Two-Unit Office
731 Walker Road #A2 AND B2, Great Falls, VA 22066
For Sale
New
$799,000
Connected upper-level suites provide a mix of open workspace, administrative area, private offices, and restroom facilities.
Property Size1,728 SF
Price / SF$462.38
Days on Market3
Property Features for 731 Walker Road #A2 AND B2
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Additional Details
Floor
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Samson Properties
Listed By:
Bonnie H Wolfe · License VA #0225078568
(703) 930-5692
Source:
Johnstonrhodesrealestate
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 10:30AM
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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Investment Insights
Based on property information with market context.
This 1,728-square-foot office condominium combines two contiguous upper-level units with an internal connection. Unit A-2 has an open work area and a restroom; Unit B-2 contains an administrative area and two private offices. The property was built in 1984 and is zoned C-8, Highway Commercial District, for office and retail uses.
The building is part of Great Falls Business Center, a professionally managed commercial condominium community with 16 individually owned units and association-maintained common areas. The property is near the Georgetown Pike and Walker Road intersection and within walking distance of Great Falls Village Centre. Grocery stores, restaurants, coffee shops, banks, a post office, and a library are among the nearby amenities. Tysons and Reston are identified as major employment centers in the surrounding area, with access to Dulles International Airport, the Silver Line Metro, and I-495.
The building is part of Great Falls Business Center, a professionally managed commercial condominium community with 16 individually owned units and association-maintained common areas. The property is near the Georgetown Pike and Walker Road intersection and within walking distance of Great Falls Village Centre. Grocery stores, restaurants, coffee shops, banks, a post office, and a library are among the nearby amenities. Tysons and Reston are identified as major employment centers in the surrounding area, with access to Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- Two connected upper‑level office units totaling 1,728 square feet
- Unit A‑2 features an open area and restroom; Unit B‑2 has an administrative area and two private offices
- C‑8, Highway Commercial District zoning; office and retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,711
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,220
$654.2K
Cap Rate 7%
$467,300
$467.3K
Cap Rate 9%
$363,456
$363.5K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$51.0K $29.52/SF
− Vacancy
−$7.4K −$4.28/SF
EGI
$43.6K $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%
$654,220
Cap Rate 7%
$467,300
Cap Rate 9%
$363,456
Alternative Uses
Best Use
Office B
$467.3K
$408.9K – $545.2K
NOI $32,711 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$959.8K
$839.8K – $1.12M
NOI $67,185 @ 7.0% cap · market cap 8.41%
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
$1,240,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Great Falls, VA
Properties on Market for Office Units in Great Falls
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Connected upper-level suites provide a mix of open workspace, administrative area, private offices, and restroom facilities.
Where is this office unit located?
The property is located at 731 Walker Road #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: Two connected upper‑level office units totaling 1,728 square feet; Unit A‑2 features an open area and restroom; Unit B‑2 has an administrative area and two private offices; C‑8, Highway Commercial District zoning; office and retail uses
