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    7115 Leesburg Pike Suite 216, Falls Church, VA 22043

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    Move-in ready dental suite in high-demand Northern Virginia market.

    Type:Office
    Added:
    Mar 20, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 21 at 8:18 pm

    Property Features for 7115 Leesburg Pike Suite 216

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Ryan Archibald

    Listing agent Ryan Archibald License #0225269502

    Listing office Weber Rector Commercial Real Estate Services, Inc.

    Listing date Mar 20, 2026

    Source Crexi

    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 Weber Rector Commercial Real Estate Services, Inc.

    HighLights

    • Turnkey dental office: Fully built‑out with four operatories, reception, waiting room, office, sterilization, and break area.
    • High‑demand Northern Virginia location: Positioned along Leesburg Pike (Rt. 7) with strong visibility.
    • Efficient layout: Designed for strong patient flow and day‑to‑day functionality.
    • Convenient access: Easy access to I‑66 and I‑495, connecting to Northern Virginia and Washington, D.C.
    • Predictable operating costs: Condo fees cover all expenses except electricity and WiFi.
    • Strong patient demand: Located in an area with dense residential neighborhoods and established commercial corridors.

    Overview

    This fully built-out dental suite features four open operatories, a reception area, waiting room, private office, sterilization/utility room, and staff break area. The efficient layout is designed to support strong patient flow and day-to-day functionality. It is ideal for general dentists, specialists, or dental groups seeking a move-in ready space in a high-demand Northern Virginia market. Condo fees cover all expenses except electricity and WiFi, offering predictable operating costs. Positioned along Leesburg Pike (Rt. 7), the property benefits from strong visibility and convenient access to I-66 and I-495, providing connectivity throughout Northern Virginia and into Washington, D.C. The surrounding area features dense residential neighborhoods, established commercial corridors, and a strong daytime population, supporting consistent patient demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Falls Church Animal Hospital — 1249 W Broad St, Falls Church, VA 22046
    • Michele Kelly, D.V.M. — 1249 W Broad St, Falls Church, VA 22046
    • Veterinary Emergency Group — 7500 Leesburg Pike Suite 11, Falls Church, VA 22043

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1971
    Latitude
    38.9012

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready dental suite in high-demand Northern Virginia market.
    Where is this medical office space located?
    The property is located at 7115 Leesburg Pike Suite 216 Falls Church, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Turnkey dental office: Fully built‑out with four operatories, reception, waiting room, office, sterilization, and break area.; High‑demand Northern Virginia location: Positioned along Leesburg Pike (Rt. 7) with strong visibility.; Efficient layout: Designed for strong patient flow and day‑to‑day functionality.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Archibald
    Real Estate License ID: 0225269502
    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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