Contiguous Office Condominium
For Sale
$799,000
731 WALKER Road, Great Falls, VA 22066
Commercial Sale, GREAT FALLS, VA
Property Size1,725 SF
Price / SF$463.19
Days on Market51
Property Features for 731 WALKER Road
General Information
Property type
Other
Property subtype
Office
Parking
4
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
6595
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: Sep 14
Last Checked: Nov 3 at 1:06PM
MLS# VAFX2341208
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.
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Investment Insights
Based on property information with market context.
This offering includes two adjoining upper-level office condominium units within Great Falls Business Center. The combined space measures 1725+ SF and connects internally. Unit A-2 provides an open work area and restroom, while Unit B-2 contains an administrative area and two enclosed offices. Central heating and central air conditioning serve the property, which was built in 1984 with brick construction.
The units are positioned near Georgetown Pike and Walker Road and feature illuminated signage above the entrances. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained through the condominium association. The property is near Great Falls Village Centre and nearby grocery, dining, banking, postal, library, and coffee amenities. Its setting also provides access to Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
The units are positioned near Georgetown Pike and Walker Road and feature illuminated signage above the entrances. Great Falls Business Center contains 16 individually owned commercial condominium units, with common areas maintained through the condominium association. The property is near Great Falls Village Centre and nearby grocery, dining, banking, postal, library, and coffee amenities. Its setting also provides access to Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- Two contiguous upper‑level office condominium units totaling 1725+ SF
- Unit A‑2 includes an open area and restroom; Unit B‑2 has an administrative area and two private offices
- Zoned for office and retail uses
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.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
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
Frequently Asked Questions
What type of property is this?
Office unit - Upper-level commercial condominium space supports office and retail uses with flexible interior configurations.
Where is this office unit located?
The property is located at 731 WALKER Road 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 contiguous upper‑level office condominium units totaling 1725+ SF; Unit A‑2 includes an open area and restroom; Unit B‑2 has an administrative area and two private offices; Zoned for office and retail uses
