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Upgraded Office Condominium
For Sale
$499,990
Pending

8304-B OLD COURTHOUSE RD #14 14, Vienna, VA 22182

Second-floor corner suite with flexible rooms, contemporary finishes, and abundant surface parking.

Property Size1,331 SF
Days on Market50

Property Features for 8304-B OLD COURTHOUSE RD #14 14

General Information

Standard status Pending
Size 1,331 SF

Additional Details

Floor 2
HOA Fee $213.43
Highway Access Yes

Building Details

Year Renovated 2024
Listing Agency: Samson Properties
Listed By: Chul Kim · License #0225081749
Source: Careyrealtygroup
Added: Sep 7 Changed: Oct 25 Last Checked: Oct 24 at 5:28PM

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

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Investment Insights

Based on property information with market context.

This 1,331 SF second-floor office condominium is configured as a corner suite with 5 private rooms and a shared reception or common area. The layout is suited to professional or medical office use and includes a renovated bathroom, LED lighting, smart thermostat, upgraded network drop outlets, two dry erase boards, and a smart lock. Improvements completed in 2024 include new LVP flooring and the bathroom renovation; a TV may also convey with the sale.

The property is located in Centennial Plaza business park, minutes from I-495 and Route 7. Tysons Corner Center is within walking distance, providing access to shopping, dining, and other amenities. Generous surface parking serves the office condominium, while water and sewer are paid by the owner to condo management quarterly.

Key Highlights

  • 1,331 SF second‑floor corner office condominium
  • 5 private rooms plus a common area
  • 2024 upgrades include new LVP flooring and a renovated bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$25,195
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,900 $503.9K
Cap Rate 7%
$359,929 $359.9K
Cap Rate 9%
$279,944 $279.9K
Market Conditions
NOI Build-Up for 1,331 SF
Gross rent
$39.3K $29.52/SF
− Vacancy
−$5.7K −$4.28/SF
EGI
$33.6K $25.24/SF
− OpEx
−$8.4K −$6.31/SF
NOI
$25.2K $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%
$503,900
Cap Rate 7%
$359,929
Cap Rate 9%
$279,944

Alternative Uses

Best Use
Office B
$359.9K
$314.9K – $419.9K (±1% cap)
NOI $25,195 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.51M (±1% cap)
NOI $390,545 @ 7.0% cap · market cap 78.11%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Second-floor corner suite with flexible rooms, contemporary finishes, and abundant surface parking.
Where is this office unit located?
The property is located at 8304-B OLD COURTHOUSE RD #14 14 Vienna, VA.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: 1,331 SF second‑floor corner office condominium; 5 private rooms plus a common area; 2024 upgrades include new LVP flooring and a renovated bathroom
More about this property
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