14137 Robert Paris Ct Chantilly, VA 20151-4201
- Office Properties & Spaces
- 1,228 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 14137 Robert Paris Ct
- Property size
- 1,228 SF
- Zone code
- I-3(INDUST LIGHT INTENSIT
- Property type
- Office Properties & Spaces
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $290,000
- 6.5%
- $270,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $320,000
- AI Estimate
- $179,000
Market price range: $221k - $388kMarket price range: $50.7k - $251k
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Location Insight
- Map
- Local Demand
- City
- Chantilly
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.4366
- Latitude
- 38.8787
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA