Two-Level Office
For Sale
$510,000
7006 Evergreen Ct Unit 3, Annandale, VA 22003
Two-level office unit with an atrium entry and bathrooms serving each floor.
Property Size1,885 SF
Price / SF$270.56
Days on Market49
Property Features for 7006 Evergreen Ct Unit 3
General Information
Standard status
Active
Size
1,885 SF
Amenities
atrium entry
baths on each floor
Building Details
Year Built
1981
Listing Agency:
Fairfax Realty
Listed By:
Young H Lee Hwang · License #0225083501
(703) 989-4301
Source:
Premierehomegroup
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 7 at 1:47PM
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
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Investment Insights
Based on property information with market context.
This 1,885-square-foot office unit occupies two levels within a professional development at 7006 Evergreen Ct Unit 3. An atrium entry opens to bright office areas, with bathrooms located on both floors. The property was built in 1981 and has benefited from a new roof and fresh exterior paint.
The Annandale location is inside the Beltway, positioned between Columbia Pike and Little River Turnpike. The unit is suited to professional office use and combines a two-floor layout with recently completed exterior improvements.
The Annandale location is inside the Beltway, positioned between Columbia Pike and Little River Turnpike. The unit is suited to professional office use and combines a two-floor layout with recently completed exterior improvements.
Key Highlights
- 1,885‑square‑foot office unit arranged across two levels
- Atrium entry with bright office areas
- Bathrooms located on each floor
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
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
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
NOI $553,101 @ 7.0% cap · market cap 108.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,636
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two-level office unit with an atrium entry and bathrooms serving each floor.
Where is this office unit located?
The property is located at 7006 Evergreen Ct Unit 3 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 across two levels; Atrium entry with bright office areas; Bathrooms located on each floor
