenant.
Key Highlights
- High‑visibility, first‑floor office condo on Columbia Pike with strong traffic and signage potential
- Functional +/-1,000 SF space suitable for various professional or retail uses
- Ample surface parking for clients and staff
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 | $29.5k | $29.52 |
| − Vacancy | −$4.3k | −$4.28 |
| EGI | $25.2k | $25.24 |
| − OpEx | −$6.3k | −$6.31 |
| NOI | $18.9k | $18.93 |
1,000 SF · lease $29.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$270.4K
$236.6K – $315.5K
NOI $18,930 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,423 @ 7.0% cap · market cap 69.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
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 - Street-level Unit 123 in a professional center with surface parking and flexible layout for office or retail services.
Where is this office units located?
The property is located at 5623 COLUMBIA PIKE Falls Church, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑visibility, first‑floor office condo on Columbia Pike with strong traffic and signage potential; Functional +/-1,000 SF space suitable for various professional or retail uses; Ample surface parking for clients and staff
