5623 COLUMBIA PIKE, Falls Church, VA 22041
Commercial Sale - FALLS CHURCH, VA
- 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
Listing agent Almaz Gebrehiwot License #0225177159 (703) 220-1056
Listing office Samson Properties 14291 Park Meadow Drive unit: 500, Chantilly, VA (703) 378-8810
Listing date Apr 13, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Falls Church
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1247
- Latitude
- 38.85192