Upgraded Office
New
For Sale
$499,990
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
Price / SF$375.65
Days on Market3
Property Features for 8304-B OLD COURTHOUSE RD #14 14
General Information
Standard status
Active
Size
1,331 SF
Additional Details
Floor
2
HOA Fee
$213.43
Highway Access
Yes
Building Details
Year Renovated
2024
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Chul Kim · License #0225081749
(571) 758-2995
Source:
Careyrealtygroup
Added: Sep 7
Last Checked: Sep 8 at 8:56AM
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
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.
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 = 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
$25,195
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
5.04%
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%
$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
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
$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 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%
$503,900
Cap Rate 7%
$359,929
Cap Rate 9%
$279,944
Alternative Uses
Best Use
Office B
$359.9K
$314.9K – $419.9K
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
NOI $390,545 @ 7.0% cap · market cap 78.11%
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
79
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 - Second-floor corner suite with flexible rooms, contemporary finishes, and abundant surface parking.
Where is this office units 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
