Move-in Ready Office
For Sale
Contact for pricing
Pending
6157 Fuller Ct Unit #5, Alexandria, VA 22310
821 SF office condo in Alexandria, VA for sale.
Property Size821 SF
Days on Market275
Property Features for 6157 Fuller Ct Unit #5
General Information
Standard status
Pending
Size
821 SF
Property subtype
Office
Listing Agency:
Boosalis Properties
Listed By:
George Boosalis · License #VA 0225205187
Source:
Crexi
Added: Nov 30, 2025
Changed: Aug 22
Last Checked: Aug 30 at 10:03PM
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 Boosalis Properties
Investment Insights
Based on property information with market context.
This 821 SF office condo is located in the Grovedale Professional Center in Alexandria, VA. The second-floor end unit, constructed in 1998, features three private offices or rooms and an in-suite private bathroom. Natural light is abundant throughout the space. The layout is designed for professional service users seeking a functional workspace. Zoned C-3, the condo offers flexibility with ample parking and available building signage. Its location provides access to I-95, I-495, and Fairfax County Parkway, and is near Metro, VRE, and Springfield Town Center. The property is surrounded by residential and retail areas, near the Inova HealthPlex and the upcoming Franconia–Springfield Hospital. This office condo is suitable for businesses looking to grow within Alexandria’s commercial market.
Key Highlights
- Prime Location: Immediate access to I‑95, I‑495, and Fairfax County Parkway; minutes from Metro, VRE, and Springfield Town Center.
- Move‑in Ready: 821 SF office condo in excellent condition.
- Functional Layout: Three private offices/rooms and an in‑suite private bathroom.
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
$10,993
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
3.68%
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%
$219,860
$219.9K
Cap Rate 7%
$157,043
$157.0K
Cap Rate 9%
$122,144
$122.1K
Market Conditions
NOI Build-Up for 821 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
$17.1K $20.88/SF
− Vacancy
−$2.5K −$3.03/SF
EGI
$14.7K $17.85/SF
− OpEx
−$3.7K −$4.46/SF
NOI
$11.0K $13.39/SF
Area
Alexandria, VA
Vacancy
14.50%
Lease Rate
$20.88 /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%
$219,860
Cap Rate 7%
$157,043
Cap Rate 9%
$122,144
Alternative Uses
Best Use
Office B
$157.0K
$137.4K – $183.2K
NOI $10,993 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$456.0K
$399.0K – $532.0K
NOI $31,920 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 22310, VA
29,611
Population
11,116
Households
2.7
Avg Household Size
39
Median Age
64%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
4,420
Density / Sq Mi
$160,872
Median Household Income
$83,668
Median Earnings
$2,396
Median Rent
$627,400
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 - 821 SF office condo in Alexandria, VA for sale.
Where is this office units located?
The property is located at 6157 Fuller Ct Unit #5 Alexandria, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Prime Location: Immediate access to I‑95, I‑495, and Fairfax County Parkway; minutes from Metro, VRE, and Springfield Town Center.; Move‑in Ready: 821 SF office condo in excellent condition.; Functional Layout: Three private offices/rooms and an in‑suite private bathroom.
