Office Unit with Palladian
For Sale
$245,000
9675 MAIN STREET, Fairfax, VA 22031
Second-floor office condo with private offices, conference space, kitchenette, restroom, and updated interior finishes.
Property Size883 SF
Price / SF$277.46
Days on Market11
Property Features for 9675 MAIN STREET
General Information
Standard status
Active
Size
883 SF
Property subtype
Office
Additional Details
Floor
2
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,568
Amenities
Central Air
Carpet
No Parking.
Building Details
Year Built
1986
Listing Agency:
(703) 969-6803
Listed By:
Samson Properties
(703) 969-6803
Source:
Xome
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 31 at 2:06PM
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 883-square-foot second-floor office condo, built in 1986, combines a reception and open work area with two private offices and a conference room that can function as executive office space. A file, copy, and work room includes shelving, while the unit also provides a kitchenette and private restroom. Large Palladian windows, high cathedral ceilings, central air, carpeting, fresh paint, and updated finishes shape the interior environment.
The property is located on Main Street in Fairfax, near Woodson High School, Old Town Fairfax, and Fair City Mall. Access to I-495, I-395, and other major commuter routes is available within minutes. The space is suited to an owner-user or investor, as stated in the property information.
The property is located on Main Street in Fairfax, near Woodson High School, Old Town Fairfax, and Fair City Mall. Access to I-495, I-395, and other major commuter routes is available within minutes. The space is suited to an owner-user or investor, as stated in the property information.
Key Highlights
- 883‑square‑foot second‑floor office condo
- Two private offices plus a conference room or executive office
- Large Palladian windows and high cathedral ceilings
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
$16,715
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
6.82%
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%
$334,300
$334.3K
Cap Rate 7%
$238,786
$238.8K
Cap Rate 9%
$185,722
$185.7K
Market Conditions
NOI Build-Up for 883 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
$26.1K $29.52/SF
− Vacancy
−$3.8K −$4.28/SF
EGI
$22.3K $25.24/SF
− OpEx
−$5.6K −$6.31/SF
NOI
$16.7K $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%
$334,300
Cap Rate 7%
$238,786
Cap Rate 9%
$185,722
Alternative Uses
Best Use
Office B
$238.8K
$208.9K – $278.6K
NOI $16,715 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.32M
NOI $259,092 @ 7.0% cap · market cap 105.75%
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
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
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 office condo with private offices, conference space, kitchenette, restroom, and updated interior finishes.
Where is this office units located?
The property is located at 9675 MAIN STREET Fairfax, VA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 883‑square‑foot second‑floor office condo; Two private offices plus a conference room or executive office; Large Palladian windows and high cathedral ceilings
