Office Suite in Professional
For Sale
$235,000
5697 Columbia Pike #3404-102, Falls Church, VA 22041
For sale office suite within Rock Spring Professional Center, suitable for professional tenants seeking an established workspace.
Property Size860 SF
Price / SF$273.26
Days on Market107
Property Features for 5697 Columbia Pike #3404-102
General Information
Standard status
Active
Size
860 SF
Total Parking Spaces
3
Zoning
420
Taxes and HOA fees
Annual Taxes
$3,003
Amenities
Central Air
Electric
Electric Water Heater
Building Details
Building Size
860 SF
Year Built
1989
Listing Agency:
SEN Investment Realty
Listed By:
Tae W Lee
(703) 589-6032
Source:
Evrealestate
Added: May 27
Changed: Aug 28
Last Checked: Sep 10 at 5:19AM
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 SEN Investment Realty
Investment Insights
Based on property information with market context.
This offering is an office suite located within Rock Spring Professional Center. The property is presented for sale as a small, dedicated office unit, making it practical for professionals looking for a defined space rather than a shared arrangement.
The suite is addressed at 5697 Columbia Pike #3404-102 in Falls Church, Virginia, in Fairfax County. Access directions are provided from Route 7, traveling east on Columbia Pike for two blocks, with the professional center on the right.
Because the space is specifically configured as an office unit within an established professional center, it may fit well for legal, accounting, consulting, administrative, or other office-based users. For buyers, the controlled, suite-based format can be helpful when planning an office footprint for an operating business or an office-tenanted investment strategy, subject to buyer due diligence.
The suite is addressed at 5697 Columbia Pike #3404-102 in Falls Church, Virginia, in Fairfax County. Access directions are provided from Route 7, traveling east on Columbia Pike for two blocks, with the professional center on the right.
Because the space is specifically configured as an office unit within an established professional center, it may fit well for legal, accounting, consulting, administrative, or other office-based users. For buyers, the controlled, suite-based format can be helpful when planning an office footprint for an operating business or an office-tenanted investment strategy, subject to buyer due diligence.
Key Highlights
- Office suite in Rock Spring Professional Center
- Central air cooling
- Electric heating
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
$16,280
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
6.93%
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%
$325,600
$325.6K
Cap Rate 7%
$232,571
$232.6K
Cap Rate 9%
$180,889
$180.9K
Market Conditions
NOI Build-Up for 860 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
$25.4K $29.52/SF
− Vacancy
−$3.7K −$4.28/SF
EGI
$21.7K $25.24/SF
− OpEx
−$5.4K −$6.31/SF
NOI
$16.3K $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%
$325,600
Cap Rate 7%
$232,571
Cap Rate 9%
$180,889
Alternative Uses
Best Use
Office B
$232.6K
$203.5K – $271.3K
NOI $16,280 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.21M
NOI $252,343 @ 7.0% cap · market cap 107.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - For sale office suite within Rock Spring Professional Center, suitable for professional tenants seeking an established workspace.
Where is this office units located?
The property is located at 5697 Columbia Pike #3404-102 Falls Church, VA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Office suite in Rock Spring Professional Center; Central air cooling; Electric heating
