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    First-Floor Office Condominium Title is generated by Realmo AI

    5623 COLUMBIA PIKE, Falls Church, VA 22041

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    For Sale
    $425,000

    Commercial Sale - FALLS CHURCH, VA

    Type:Office
    Property size:
    1,000 SF
    Price / SF:
    $425/SF
    Added:
    Apr 13, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 20 at 5:06 pm

    Property Features for 5623 COLUMBIA PIKE

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    11
    Parking features
    Parking Lot
    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

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    Listing Contact
    Almaz Gebrehiwot
    Almaz Gebrehiwot

    Listing agent Almaz Gebrehiwot License #0225177159

    Listing office Samson Properties 14291 Park Meadow Drive unit: 500, Chantilly, VA

    Listing date Apr 13, 2026

    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.

    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
    • Convenient access to I‑395, Route 50, I‑495, Washington D.C., Arlington, and Alexandria
    • Located in a well‑maintained professional center in the heart of Falls Church
    • Flexible layout previously used as a pharmacy and professional office

    Overview

    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.

    Local Financial Insights For Retail

    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 $40.6k $40.56
    − Vacancy −$1.4k −$1.38
    EGI $39.2k $39.18
    − OpEx −$11.8k −$11.75
    NOI $27.4k $27.43
    1,000 SF · lease $40.56/SF/yr · vacancy 3.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $391.8K
    $342.8K – $457.1K (±1% cap)
    NOI $27,427 @ 7.0% cap · market cap 6.45%
    Second Best
    Office B
    $270.4K
    $236.6K – $315.5K (±1% cap)
    NOI $18,930 @ 7.0% cap · market cap 4.45%
    Theoretical Best
    Specialty Retail
    $4.19M
    $3.67M – $4.89M (±1% cap)
    NOI $293,423 @ 7.0% cap · market cap 69.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1247
    Latitude
    38.85192

    FAQs

    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
    More about this property
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