First-Floor Office Condo
For Sale
$425,000
5623 Columbia Pike Unit 103, Falls Church, VA 22041
Street-level office condominium in a professional center, suited for client-facing practices with ample surface parking.
Property Size1,000 SF
Price / SF$425
Days on Market116
Property Features for 5623 Columbia Pike Unit 103
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Building Details
Year Built
1980
Listing Agency:
(703) 220-1056
Listed By:
Samson Properties
(703) 220-1056
Source:
Xome
Added: Apr 6
Changed: Jul 10
Last Checked: Jun 14 at 2:01AM
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 Samson Properties
Investment Insights
Based on property information with market context.
Unit 123 is a first-floor office condominium offering street-level, client-ready space in the established Rock Spring Professional Center. The suite is approximately 1,000 SF and features an efficient layout intended to support both client-facing operations and private work areas. Based on prior use as a pharmacy and professional office space, the unit offers flexibility for a range of professional or retail uses with minimal reconfiguration. Ample surface parking is available for clients and staff.
The property is positioned directly at the intersection of Columbia Pike and Bailey’s Crossroads, providing convenient access to major commuter routes including I-395, Route 50, and I-495. It is located in Falls Church, with quick access to Washington, D.C., Arlington, and Alexandria, supporting daily convenience for clients and employees.
This suite is a practical fit for owner-users seeking a well-situated, client-facing office environment, as well as for investors looking to own a condominium within an established professional office community. The space is described as suitable for a variety of professional uses, including medical, legal, accounting, insurance, and boutique service businesses, or other retail-oriented concepts that benefit from visibility along Columbia Pike and on-site parking.
The property is positioned directly at the intersection of Columbia Pike and Bailey’s Crossroads, providing convenient access to major commuter routes including I-395, Route 50, and I-495. It is located in Falls Church, with quick access to Washington, D.C., Arlington, and Alexandria, supporting daily convenience for clients and employees.
This suite is a practical fit for owner-users seeking a well-situated, client-facing office environment, as well as for investors looking to own a condominium within an established professional office community. The space is described as suitable for a variety of professional uses, including medical, legal, accounting, insurance, and boutique service businesses, or other retail-oriented concepts that benefit from visibility along Columbia Pike and on-site parking.
Key Highlights
- Unit 123 is a first‑floor, street‑level office condominium in the Rock Spring Professional Center
- Approximately 1,000 SF of functional space suitable for professional or retail uses
- Previously used as a pharmacy and professional office, offering flexibility for different business types
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
Healthcare Medical
$260.3K
$227.8K – $303.7K
NOI $18,222 @ 7.0% cap · market cap 4.29%
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
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 office condominium in a professional center, suited for client-facing practices with ample surface parking.
Where is this office units located?
The property is located at 5623 Columbia Pike Unit 103 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: Unit 123 is a first‑floor, street‑level office condominium in the Rock Spring Professional Center; Approximately 1,000 SF of functional space suitable for professional or retail uses; Previously used as a pharmacy and professional office, offering flexibility for different business types
