Office Unit with Private
For Sale
$450,000
7115 LEESBURG PIKE #317 317, Falls Church, VA 22043
Configured workspace includes reception, conference space, elevator service, and parking within a professionally managed office building.
Property Size1,200 SF
Price / SF$375
Days on Market89
Property Features for 7115 LEESBURG PIKE #317 317
General Information
Standard status
Active
Size
1,200 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 790-1990
Listed By:
Hoda Martorana
(202) 390-1220
Source:
Sandrasellstheshore
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 14 at 11:01PM
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 Long & Foster Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 317 provides 1,200 square feet of office space within a professionally managed building. The suite includes private offices, a reception area, and dedicated meeting or conference space, creating a practical layout for legal, financial, medical, or general office operations. Elevator access and parking for tenants and guests are also provided.
The property is located at 7115 Leesburg Pike in Falls Church, with access to I-66, I-495, and Route 7. Tysons Corner, restaurants, banks, and retail are nearby, supporting convenient access for employees, clients, and visitors.
The property is located at 7115 Leesburg Pike in Falls Church, with access to I-66, I-495, and Route 7. Tysons Corner, restaurants, banks, and retail are nearby, supporting convenient access for employees, clients, and visitors.
Key Highlights
- 1,200‑square‑foot office suite in Unit 317
- Private offices with reception and dedicated meeting or conference space
- Elevator access in a professionally managed office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,716
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.4K $29.52/SF
− Vacancy
−$5.1K −$4.28/SF
EGI
$30.3K $25.24/SF
− OpEx
−$7.6K −$6.31/SF
NOI
$22.7K $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%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.03M
$4.40M – $5.87M
NOI $352,107 @ 7.0% cap · market cap 78.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Configured workspace includes reception, conference space, elevator service, and parking within a professionally managed office building.
Where is this office units located?
The property is located at 7115 LEESBURG PIKE #317 317 Falls Church, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,200‑square‑foot office suite in Unit 317; Private offices with reception and dedicated meeting or conference space; Elevator access in a professionally managed office building
