Retail Condo with Medical
C-2972 Chain Bridge Rd, Oakton, VA 22182
For Sale
$754,000
Three hand-washing stations and a restroom support service-oriented occupancy.
Property Size1,340 SF
Price / SF$562.69
Days on Market24
Property Features for C-2972 Chain Bridge Rd
General Information
Standard status
Size
Site & Location
Traffic Count
Road Access
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker Realty
(703) 471-7220
Listed By:
Deniz Senyurt · License #0225217450
(571) 271-6604
Source:
Exprealty
Added: Oct 15
Changed: Nov 4
Last Checked: Nov 6 at 1:52PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail condominium at C-2972 Chain Bridge Road contains 1,340 SF of space, originally configured for medical use and later operated as a massage center. The interior includes three hand-washing stations and a restroom, features relevant to service-based businesses. A monthly condominium fee covers trash and common-area maintenance.
The unit fronts the Chain Bridge Road corridor, identified as Route 123, with approximately 20,129 vehicles passing daily. Subway and Domino’s Pizza are immediately alongside the property. I-66, Hunter Mill Road, the Vienna/Fairfax-GMU Metro Station, and the communities of Vienna, Fairfax, and Tysons are reachable by drive.
The unit fronts the Chain Bridge Road corridor, identified as Route 123, with approximately 20,129 vehicles passing daily. Subway and Domino’s Pizza are immediately alongside the property. I-66, Hunter Mill Road, the Vienna/Fairfax-GMU Metro Station, and the communities of Vienna, Fairfax, and Tysons are reachable by drive.
Key Highlights
- 1,340 SF retail condominium
- Originally configured for medical use; later operated as a massage center
- Three hand‑washing stations and one restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,752
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,040
$735.0K
Cap Rate 7%
$525,029
$525.0K
Cap Rate 9%
$408,356
$408.4K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$54.4K $40.56/SF
− Vacancy
−$1.8K −$1.38/SF
EGI
$52.5K $39.18/SF
− OpEx
−$15.8K −$11.75/SF
NOI
$36.8K $27.43/SF
Area
Fairfax County, VA
Vacancy
3.40%
Lease Rate
$40.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,040
Cap Rate 7%
$525,029
Cap Rate 9%
$408,356
Alternative Uses
Best Use
Retail
$525.0K
$459.4K – $612.5K
NOI $36,752 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.62M
$4.91M – $6.55M
NOI $393,186 @ 7.0% cap · market cap 52.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20,129 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,405
Businesses Nearby
442k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 36%
Dining 32%
Shops & Services 11%
Groceries 7%
T.J. Maxx
Apparel
57,246 visits/mo
0.3 miles
Burlington
Apparel
34,239 visits/mo
0.2 miles
Best Buy
Electronics
25,525 visits/mo
0.5 miles
DSW Designer Shoe Warehouse
Apparel
23,420 visits/mo
0.3 miles
McDonald's
Dining
23,351 visits/mo
0.4 miles
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
$1,086,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Fairfax County, VA
Properties on Market for Retail space in Fairfax County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Three hand-washing stations and a restroom support service-oriented occupancy.
Where is this retail space located?
The property is located at C-2972 Chain Bridge Rd Oakton, VA.
What is the asking price?
The asking price for this property is $754,000.
What are key features of this property?
This property features: 1,340 SF retail condominium; Originally configured for medical use; later operated as a massage center; Three hand‑washing stations and one restroom
