Professional Office
New
For Sale
$715,000
800 W BROAD STREET W Unit 209, Falls Church, VA 22046
Potential applications include clinical and legal offices, subject to applicable approvals.
Property Size1,699 SF
Days on Market5
Property Features for 800 W BROAD STREET W Unit 209
General Information
Standard status
Active
Size
1,699 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$5,303
Building Details
Building Size
1,699 SF
Year Built
2009
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Zulfunar Rasin · License #0225238333
(202) 262-8204
Source:
Barnesrealestatecompany
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 5:49PM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
Unit 209 at 800 W Broad Street W offers 1,699 square feet in a building completed in 2009. Potential applications include dental and medical practices and legal offices, subject to applicable zoning and use approvals.
Key Highlights
- 1,699‑square‑foot office unit
- Building completed in 2009
- Potential use for dental, medical, or legal offices, subject to applicable zoning and use approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,162
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,240
$643.2K
Cap Rate 7%
$459,457
$459.5K
Cap Rate 9%
$357,356
$357.4K
Market Conditions
NOI Build-Up for 1,699 SF
Gross rent
$50.2K $29.52/SF
− Vacancy
−$7.3K −$4.28/SF
EGI
$42.9K $25.24/SF
− OpEx
−$10.7K −$6.31/SF
NOI
$32.2K $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%
$643,240
Cap Rate 7%
$459,457
Cap Rate 9%
$357,356
Alternative Uses
Best Use
Office B
$459.5K
$402.0K – $536.0K
NOI $32,162 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$442.3K
$387.0K – $516.0K
NOI $30,959 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$7.12M
$6.23M – $8.31M
NOI $498,525 @ 7.0% cap · market cap 69.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 22046, VA
18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Potential applications include clinical and legal offices, subject to applicable approvals.
Where is this office units located?
The property is located at 800 W BROAD STREET W Unit 209 Falls Church, VA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 1,699‑square‑foot office unit; Building completed in 2009; Potential use for dental, medical, or legal offices, subject to applicable zoning and use approvals
