Medical Office Suite with
New
For Sale
$375,000
9004 FERN PARK DRIVE, Burke, VA 22015
Entry-level space includes private offices, storage, reception, sinks, and two restrooms.
Property Size1,452 SF
Price / SF$258.26
Days on Market5
Property Features for 9004 FERN PARK DRIVE
General Information
Standard status
Active
Size
1,452 SF
Class
Class C
Property subtype
Commercial
Zoning
C-2
Space & Availability
Floor
Entry Level
Condition
Turnkey
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Building Details
Year Built
1980
Buildings
1
Stories
2
Tenancy
Multi
Parking Ratio
3.07 per 1,000 SF
Listing Agency:
Coldwell Banker Realty
(301) 718-0010
Listed By:
Mandy G Book · License #0225083087
(703) 655-4592
Source:
Cummingsrealtors
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 5:11PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
At 9004 Fern Park Drive, this 1,452 SF medical office suite occupies the entry level of a two-story, Class C building constructed in 1980. Its layout includes a lobby and reception area, three private offices, storage, additional sinks, and two restrooms. The property is zoned C-2.
On-site parking is provided at a 3.07/1,000 SF ratio. Route 645 (Burke Centre Parkway) is nearby, and I-495 is 2.5 miles away. A bus stop at Rolling Road and Fern Park Drive serves the complex; additional stops are located along Braddock Road. University Mall Shopping Center and nearby retail services include grocery, pharmacy, banking, coffee, and dining options.
The quarterly condo fee covers water, exterior upkeep, snow removal, trash, and common-ground maintenance.
On-site parking is provided at a 3.07/1,000 SF ratio. Route 645 (Burke Centre Parkway) is nearby, and I-495 is 2.5 miles away. A bus stop at Rolling Road and Fern Park Drive serves the complex; additional stops are located along Braddock Road. University Mall Shopping Center and nearby retail services include grocery, pharmacy, banking, coffee, and dining options.
The quarterly condo fee covers water, exterior upkeep, snow removal, trash, and common-ground maintenance.
Key Highlights
- 1,452 SF entry‑level medical office suite
- Three private offices, reception area, storage, additional sinks, and two restrooms
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,486
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,720
$549.7K
Cap Rate 7%
$392,657
$392.7K
Cap Rate 9%
$305,400
$305.4K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$42.9K $29.52/SF
− Vacancy
−$6.2K −$4.28/SF
EGI
$36.6K $25.24/SF
− OpEx
−$9.2K −$6.31/SF
NOI
$27.5K $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%
$549,720
Cap Rate 7%
$392,657
Cap Rate 9%
$305,400
Alternative Uses
Best Use
Office B
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 7.33%
Second Best
Healthcare Medical
$378.0K
$330.7K – $441.0K
NOI $26,458 @ 7.0% cap · market cap 7.06%
Theoretical Best
Specialty Retail
$6.09M
$5.33M – $7.10M
NOI $426,049 @ 7.0% cap · market cap 113.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- American Food Hygiene Vet Association — 4910 Magdalene Ct, Annandale, VA 22003
Frequently Asked Questions
What type of property is this?
Medical Office Space - Entry-level space includes private offices, storage, reception, sinks, and two restrooms.
Where is this medical office space located?
The property is located at 9004 FERN PARK DRIVE Burke, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,452 SF entry‑level medical office suite; Three private offices, reception area, storage, additional sinks, and two restrooms; C‑2 zoning
