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    Annandale Office Space For Lease Title is generated by Realmo AI

    7002 EVERGREEN COURT, Annandale, VA 22003

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    For Lease
    $1,650 /Mo

    CommercialLease - ANNANDALE, VA

    Type:Office
    Added:
    Jul 18, 2025
    Days on Market:
    306
    Last Refresh:
    May 19 at 3:06 pm

    Property Features for 7002 EVERGREEN COURT

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    3
    Parking features
    Parking Lot
    Standard status
    Active

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Mary Ann Cochran
    Mary Ann Cochran

    Listing agent Mary Ann Cochran License #0225002549

    Listing office MacCochran Group, LLC 4200 EVERGREEN Lane, ANNANDALE, VA

    Listing date Jul 18, 2025

    MLS# VAFX2257046

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rent includes utilities, HOA, parking, taxes, and building insurance
    • Freshly painted with new carpet and upgraded half bath
    • Bright kitchen with eating space, refrigerator, and dishwasher
    • Professional office space with one large office, two smaller offices, and an open reception room
    • Open parking available
    • Located in a non‑smoking building and community

    Overview

    This professional office space is located on the upper level of a two-story townhouse building in Annandale, Virginia. The layout includes one large office, two smaller offices, and an open reception room. A kitchen with eating space is equipped with a refrigerator and dishwasher. The space is described as light and bright. Utilities provided are heat, cooling, and water. The space is intended for general office use; hair salons, nail salons, and massage businesses are not permitted. The full suite is available for lease. The space has been freshly painted and features new carpet, an upgraded half bath, and a bright kitchen with space for a small table. The rent includes utilities, HOA fees, parking, taxes, and building insurance. The tenant is responsible for arranging their own internet service. This is a non-smoking building and community; a designated smoking area is located near the trash bins. Open parking is available, but overnight parking is not allowed. The landlord will consider renting part of the unit for a lesser amount to the right tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Servicios Integrales Corporate Office GPecusa General Contractor American Interbusiness LLC Department Store SI TAXES Accounting Firm Young S. Song, ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.18695
    Latitude
    38.8321

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    FAQs

    What type of property is this?
    Office units - Professional office space available in Annandale, Virginia.
    Where is this office units located?
    The property is located at 7002 EVERGREEN COURT Annandale, VA.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: Rent includes utilities, HOA, parking, taxes, and building insurance; Freshly painted with **new carpet and upgraded half bath**; **Bright kitchen with eating space**, refrigerator, and dishwasher
    (703) 626-2014
    We can help!
    Listing Contact
    Mary Ann Cochran
    Mary Ann Cochran
    Real Estate License ID: 0225002549
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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