Two-Level Office
New
For Sale
$549,000
8212 Old Courthouse Rd Unit 2, Vienna, VA 22182
Interior includes private offices, meeting space, full bathrooms, and a kitchenette.
Property Size1,536 SF
Price / SF$357.42
Days on Market6
Property Features for 8212 Old Courthouse Rd Unit 2
General Information
Standard status
Active
Size
1,536 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$320
Building Details
Year Built
1979
Listing Agency:
KW United
(703) 966-2180
Listed By:
Andrew Musser, Andrew Biggers · License #0225075231
Source:
Kandorre
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 21 at 9:38AM
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 KW United
Investment Insights
Based on property information with market context.
This 1,536-square-foot office unit occupies two levels and was built in 1979. The interior includes five offices, a conference room with a fireplace, a sitting area, two full bathrooms, and a kitchenette, creating a practical layout for professional and service-oriented operations. The property is identified as suitable for medical and dental practices, wellness providers, therapists, salons, law firms, insurance agencies, financial professionals, and general office users.
The unit is located at 8212 Old Courthouse Rd Unit 2 in Vienna, Virginia. Tysons and Greensboro metro stations are nearby, along with restaurants, shopping, and access to I-66, I-495, and the Dulles Toll Road. Off-street parking is also provided.
The unit is located at 8212 Old Courthouse Rd Unit 2 in Vienna, Virginia. Tysons and Greensboro metro stations are nearby, along with restaurants, shopping, and access to I-66, I-495, and the Dulles Toll Road. Off-street parking is also provided.
Key Highlights
- 1,536 SF office unit with a two‑level layout
- Five offices plus a conference room with fireplace
- Two full bathrooms and a kitchenette
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
$29,076
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
5.30%
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%
$581,520
$581.5K
Cap Rate 7%
$415,371
$415.4K
Cap Rate 9%
$323,067
$323.1K
Market Conditions
NOI Build-Up for 1,536 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
$45.3K $29.52/SF
− Vacancy
−$6.6K −$4.28/SF
EGI
$38.8K $25.24/SF
− OpEx
−$9.7K −$6.31/SF
NOI
$29.1K $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%
$581,520
Cap Rate 7%
$415,371
Cap Rate 9%
$323,067
Alternative Uses
Best Use
Office B
$415.4K
$363.5K – $484.6K
NOI $29,076 @ 7.0% cap · market cap 5.30%
Second Best
Healthcare Medical
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$6.44M
$5.63M – $7.51M
NOI $450,697 @ 7.0% cap · market cap 82.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,399
Businesses Nearby
Explore this area
Business Placement
Demographics for 22182, VA
27,778
Population
10,285
Households
2.7
Avg Household Size
42
Median Age
82%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,222
Density / Sq Mi
$200,038
Median Household Income
$102,749
Median Earnings
$2,618
Median Rent
$1,086,600
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 - Interior includes private offices, meeting space, full bathrooms, and a kitchenette.
Where is this office units located?
The property is located at 8212 Old Courthouse Rd Unit 2 Vienna, VA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,536 SF office unit with a two‑level layout; Five offices plus a conference room with fireplace; Two full bathrooms and a kitchenette
