Leesburg Pike Investment
For Sale
$875,000
7633 Leesburg Pike, Falls Church, VA 22043
Fully-leased two-story office unit near Tysons Corner and Falls Church.
Property Size3,210 SF
Price / SF$272.59
Days on Market392
Property Features for 7633 Leesburg Pike
General Information
Standard status
Active
Size
3,210 SF
Building Details
Year Built
1980
Listing Agency:
Questor Realty, Inc.
Listed By:
Jennifer L Neel · License #0225056142
(703) 750-9200
Source:
Kableteam
Added: Sep 1, 2025
Changed: Sep 18
Last Checked: Sep 26 at 10:57AM
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 Questor Realty, Inc.
Investment Insights
Based on property information with market context.
This fully-leased, two-story office unit is located on Leesburg Pike between Falls Church and Tysons Corner, next to Marshall High School, with convenient access to 495, 395, and 66. The unit is part of the Tysons Office Park property owners association and is built out as Suite 100 on the first floor and Suite 200 on the second floor. Suite 100 has been leased by Banagan & Associates Accounting since 2014, and Suite 200 has been leased by Top Therapy & Wellness since 2010. Suite 200 is leased through 4/30/28. This property offers an investor-owner opportunity for rental income, with an approximate 6% cap rate. The property features monument signage facing Leesburg Pike, allows for uniform exterior signage on the building, and provides ample surface parking.
Key Highlights
- Fully‑leased investment unit providing immediate rental income.
- Long‑term tenants in place (Banagan & Associates Accounting and Top Therapy & Wellness).
- Desirable location on Leesburg Pike between Falls Church and Tysons Corner.
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
$60,764
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
6.94%
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%
$1,215,280
$1.2M
Cap Rate 7%
$868,057
$868.1K
Cap Rate 9%
$675,156
$675.2K
Market Conditions
NOI Build-Up for 3,210 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
$94.8K $29.52/SF
− Vacancy
−$13.7K −$4.28/SF
EGI
$81.0K $25.24/SF
− OpEx
−$20.3K −$6.31/SF
NOI
$60.8K $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%
$1,215,280
Cap Rate 7%
$868,057
Cap Rate 9%
$675,156
Alternative Uses
Best Use
Office B
$868.1K
$759.6K – $1.01M
NOI $60,764 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.46M
$11.77M – $15.70M
NOI $941,886 @ 7.0% cap · market cap 107.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully-leased two-story office unit near Tysons Corner and Falls Church.
Where is this office units located?
The property is located at 7633 Leesburg Pike Falls Church, VA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully‑leased investment unit providing immediate rental income.; Long‑term tenants in place (Banagan & Associates Accounting and Top Therapy & Wellness).; Desirable location on Leesburg Pike between Falls Church and Tysons Corner.
