Three-Unit Office
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For Sale
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731 Walker Road, Great Falls, VA 22066
Office condominium with three connected units, private offices, open workspace, restrooms, and zoning supporting office and retail uses.
Property Size2,592 SF
Price / SF$501.16
Days on Market7
Property Features for 731 Walker Road
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Retail, Office
Zoning
C-8
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
3
Building Details
Year Built
1984
Units
3
Tenancy
Multi
Listing Agency:
Samson Properties
(703) 930-5692
Listed By:
Bonnie Wolfe · License #0225078568
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 5 at 12:21PM
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
Investment Insights
Based on property information with market context.
This 2,592-square-foot office condominium comprises three individual units within Great Falls Business Center. Unit A-1 has a private entrance with double doors, a reception and open area, two private offices, a restroom, and interior access to the upper-level units. Connected Units A-2 and B-2 provide open workspace, a restroom, an administrative area, and two additional private offices. Units A-1 and B-2 are currently leased.
The property is positioned near the intersection of Georgetown Pike and Walker Road and includes illuminated building signage above the entrances. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained by the condominium association. The property is within walking distance of Great Falls Village Centre and nearby grocery stores, restaurants, banks, the post office, and library. C-8 zoning permits office and retail uses. The 1984-built property is situated between Tysons and Reston, with access to Dulles International Airport, the Silver Line Metro, and I-495.
The property is positioned near the intersection of Georgetown Pike and Walker Road and includes illuminated building signage above the entrances. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained by the condominium association. The property is within walking distance of Great Falls Village Centre and nearby grocery stores, restaurants, banks, the post office, and library. C-8 zoning permits office and retail uses. The 1984-built property is situated between Tysons and Reston, with access to Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- 2,592 SF office condominium comprising three individual units
- Three units include private offices, open areas, restrooms, and internal connections
- Unit A‑1 has a private entrance with double doors and reception area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.1k | $40.56 |
| − Vacancy | −$3.6k | −$1.38 |
| EGI | $101.6k | $39.18 |
| − OpEx | −$30.5k | −$11.75 |
| NOI | $71.1k | $27.43 |
2,592 SF · lease $40.56/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$888.6K – $1.18M
NOI $71,090 @ 7.0% cap · market cap 5.47%
Second Best
Office B
$700.9K
$613.3K – $817.8K
NOI $49,066 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$10.87M
$9.51M – $12.68M
NOI $760,551 @ 7.0% cap · market cap 58.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
548
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium with three connected units, private offices, open workspace, restrooms, and zoning supporting office and retail uses.
Where is this office units located?
The property is located at 731 Walker Road Great Falls, VA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2,592 SF office condominium comprising three individual units; Three units include private offices, open areas, restrooms, and internal connections; Unit A‑1 has a private entrance with double doors and reception area
