First-Floor Office
For Sale
$329,000
6-5205 Lyngate Ct, Burke, VA 22015
Built-out suite with reception, private offices, conference room, kitchenette, and restroom.
Property Size1,177 SF
Price / SF$279.52
Days on Market91
Property Features for 6-5205 Lyngate Ct
General Information
Standard status
Active
Size
1,177 SF
Additional Details
Floor
1
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,694
Amenities
secure access
Listing Agency:
Sperry Van Ness
(703) 734-2822
Listed By:
Kayvan Mehrbakhsh
(703) 734-2822
Source:
Exprealty
Added: May 14
Changed: Aug 12
Last Checked: Aug 12 at 3:28AM
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 Sperry Van Ness
Investment Insights
Based on property information with market context.
This first-floor office condominium at Burke Professional Center contains approximately 1,177 SF with a practical layout for professional operations. The suite includes a reception area, private offices, conference room, kitchenette, and restroom, along with updated finishes, abundant natural light, and secure access.
Free surface parking is available on site. The property is positioned near Braddock Road, Rolling Road, and I-495, providing access to surrounding areas. The existing configuration supports medical, educational, personal service, and other professional uses.
Free surface parking is available on site. The property is positioned near Braddock Road, Rolling Road, and I-495, providing access to surrounding areas. The existing configuration supports medical, educational, personal service, and other professional uses.
Key Highlights
- Approximately 1,177 SF first‑floor office condominium
- Reception area, private offices, conference room, kitchenette, and restroom
- Updated finishes with abundant natural light
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
$22,280
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
6.77%
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%
$445,600
$445.6K
Cap Rate 7%
$318,286
$318.3K
Cap Rate 9%
$247,556
$247.6K
Market Conditions
NOI Build-Up for 1,177 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
$34.7K $29.52/SF
− Vacancy
−$5.0K −$4.28/SF
EGI
$29.7K $25.24/SF
− OpEx
−$7.4K −$6.31/SF
NOI
$22.3K $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%
$445,600
Cap Rate 7%
$318,286
Cap Rate 9%
$247,556
Alternative Uses
Best Use
Office B
$318.3K
$278.5K – $371.3K
NOI $22,280 @ 7.0% cap · market cap 6.77%
Second Best
Healthcare Medical
$306.4K
$268.1K – $357.5K
NOI $21,447 @ 7.0% cap · market cap 6.52%
Theoretical Best
Specialty Retail
$4.93M
$4.32M – $5.76M
NOI $345,358 @ 7.0% cap · market cap 104.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
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 - Built-out suite with reception, private offices, conference room, kitchenette, and restroom.
Where is this office units located?
The property is located at 6-5205 Lyngate Ct Burke, VA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Approximately 1,177 SF first‑floor office condominium; Reception area, private offices, conference room, kitchenette, and restroom; Updated finishes with abundant natural light
