Natural-Light Office
For Sale
$330,000
G-1146 Walker Rd, Great Falls, VA 22066
Vacant suite with private offices, reception space, skylights, and parking for occupants and visitors.
Property Size1,250 SF
Price / SF$264
Days on Market160
Property Features for G-1146 Walker Rd
General Information
Standard status
Active
Size
1,250 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,469
Building Details
Tenancy
Multi
Owner Occupied
No
Listing Agency:
Samson Properties
(703) 930-5692
Listed By:
Bonnie H Wolfe · License #0225078568
(703) 930-5692
Source:
Exprealty
Added: Mar 17
Changed: Aug 21
Last Checked: Aug 22 at 8:54AM
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 office condominium provides approximately 1,250 square feet in a professionally maintained setting. The suite includes three windowed private offices, a reception area, a central hallway with room for filing or storage, a restroom, and a utility room with janitor sink and storage. Double entry doors, wood flooring, skylights, and large windows contribute to a bright, polished interior, while entrances at both ends of the shared corridor add convenience.
The property is located in Great Falls with two access points from Route 7/Leesburg Pike. Building signage and monument signage at the main entrance are available. Parking includes customer spaces near the suite and additional employee parking at the rear. The condominium is vacant and ready for immediate occupancy, with professional management of common areas. Great Falls Village Centre, Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library are nearby. The area also offers access toward Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
The property is located in Great Falls with two access points from Route 7/Leesburg Pike. Building signage and monument signage at the main entrance are available. Parking includes customer spaces near the suite and additional employee parking at the rear. The condominium is vacant and ready for immediate occupancy, with professional management of common areas. Great Falls Village Centre, Safeway, Starbucks, restaurants, banks, the post office, and the Great Falls Library are nearby. The area also offers access toward Tysons, Reston, Dulles International Airport, the Silver Line Metro, and I-495.
Key Highlights
- Approximately 1,250 square feet with three private offices and a reception area
- Vacant office condominium ready for immediate occupancy
- Skylights and large windows provide abundant natural light
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
$23,662
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
7.17%
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%
$473,240
$473.2K
Cap Rate 7%
$338,029
$338.0K
Cap Rate 9%
$262,911
$262.9K
Market Conditions
NOI Build-Up for 1,250 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
$36.9K $29.52/SF
− Vacancy
−$5.4K −$4.28/SF
EGI
$31.5K $25.24/SF
− OpEx
−$7.9K −$6.31/SF
NOI
$23.7K $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%
$473,240
Cap Rate 7%
$338,029
Cap Rate 9%
$262,911
Alternative Uses
Best Use
Office B
$338.0K
$295.8K – $394.4K
NOI $23,662 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.24M
$4.58M – $6.11M
NOI $366,778 @ 7.0% cap · market cap 111.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 22066, VA
18,165
Population
5,852
Households
3.1
Avg Household Size
45
Median Age
85%
College-Educated
99%
High-School Grad
25.6 sq mi
ZIP Area
710
Density / Sq Mi
$250,001
Median Household Income
$123,162
Median Earnings
$3,501
Median Rent
$1,240,100
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 - Vacant suite with private offices, reception space, skylights, and parking for occupants and visitors.
Where is this office units located?
The property is located at G-1146 Walker Rd Great Falls, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Approximately 1,250 square feet with three private offices and a reception area; Vacant office condominium ready for immediate occupancy; Skylights and large windows provide abundant natural light
