Corner Office Condo
For Sale
$550,000
Pending
7580 Gardner Park Dr #11, Gainesville, VA 20155
Corner office condo with dedicated parking and interior amenities, suited for professional use in a condo office park.
Property Size1,200 SF
Days on Market90
Property Features for 7580 Gardner Park Dr #11
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Commercial
Zoning
B1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,972
Amenities
Corner Lot/Unit
Building Details
Year Built
2005
Listing Agency:
CARTER REAL ESTATE, INC.
(703) 383-3245
Listed By:
LESLIE O CARTER
Source:
Corcoran
Added: Jun 11
Changed: Sep 4
Last Checked: Jul 23 at 9:24AM
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 CARTER REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This is a 1,200 sq ft corner condo unit in the Gardner Professional Village Condo Office Park. The space includes a training room, a private office, a bathroom equipped with grab bars, and a kitchen area with a separate slop sink located in a closet. Additional features include a storage area with shelves. The unit is offered with all furnishings included in the price.
The property is zoned B1, General Business. The office park setting provides lots of parking for tenants and visitors, and the condo fee of $218 covers CAM along with water, sewer, trash, parking lot, roof, and snow removal.
For an owner-occupant or an investing buyer, the layout supports both client-facing training and day-to-day office needs, with dedicated storage and accessibility-oriented bathroom features. Its condo structure and included building-related services can simplify ongoing operational costs, while the parking presence supports efficient access for staff and customers.
The property is zoned B1, General Business. The office park setting provides lots of parking for tenants and visitors, and the condo fee of $218 covers CAM along with water, sewer, trash, parking lot, roof, and snow removal.
For an owner-occupant or an investing buyer, the layout supports both client-facing training and day-to-day office needs, with dedicated storage and accessibility-oriented bathroom features. Its condo structure and included building-related services can simplify ongoing operational costs, while the parking presence supports efficient access for staff and customers.
Key Highlights
- 2005‑built 1,200 SF corner condo unit in the Gardner professional Village Condo Office Park in Gainesville
- Includes host training room, private office, and a bathroom equipped with grab bars
- Kitchen with separate slop sink in closet plus a storage area with shelves
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
$21,162
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
3.85%
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%
$423,240
$423.2K
Cap Rate 7%
$302,314
$302.3K
Cap Rate 9%
$235,133
$235.1K
Market Conditions
NOI Build-Up for 1,200 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
$29.1K $24.24/SF
− Vacancy
−$873 −$0.73/SF
EGI
$28.2K $23.51/SF
− OpEx
−$7.1K −$5.88/SF
NOI
$21.2K $17.63/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$24.24 /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%
$423,240
Cap Rate 7%
$302,314
Cap Rate 9%
$235,133
Alternative Uses
Best Use
Office B
$302.3K
$264.5K – $352.7K
NOI $21,162 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$352.4K
$308.4K – $411.2K
NOI $24,669 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 20155, VA
37,218
Population
12,833
Households
2.9
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
1,460
Density / Sq Mi
$154,531
Median Household Income
$71,853
Median Earnings
$2,648
Median Rent
$630,400
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 - Corner office condo with dedicated parking and interior amenities, suited for professional use in a condo office park.
Where is this office units located?
The property is located at 7580 Gardner Park Dr #11 Gainesville, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2005‑built 1,200 SF corner condo unit in the Gardner professional Village Condo Office Park in Gainesville; Includes host training room, private office, and a bathroom equipped with grab bars; Kitchen with separate slop sink in closet plus a storage area with shelves
