14137 Robert Paris CtChantilly, VA 20151

Property Details for 14137 Robert Paris Ct

Property size (Sq ft)

1,228 SF

Zone code

I-3(INDUST LIGHT INTENSIT

Property type

Office properties

Property subtype

Other office properties

APN

044-2-25-0001

APU

442250001

Description

This exceptional investment opportunity presents two fully leased Class B office condominiums totaling 2,775 square feet, situated in the desirable Colonels Ridge Office Condominium in Chantilly, Virginia. Located at 14137 & 14131 Robert Paris Court, this property boasts a prime location directly across from a new Wegmans and Toll Brothers development, offering excellent visibility and accessibility near Route 28 and Walney Road. Built in 2006, the ground floor units feature ample parking and prominent signage opportunities. The property benefits from a professional property manager and enjoys a strong financial performance, with a combined gross income of $61,010.28 and a net operating income (NOI) of $43,021.39, resulting in a compelling 4.78% cap rate. Both units are currently leased to long-term tenants with a lease expiration date of October 31, 2024 for one unit and October 31, 2023 for the other. One lease includes a two-year renewal option. This turnkey investment offers a stable income stream and significant potential for future appreciation in a thriving commercial area of Fairfax County (zip code 20151). The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $280,004

  6.5%

  $258,465

  7%

  $240,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,250

  Geo Method

  $168,250

• Alternative Use

  Use

  Valuation

  Residential

  $320,496

  Hospitality

  $293,573

  Educational

  $244,249

  Medical

  $252,649

  Retail

  $379,943

Location Insight

City

Chantilly

County

Fairfax

State

Virginia

Latitude

38.8787

Longitude

-77.4366

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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