Turnkey Penthouse Office
For Sale
Contact for pricing
671 N Glebe Rd #1600, Arlington, VA 22203
Fully furnished penthouse office with private offices, conference space, and a two-level loft overlooking the entryway.
Property Size90,323 SF
Price / SF$0.00
Days on Market138
Property Features for 671 N Glebe Rd #1600
General Information
Standard status
Active
Size
90,323 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
90,323 SF
Year Built
1998
Properties For Sale
at 671 N Glebe Rd #1600
Top Floor Sublease Suite (Sublease)
Size
12,014 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Divaris Real Estate, Inc
Listed By:
Erik Ulsaker · License #0225097564
(703) 861-0373
Source:
Divaris
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 16 at 8:09AM
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 Divaris Real Estate, Inc
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Investment Insights
Based on property information with market context.
This penthouse-level office suite totals 12,014 SF and is delivered fully furnished and turnkey, ready for immediate occupancy. The interior is designed for both privacy and collaboration, with a mix of private offices, conference rooms, workstations, and a kitchen. A standout element is the two-level loft area overlooking the main entryway, creating an architectural focal point and a distinctive workspace flow.
The suite is positioned in a partial-floor configuration within Ballston Tower. The location offers convenient building access, including a covered walkway to Ballston Metro Station, and it is walkable to a variety of retail, dining, and entertainment options.
This configuration suits professional tenants that value a higher-floor presence and an established, flexible office layout, including teams that need dedicated meeting space alongside open work areas. The loft feature can also support a range of working styles, from collaborative functions to a more visually engaging executive environment, while maintaining day-to-day operational separation through the private office plan.
The suite is positioned in a partial-floor configuration within Ballston Tower. The location offers convenient building access, including a covered walkway to Ballston Metro Station, and it is walkable to a variety of retail, dining, and entertainment options.
This configuration suits professional tenants that value a higher-floor presence and an established, flexible office layout, including teams that need dedicated meeting space alongside open work areas. The loft feature can also support a range of working styles, from collaborative functions to a more visually engaging executive environment, while maintaining day-to-day operational separation through the private office plan.
Key Highlights
- 12,014 SF penthouse‑level office suite in Ballston Tower (Year built: 1998)
- Fully furnished suite with private offices, conference rooms, workstations, and a kitchen
- Two‑level loft space overlooks the main entryway for a distinctive workspace layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,265
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,300
$3.2M
Cap Rate 7%
$2,303,786
$2.3M
Cap Rate 9%
$1,791,833
$1.8M
Market Conditions
NOI Build-Up for 12,014 SF
Gross rent
$263.8K $21.96/SF
− Vacancy
−$48.8K −$4.06/SF
EGI
$215.0K $17.90/SF
− OpEx
−$53.8K −$4.47/SF
NOI
$161.3K $13.42/SF
Area
Arlington, VA
Vacancy
18.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,300
Cap Rate 7%
$2,303,786
Cap Rate 9%
$1,791,833
Alternative Uses
Best Use
Office B
$2.30M
$2.02M – $2.69M
NOI $161,265 @ 7.0% cap · market cap 806,325.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.67M
$5.84M – $7.79M
NOI $467,104 @ 7.0% cap · market cap 2,335,520.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,774
Businesses Nearby
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Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Fully furnished penthouse office with private offices, conference space, and a two-level loft overlooking the entryway.
Where is this office units located?
The property is located at 671 N Glebe Rd #1600 Arlington, VA.
What are key features of this property?
This property features: 12,014 SF penthouse‑level office suite in Ballston Tower (Year built: 1998); Fully furnished suite with private offices, conference rooms, workstations, and a kitchen; Two‑level loft space overlooks the main entryway for a distinctive workspace layout
