Contiguous Office Condominium
For Sale
$799,000
731 Walker Rd #a2 And B2, Great Falls, VA 22066
Upper-level commercial space with office and retail zoning, internal connectivity, and prominent building signage.
Property Size1,725 SF
Price / SF$463.19
Days on Market52
Property Features for 731 Walker Rd #a2 And B2
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$6,594
Amenities
illuminated building signage
Building Details
Year Built
1984
Listing Agency:
SAMSON PROPERTIES
(703) 378-8810
Listed By:
BONNIE H WOLFE · License #0225078568
(703) 930-5692
Source:
Corcoran
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 3 at 6:32AM
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 SAMSON PROPERTIES
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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.
This office condominium offering combines Units A-2 and B-2 as contiguous upper-level space with an internal connection. The 1725+ SF layout includes an open area, a restroom, an administrative/work area, and two private offices. The end-unit configuration supports collaborative workspace, meeting areas, or multiple office arrangements, while zoning allows both office and retail uses.
Located at 731 Walker Rd near the Georgetown Pike and Walker Road intersection, the property has illuminated signage above the entrances and sits within the professionally managed Great Falls Business Center. The center contains 16 individually owned commercial condominium units with a mix of professional and retail businesses. Great Falls Village Centre is within walking distance, and the property is positioned between Tysons and Reston with access to Dulles International Airport, the Silver Line Metro, and I-495.
Located at 731 Walker Rd near the Georgetown Pike and Walker Road intersection, the property has illuminated signage above the entrances and sits within the professionally managed Great Falls Business Center. The center contains 16 individually owned commercial condominium units with a mix of professional and retail businesses. Great Falls Village Centre is within walking distance, and the property is positioned between Tysons and Reston with access to Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- 1725+ SF across two contiguous office condominium units
- Units A‑2 and B‑2 connect internally on the upper level
- Open area, administrative/work area, two private offices, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,654
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,080
$653.1K
Cap Rate 7%
$466,486
$466.5K
Cap Rate 9%
$362,822
$362.8K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$50.9K $29.52/SF
− Vacancy
−$7.4K −$4.28/SF
EGI
$43.5K $25.24/SF
− OpEx
−$10.9K −$6.31/SF
NOI
$32.7K $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%
$653,080
Cap Rate 7%
$466,486
Cap Rate 9%
$362,822
Alternative Uses
Best Use
Office B
$466.5K
$408.2K – $544.2K
NOI $32,654 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.23M
$6.33M – $8.44M
NOI $506,154 @ 7.0% cap · market cap 63.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 22066, VA
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Upper-level commercial space with office and retail zoning, internal connectivity, and prominent building signage.
Where is this office unit located?
The property is located at 731 Walker Rd #a2 And B2 Great Falls, VA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1725+ SF across two contiguous office condominium units; Units A‑2 and B‑2 connect internally on the upper level; Open area, administrative/work area, two private offices, and restroom
