Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Condo Unit For Rent Title is generated by Realmo AI

    5719 CENTRE SQUARE DRIVE 10, Centreville, VA 20120

    View on Map
    Claim this Listing
    For Lease
    $1,750/Mo $21 SF/Yr (calc)

    Updated 1000 sqft condo unit in Centreville, VA.

    Type:Rental
    Property size:
    1,000 SF
    Lot size:
    0.02 Acres
    Added:
    May 10, 2024
    Days on Market:
    752
    Last Refresh:
    May 19 at 11:21 pm

    Property Features for 5719 CENTRE SQUARE DRIVE 10

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Lot size
    0.02 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Jina Hwang

    Listing agent Jina Hwang License #0225058691

    Listing office BH Investment Realty. Inc.

    Listing date May 10, 2024

    Source Exitrealty

    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 BH Investment Realty. Inc.

    HighLights

    • Great location next to routes 29 and 28
    • Updated 2nd‑floor condo unit
    • C8 zoning allowing for personal service, retail, schools, office, or medical use
    • Wood floors
    • Approximately 1000 sq ft
    • Vacant

    Overview

    Located in Centre Square, this updated second-floor condominium unit offers approximately 1000 square feet of space. The unit features wood floors and is situated near routes 29 and 28. The property is zoned C8, which allows for personal service, retail, schools, office, and medical uses. The unit is currently vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    ESTHEMAXBEAUTYCENTER Medical Clinic Jose R. Charcon, ... Physician Jose Charcon Physician Esther Skincare Medical Clinic 반디맨 (Bandy Men’s) Clothing Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4298391
    Latitude
    38.8399678

    Nearby Similar for Lease

    • $2,400/Mo

      Centreville Office Space Available

      Versatile office space suitable for medical or professional use.
      5717 CENTRE SQUARE Drive, CENTREVILLE, VA 20120
      View Details
    • $23 SF/Yr

      Move-In Ready End-Unit Office

      Prime office space suitable for educational or medical use.
      14631 ROUTE 29, CENTREVILLE, VA 20121
      View Details
    • $2,000/Mo
      1,300 SF

      Centreville Office Space For Rent

      Office space with ample parking and high visibility available for rent.
      14701 Lee Hwy #305, CENTREVILLE, VA 20121
      View Details
    • $2,200/Mo

      Route 28 Commercial Storage Opportunity

      Commercial storage available on Route 28 near Fairfax and Prince William.
      7117 CENTREVILLE Rd, Centreville, VA 20121
      View Details
    • $2,300/Mo

      Renovated Office Space in Centreville

      Recently renovated office space in a prestigious business park.
      14641 Lee Hwy #d-2, CENTREVILLE, VA 20121
      View Details
    • $28 SF/Yr
      969 SF

      Centreville Office Space For Rent

      Office space available for lease in Centreville, Virginia.
      13810-13860 Braddock Rd, Centreville, VA
      View Details
    • Contact for pricing

      Medical Condo with X-Ray Room

      First-floor medical condo with direct access and flexible zoning.
      13880 Braddock Road, Centreville, VA 20121
      View Details
    • $32 SF/Yr
      6,108 SF

      Centreville Office Space for Rent

      Office space with lake views, amenities, and tenant-focused ownership.
      5875 Trinity Pkwy, Centreville, VA
      View Details
    • $3,250/Mo

      Office Suites in Village Center

      Office suites for lease with elevator access in Centreville.
      5675 Stone Road #200, CENTREVILLE, VA 20120
      View Details
    • $24 SF/Yr
      3,226 SF

      Centreville Office Space For Rent

      Office space available in a convenient shopping destination.
      5667-5675 Stone Rd, Centreville, VA
      View Details
    • $28 SF/Yr
      969 SF

      Centreville Office Space Available

      969 SF office space for rent in Centreville, VA.
      13890 Braddock Rd, Centreville, VA
      View Details
    • Contact for pricing

      Restaurant Space For Lease

      2,784 SF second generation restaurant space available for lease.
      5037 - 5135 Westfields Boulevard, Centreville, VA 20120
      View Details

    FAQs

    What type of property is this?
    Office units - Updated 1000 sqft condo unit in Centreville, VA.
    Where is this office units located?
    The property is located at 5719 CENTRE SQUARE DRIVE 10 Centreville, VA.
    What is the lease rate?
    The lease rate is $1,750 /Mo.
    What are key features of this property?
    This property features: Great location next to routes 29 and 28; Updated 2nd‑floor condo unit; C8 zoning allowing for personal service, retail, schools, office, or medical use
    (703) 608-4729
    We can help!
    Listing Contact
    Jina Hwang
    Real Estate License ID: 0225058691
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5719 CENTRE SQUARE DRIVE 10, CENTREVILLE, VA 20120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!