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    Property profile & analytics

    10134 Colvin Run Rd Great Falls, VA 22066

    • Office Properties & Spaces
    • 864 SF
    For Sale
    View listing
    $725,000
    Last Sale
    Sep 15, 2023
    $360,000
    Value Estimations
    Cap Rate Potential
    6.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US87-0907267
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Margery Wedderburn Interiors / Interior Designer / Interior Decorator
    • Crimply / Graphic Designer / Internet Marketing Service
    • Glamour Color Hair Studio / Hair Salon
    • Virginia Allergy And Pediatrics / Doctor
    • Virginia Allergy & Pediatric: De Souza Dinea MD / Pediatrician

    Property Details for 10134 Colvin Run Rd

    Year built
    1986
    Property size
    864 SF
    Zone code
    COMM (W/ RES/APT ZONING)
    Property type
    Office Properties & Spaces
    APN
    012-4-16-34-A
    APU
    01241634A

    Description

    This exceptional 2,273 square foot executive office condo, located at 10134 Colvin Run Rd, Ste G & H in Great Falls, Virginia, is now available for $725,000. Situated in the desirable Leigh Corners Office Park, this end unit offers a prime location with convenient access to Route 7 and ample free parking. The two-story building boasts a spacious layout featuring several private offices, a large kitchen complete with granite countertops, a dedicated conference room, and an updated bathroom. High ceilings with skylight windows provide abundant natural light. The property also benefits from prominent monument signage. Annual property taxes are $9,306.54, and monthly condo fees are $872.68. This is an excellent opportunity to acquire a well-appointed and conveniently located executive office space in Fairfax County, Virginia, zip code 22066. The property is near Leesburg Pike, offering easy access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $255,000
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $270,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $382,000
      Market price range: $290k - $565k
      AI Estimate
      $238,000
      Market price range: $188k - $303k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $360,000
      Current use
      COMMERCIAL (GENERAL)
      $390,000
      Change: +9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $320,000
      Change: -11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $290,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Great Falls
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2973
    Latitude
    38.9745
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,070
    $63,420
    $253,670
    $317,090
    -
    $63,420
    $253,670
    $317,090

    Comparable in this City

    • Value Estimation
      $825,000
      1,250 SF

      10132 Colvin Run Rd Ste H

      CONDOMINIUM OFFICES • 1,250 SF
      10132 Colvin Run Rd Ste H, Great Falls, VA 22066-1840
      View Details
    • Value Estimation
      $290,000
      864 SF

      10134 Colvin Run Rd Ste C

      CONDOMINIUM OFFICES • 864 SF
      10134 Colvin Run Rd Ste C, Great Falls, VA 22066-1841
      View Details
    • Value Estimation
      $370,000
      864 SF

      10130 Colvin Run Rd Ste C

      CONDOMINIUM OFFICES • 864 SF
      10130 Colvin Run Rd Ste C, Great Falls, VA 22066-1839
      View Details
    • Value Estimation
      $320,000
      1,043 SF

      9912th Georgetown Pike, Unit 8

      CONDOMINIUM OFFICES • 1,043 SF
      9912th Georgetown Pike, Great Falls, VA 22066-2846
      View Details
    • Value Estimation
      $280,000
      949 SF

      1142 Walker Rd E Ste

      CONDOMINIUM OFFICES • 949 SF
      1142 Walker Rd E Ste, Great Falls, VA 22066-1836
      View Details
    • Value Estimation
      $295,000
      1,014 SF

      1144 Walker Rd Ste D

      CONDOMINIUM OFFICES • 1,014 SF
      1144 Walker Rd Ste D, Great Falls, VA 22066-1837
      View Details

    Similar Nearby for Sale

    • $725,000
      2,273 SF

      Great Falls Executive Office Condo

      Prime location, 2,273 SF, ample parking
      10134 Colvin Run Rd, Great Falls, VA 22066
      View Details
    • $725,000
      2,273 SF

      Great Falls Office Condo For Sale

      2,273 SF office condo in prime location for sale.
      10130-10134 Colvin Run Rd, Great Falls, VA 22066
      View Details
    • $1,250,000

      Land For Sale

      Land available for purchase.
      24A3 Blue Ridge Ln, Great Falls, VA 22066
      View Details
    • $1,950,000
      5.80 Acres

      Great Falls Land Opportunity

      5.8 acre hilltop property ready for development.
      1000 Manning St, Great Falls, VA 22066
      View Details
    • New
      $997,000
      2.11 Acres

      Land in Great Falls, VA

      2.11 acre lot ready for your dream home.
      9203 Potomac Ridge Rd, Great Falls, VA 22066
      View Details
    • $5,795,000

      Great Falls Specialty Property

      Specialty property available for sale in Great Falls, Virginia.
      9605 Georgetown Pike, Great Falls, VA 22066
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      3,769 SF

      Great Falls Office Space Available

      Prime Office Suites, Fairfax County
      10135 Colvin Run Rd, Great Falls, VA 22066
      View Details
    • $30 SF/Yr

      Office Space in Great Falls

      Office space available for lease in Great Falls, Virginia.
      1142 Walker Rd, Great Falls, VA 22066
      View Details
    • $2,600 /Mo

      Corner Office Condo in Great Falls

      Bright corner office condo in prime Great Falls location.
      731 Walker Rd, Great Falls, VA 22066
      View Details
    • $2,375 /Mo

      Great Falls Office Condominium

      864 SF office condo in Great Falls location.
      10134 -C Colvin Run Rd, Great Falls, VA 22066
      View Details
    • $5,000 /Mo

      Professional Office Space For Rent

      Class B office space in prime Great Falls location.
      746 Walker Rd, Great Falls, VA 22066
      View Details
    • $5,000 /Mo

      Professional Office Space For Rent

      Class B office space in prime Great Falls location.
      746 Walker Rd, Great Falls, VA 22066
      View Details
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    10134 Colvin Run Rd
    Great Falls, VA 22066
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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