Three-Unit Office
For Sale
$1,299,000
731 WALKER Road, Great Falls, VA 22066
Commercial Sale, GREAT FALLS, VA
Property Size2,600 SF
Price / SF$499.62
Days on Market103
Property Features for 731 WALKER Road
General Information
Property type
Other
Property subtype
Office
Parking
12
Parking features
Parking Lot
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
10397
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1984
Building materials
Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Added: Jun 28
Changed: Sep 5
Last Checked: Oct 8 at 5:06AM
MLS# VAFX2324202
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,600-square-foot office condominium includes three individual units within Great Falls Business Center. The ground-level suite has a private double-door entrance, reception or open area, two private offices, a restroom, and interior access to the upper-level units. The connected upper suites add an open workspace, restroom, administrative area, and two additional private offices. Two units are currently leased.
The property is positioned near Georgetown Pike and Walker Road, with illuminated signage above the entrances and access to a shared parking lot. Zoning allows office and retail uses. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained by the condominium association. The property is near Great Falls Village Centre and area grocery, dining, banking, postal, library, and coffee amenities, with access to Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
Constructed in 1984, the brick property has central heating and central air conditioning.
The property is positioned near Georgetown Pike and Walker Road, with illuminated signage above the entrances and access to a shared parking lot. Zoning allows office and retail uses. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained by the condominium association. The property is near Great Falls Village Centre and area grocery, dining, banking, postal, library, and coffee amenities, with access to Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
Constructed in 1984, the brick property has central heating and central air conditioning.
Key Highlights
- 2,600 SF commercial condominium comprising 3 individual office units
- Two units are currently leased
- Office and retail zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,217
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,340
$984.3K
Cap Rate 7%
$703,100
$703.1K
Cap Rate 9%
$546,856
$546.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$76.8K $29.52/SF
− Vacancy
−$11.1K −$4.28/SF
EGI
$65.6K $25.24/SF
− OpEx
−$16.4K −$6.31/SF
NOI
$49.2K $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%
$984,340
Cap Rate 7%
$703,100
Cap Rate 9%
$546,856
Alternative Uses
Best Use
Office B
$703.1K
$615.2K – $820.3K
NOI $49,217 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.90M
$9.54M – $12.71M
NOI $762,899 @ 7.0% cap · market cap 58.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office and retail zoning supports flexible professional or customer-facing business use across connected condominium suites.
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: 2,600 SF commercial condominium comprising 3 individual office units; Two units are currently leased; Office and retail zoning
