Spacious Falls Church Office
For Sale
$430,000
6400 SEVEN CORNERS 1P, Falls Church, VA 22044
Large 1,865 SF office suite in Seven Corners.
Property Size1,865 SF
Price / SF$230.56
Days on Market140
Property Features for 6400 SEVEN CORNERS 1P
General Information
Standard status
Active
Size
1,865 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,520
Building Details
Year Built
1960
Listing Agency:
FAIRFAX REALTY SELECT
Listed By:
Dinh Pham · License #0225201393
(703) 646-1107
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Sep 9 at 9:45AM
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 FAIRFAX REALTY SELECT
Investment Insights
Based on property information with market context.
This 1,865-square-foot top-floor office suite is located in the Seven Corners Professional Park. The suite features a reception area, six private offices, including three with adjoining dens, a large kitchenette, two bathrooms, a storage room, and multiple utility spaces. The kitchenette could be converted into an additional office or conference room. The property is currently occupied by a massage therapy business on a month-to-month lease, and the tenant is open to continuing under new ownership. The unit is located on the top floor without elevator access. This office suite is suited for a range of professional uses and presents an opportunity in Falls Church. The location has a bike score of 35, walk score of 9, and transit score of 22.
Key Highlights
- Rare, oversized 1,865 sq ft office suite, significantly larger than average for the area.
- Flexible layout with six private offices (three with adjoining dens), suitable for various professional uses.
- Prime location in the highly sought‑after Seven Corners Professional Park.
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
$35,304
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
8.21%
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%
$706,080
$706.1K
Cap Rate 7%
$504,343
$504.3K
Cap Rate 9%
$392,267
$392.3K
Market Conditions
NOI Build-Up for 1,865 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
$55.1K $29.52/SF
− Vacancy
−$8.0K −$4.28/SF
EGI
$47.1K $25.24/SF
− OpEx
−$11.8K −$6.31/SF
NOI
$35.3K $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%
$706,080
Cap Rate 7%
$504,343
Cap Rate 9%
$392,267
Alternative Uses
Best Use
Office B
$504.3K
$441.3K – $588.4K
NOI $35,304 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.82M
$6.84M – $9.12M
NOI $547,233 @ 7.0% cap · market cap 127.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 22044, VA
13,847
Population
5,495
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
6,594
Density / Sq Mi
$100,129
Median Household Income
$50,057
Median Earnings
$1,814
Median Rent
$711,400
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 - Large 1,865 SF office suite in Seven Corners.
Where is this office units located?
The property is located at 6400 SEVEN CORNERS 1P Falls Church, VA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Rare, oversized 1,865 sq ft office suite, significantly larger than average for the area.; Flexible layout with six private offices (three with adjoining dens), suitable for various professional uses.; Prime location in the highly sought‑after Seven Corners Professional Park.
