8992 Fern Park DrBurke, VA 22015

Property Details for 8992 Fern Park Dr

Year built

1978

Construction

CONCRETE BLOCKS

Property size (Sq ft)

3,696 SF

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Other office properties

APN

069-4-16-0006

APU

694160006

Description

This exceptional executive office condo, located at 8992 Fern Park Dr, Burke, VA 22015, offers 1,250 square feet of renovated space in a 3,696 square foot building. Built in 1978 and completely renovated in 2024, this single-tenant property boasts a prime location near major roadways including the 495 beltway, and is conveniently close to Fairfax, Springfield, Annandale, George Mason University, and Fairfax Hospital. The unit features its own separate offices, storage room, bathroom, and kitchenette. Abundant natural light streams in through numerous windows. The property is well-maintained and includes ample free parking. This C2-zoned property is situated next to the Kings Park Shopping Center. The available unit offers approximately 1,250 square feet on one floor. The asking rent is $1,550 per month for the top floor unit and $1,850 per month for the main level unit. Immediate occupancy is available. The property consists of three separate units within the building.

• CAP approach

  CAP return

  Valuation

  6%

  $779,697

  6.5%

  $719,720

  7%

  $668,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $617,269

  Geo Method

  $617,269

• Alternative Use

  Use

  Valuation

  Residential

  $892,453

  Hospitality

  $817,482

  Educational

  $680,136

  Medical

  $703,526

  Retail

  $1,057,988

Location Insight

City

Burke

County

Fairfax

State

Virginia

Latitude

38.809

Longitude

-77.2569

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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