Office Condominium
For Sale
$299,000
7369 Mcwhorter Place, Annandale, VA 22003
Office condominium suite with a monthly condo fee of $276, offered for sale.
Property Size917 SF
Price / SF$326.06
Days on Market250
Property Features for 7369 Mcwhorter Place
General Information
Standard status
Active
Size
917 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,643
Amenities
Central Air
3
430
Parking.
Lot, Unassigned.
Other.
Building Details
Year Built
1985
Listing Agency:
(703) 969-2883
Listed By:
Samson Properties
(703) 969-2883
Source:
Xome
Added: Dec 1, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:23AM
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 for-sale office condominium suite is configured for professional use and is suitable for a range of office and institutional environments, including law, CPA, educational, real estate, medical, research, technology, and church use. The offering is identified as Unit 411.
The property is described as having convenient access and ample parking lots for Sunday service. A condo fee of $276 per month is noted.
Outside of the unit designation and condo fee, no additional building or interior specifications are provided in the available information.
The property is described as having convenient access and ample parking lots for Sunday service. A condo fee of $276 per month is noted.
Outside of the unit designation and condo fee, no additional building or interior specifications are provided in the available information.
Key Highlights
- Office condominium suite with a $276/month condo fee
- Central air conditioning
- Heating: 3
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,359
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,180
$347.2K
Cap Rate 7%
$247,986
$248.0K
Cap Rate 9%
$192,878
$192.9K
Market Conditions
NOI Build-Up for 917 SF
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.
Gross rent
$27.1K $29.52/SF
− Vacancy
−$3.9K −$4.28/SF
EGI
$23.1K $25.24/SF
− OpEx
−$5.8K −$6.31/SF
NOI
$17.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,180
Cap Rate 7%
$247,986
Cap Rate 9%
$192,878
Alternative Uses
Best Use
Office B
$248.0K
$217.0K – $289.3K
NOI $17,359 @ 7.0% cap · market cap 5.81%
Second Best
Healthcare Medical
$238.7K
$208.9K – $278.5K
NOI $16,709 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$3.84M
$3.36M – $4.48M
NOI $269,068 @ 7.0% cap · market cap 89.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
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 suite with a monthly condo fee of $276, offered for sale.
Where is this office units located?
The property is located at 7369 Mcwhorter Place Annandale, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Office condominium suite with a $276/month condo fee; Central air conditioning; Heating: 3
