Medical Office Suite with Exam
New
For Sale
$765,000
6134 REDWOOD SQUARE CTR #201/202 201/202, Centreville, VA 20121
Existing plumbing and a clinical layout support medical and professional office configurations.
Property Size3,280 SF
Price / SF$233.23
Days on Market1
Property Features for 6134 REDWOOD SQUARE CTR #201/202 201/202
General Information
Standard status
Active
Size
3,280 SF
Additional Details
Highway Access
Yes
Office Units
2
Amenities
exterior signage opportunities
7 operatories/exam rooms
reception and waiting areas
private offices
restrooms
breakroom space
existing plumbing infrastructure
Listing Agency:
Weber Rector Commerical Real Estate Services, Inc.
(703) 330-1224
Listed By:
Ryan Archibald
(949) 606-6674
Source:
Sandrasellstheshore
Added: Sep 24
Last Checked: Sep 24 at 2:02PM
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 Weber Rector Commerical Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 3,280-SF medical office comprises two condominium units combined into a single suite. Its layout includes 7 operatories or exam rooms, reception and waiting areas, private offices, restrooms, and breakroom space. Existing plumbing serves the clinical configuration, while exterior signage opportunities and surface parking are also part of the property.
The suite is at 6134 Redwood Square Centre, units 201/202, in Centreville, Virginia. Access to I-66, Route 28, and Route 29 connects the property with Fairfax County and Northern Virginia. Retail amenities and medical users are among the surrounding area’s commercial services.
The suite is at 6134 Redwood Square Centre, units 201/202, in Centreville, Virginia. Access to I-66, Route 28, and Route 29 connects the property with Fairfax County and Northern Virginia. Retail amenities and medical users are among the surrounding area’s commercial services.
Key Highlights
- 3,280 SF across two combined condominium units
- Configured with 7 operatories or exam rooms
- Reception, waiting areas, private offices, restrooms, and breakroom space
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
$62,089
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
8.12%
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%
$1,241,780
$1.2M
Cap Rate 7%
$886,986
$887.0K
Cap Rate 9%
$689,878
$689.9K
Market Conditions
NOI Build-Up for 3,280 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
$96.8K $29.52/SF
− Vacancy
−$14.0K −$4.28/SF
EGI
$82.8K $25.24/SF
− OpEx
−$20.7K −$6.31/SF
NOI
$62.1K $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%
$1,241,780
Cap Rate 7%
$886,986
Cap Rate 9%
$689,878
Alternative Uses
Best Use
Office B
$887.0K
$776.1K – $1.03M
NOI $62,089 @ 7.0% cap · market cap 8.12%
Second Best
Healthcare Medical
$853.8K
$747.1K – $996.1K
NOI $59,767 @ 7.0% cap · market cap 7.81%
Theoretical Best
Specialty Retail
$13.75M
$12.03M – $16.04M
NOI $962,426 @ 7.0% cap · market cap 125.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20121, VA
28,901
Population
9,968
Households
2.9
Avg Household Size
35
Median Age
53%
College-Educated
93%
High-School Grad
8.7 sq mi
ZIP Area
3,322
Density / Sq Mi
$133,024
Median Household Income
$61,859
Median Earnings
$2,240
Median Rent
$488,200
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?
Medical Office Space - Existing plumbing and a clinical layout support medical and professional office configurations.
Where is this medical office space located?
The property is located at 6134 REDWOOD SQUARE CTR #201/202 201/202 Centreville, VA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 3,280 SF across two combined condominium units; Configured with 7 operatories or exam rooms; Reception, waiting areas, private offices, restrooms, and breakroom space
