Building Details

Year built 1981

Building materials Brick

Listing Agency: Fairfax Realty k***@fairfaxrealty.com Show Phone

Listed By: Young H Lee Hwang · License #0225083501 Show Phone

Added: Sep 18, 2025 Changed: Sep 5 Last Checked: Oct 17 at 9:06PM

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MLS# VAFX2268454

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.

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Investment Insights

Based on property information with market context.

The 1,885-square-foot office unit is arranged across two levels with an atrium-style entrance, office areas, and restrooms on each floor. Brick construction, a newer roof, and recently painted exterior surfaces contribute to the property’s current physical presentation. Heat pump systems provide both heating and cooling, and parking is available in the on-site lot.

The property is located inside the Beltway between Columbia Pike and Little River Turnpike in Annandale. Built in 1981, the space is configured for professional office use within a managed commercial development.

Key Highlights

• 1,885‑square‑foot office unit arranged over two levels
• Atrium‑style entrance with offices and restrooms on each floor
• Located inside the Beltway between Columbia Pike and Little River Turnpike

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,682

Cap Rate

7.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$713,640 $713.6K

Cap Rate 7%

$509,743 $509.7K

Cap Rate 9%

$396,467 $396.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,885 SF

Gross rent

$55.6K $29.52/SF

− Vacancy

−$8.1K −$4.28/SF

EGI

$47.6K $25.24/SF

− OpEx

−$11.9K −$6.31/SF

NOI

$35.7K $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 Rate 5%

$713,640

Cap Rate 7%

$509,743

Cap Rate 9%

$396,467

Alternative Uses

Best Use

Office B

$509.7K

$446.0K – $594.7K (±1% cap)

NOI $35,682 @ 7.0% cap · market cap 7.00%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$7.90M

$6.91M – $9.22M (±1% cap)

NOI $553,101 @ 7.0% cap · market cap 108.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

BIZEL Corporation Cafe & Coffee Shop Greenwich Architects LLC Architect

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Parking Lot & Garage Auto Parts Store Auto Repair Shop Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,636

Businesses Nearby

Explore this area Business Placement

Demographics for 22003, VA

59,372

Population

19,497

Households

3

Avg Household Size

39

Median Age

51%

College-Educated

87%

High-School Grad

12.6 sq mi

ZIP Area

4,712

Density / Sq Mi

$134,109

Median Household Income

$54,906

Median Earnings

$1,988

Median Rent

$694,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Two-story office space includes restrooms on both levels and access to a parking lot.

Where is this office units located?

The property is located at 7006 EVERGREEN Court Annandale, VA.

What is the asking price?

The asking price for this property is $510,000.

What are key features of this property?

This property features: 1,885‑square‑foot office unit arranged over two levels; Atrium‑style entrance with offices and restrooms on each floor; Located inside the Beltway between Columbia Pike and Little River Turnpike