Second-Floor Corner Office
For Sale
$260,000
10503 WEST, Fairfax, VA 22030
Second-floor end unit office suite with reception, multiple windowed offices, conference room, and an in-unit restroom.
Property Size1,035 SF
Price / SF$251.21
Days on Market100
Property Features for 10503 WEST
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,108
Amenities
Central Air
3
Parking.
Lot.
Building Details
Year Built
1979
Listing Agency:
Weichert, REALTORS
(703) 855-7630
Listed By:
Franklin Lattanzi · License #0225053820
(703) 855-7630
Source:
Xome
Added: May 25
Changed: Aug 22
Last Checked: Aug 31 at 2:28PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
This second-floor end unit commercial office suite is laid out for efficient day-to-day workflow, with windowed offices throughout that bring in natural light. The space includes a welcoming reception area, three private offices, a dedicated conference room, an administrative workspace, and an in-unit restroom. A generous utility or storage room is also included.
The property is positioned at the corner of Chain Bridge Road and West Drive, offering convenient access to the Fairfax County Courthouse and George Mason University (GMU). Ample on-site parking is available, and tenants benefit from permitted exterior signage for visibility.
The suite is designed with multiple separate office rooms plus shared administrative and meeting areas, making it suitable for organizations that need both private workspaces and dedicated space for client or internal discussions.
The property is positioned at the corner of Chain Bridge Road and West Drive, offering convenient access to the Fairfax County Courthouse and George Mason University (GMU). Ample on-site parking is available, and tenants benefit from permitted exterior signage for visibility.
The suite is designed with multiple separate office rooms plus shared administrative and meeting areas, making it suitable for organizations that need both private workspaces and dedicated space for client or internal discussions.
Key Highlights
- Second‑floor end unit office suite with reception area, multiple windowed offices, and dedicated conference room
- Includes an in‑unit restroom plus a generous utility/storage room
- Central air cooling and heating
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
$19,592
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
7.54%
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%
$391,840
$391.8K
Cap Rate 7%
$279,886
$279.9K
Cap Rate 9%
$217,689
$217.7K
Market Conditions
NOI Build-Up for 1,035 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
$30.6K $29.52/SF
− Vacancy
−$4.4K −$4.28/SF
EGI
$26.1K $25.24/SF
− OpEx
−$6.5K −$6.31/SF
NOI
$19.6K $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%
$391,840
Cap Rate 7%
$279,886
Cap Rate 9%
$217,689
Alternative Uses
Best Use
Office B
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.34M
$3.80M – $5.06M
NOI $303,692 @ 7.0% cap · market cap 116.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
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 end unit office suite with reception, multiple windowed offices, conference room, and an in-unit restroom.
Where is this office units located?
The property is located at 10503 WEST Fairfax, VA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Second‑floor end unit office suite with reception area, multiple windowed offices, and dedicated conference room; Includes an in‑unit restroom plus a generous utility/storage room; Central air cooling and heating
