Top-Floor Corner Office
For Sale
$275,000
Pending
5661 COLUMBIA PIKE, Falls Church, VA 22041
Top-floor corner suite with vaulted ceilings, abundant 3-way natural light, and a private office plus half-bath.
Property Size868 SF
Days on Market297
Property Features for 5661 COLUMBIA PIKE
General Information
Standard status
Pending
Size
868 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,031
Amenities
Central Air
3
Ceramic Tile, Carpet
Asphalt
Parking.
Lighted, Private, Lot.
City, Trees/Woods
Energy Star Doors. Other.
Building Details
Year Built
1989
Listing Agency:
(703) 266-7277
Listed By:
Compass
(703) 625-3099
Source:
Xome
Added: Nov 9, 2025
Changed: Sep 1
Last Checked: Sep 2 at 1:55PM
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 Compass
Investment Insights
Based on property information with market context.
This top-floor corner office suite offers a professional layout designed for both collaboration and focus. The space includes soaring vaulted ceilings and expansive windows providing 3-way natural light, along with a large open work area, a private executive office, and a spacious half-bath. The suite is being offered furnished and ready for immediate occupancy.
Located at 5661 Columbia Pike, Unit 3421-102 in the Rock Spring Professionals community in Falls Church, VA, the property includes ample parking for clients and staff, supporting day-to-day office access.
The combination of an open work area, private office, and abundant daylight makes the suite well-suited for a range of professional office needs within a dedicated office community setting.
Located at 5661 Columbia Pike, Unit 3421-102 in the Rock Spring Professionals community in Falls Church, VA, the property includes ample parking for clients and staff, supporting day-to-day office access.
The combination of an open work area, private office, and abundant daylight makes the suite well-suited for a range of professional office needs within a dedicated office community setting.
Key Highlights
- Top‑floor corner professional suite with vaulted ceilings and expansive windows
- Abundant 3‑way natural light exposure with ceramic tile and carpet flooring
- Includes large open work area, private executive office, and spacious half‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,431
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,620
$328.6K
Cap Rate 7%
$234,729
$234.7K
Cap Rate 9%
$182,567
$182.6K
Market Conditions
NOI Build-Up for 868 SF
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.
Gross rent
$25.6K $29.52/SF
− Vacancy
−$3.7K −$4.28/SF
EGI
$21.9K $25.24/SF
− OpEx
−$5.5K −$6.31/SF
NOI
$16.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$328,620
Cap Rate 7%
$234,729
Cap Rate 9%
$182,567
Alternative Uses
Best Use
Office B
$234.7K
$205.4K – $273.9K
NOI $16,431 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.64M
$3.18M – $4.24M
NOI $254,691 @ 7.0% cap · market cap 92.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Top-floor corner suite with vaulted ceilings, abundant 3-way natural light, and a private office plus half-bath.
Where is this office units located?
The property is located at 5661 COLUMBIA PIKE Falls Church, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Top‑floor corner professional suite with vaulted ceilings and expansive windows; Abundant 3‑way natural light exposure with ceramic tile and carpet flooring; Includes large open work area, private executive office, and spacious half‑bath
