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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2296 Opitz Blvd Ste, Unit 340 Woodbridge, VA 22191-3346

    • Medical offices
    • 1,420 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    4.1%
    Medical offices
    Location Intelligence
    Property ID
    US87-1341835
    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

    • Medical offices

    Property Details for 2296 Opitz Blvd Ste

    Year built
    1988
    Lot size
    0.55 lot acres
    Property size
    1,420 SF
    Zone code
    LOW-RISE OFFICE
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    8291-97-9652.03
    APU
    829197965203

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $705,000
      Market price range: $451k - $705k
      AI Estimate
      $672,000
      Market price range: $434k - $673k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $570,000
      Current use
      AUTO REPAIR, GARAGE
      $880,000
      Change: +54% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $800,000
      Change: +40% Conversion: Easy
      OFFICE BUILDING
      $730,000
      Change: +28% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $655,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge
    County
    Prince William
    State
    Virginia
    Longitude
    -77.2851
    Latitude
    38.6375
    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
    2023
    $3,915
    $51,500
    $324,800
    $376,300
    -
    $51,500
    $324,800
    $376,300

    Comparable in this City

    • Value Estimation by Request
      755 SF

      1984 Opitz Blvd

      MEDICAL BUILDING • 755 SF
      1984 Opitz Blvd, Woodbridge, VA 22191-3304
      View Details
    • Value Estimation by Request
      753 SF

      14904 Richmond Hwy Ste, Unit 410

      MEDICAL BUILDING • 753 SF
      14904 Richmond Hwy Ste, Woodbridge, VA 22191-3908
      View Details
    • Value Estimation by Request
      880 SF

      1982 Opitz Blvd

      MEDICAL BUILDING • 880 SF
      1982 Opitz Blvd, Woodbridge, VA 22191-3304
      View Details
    • Value Estimation by Request
      3,000 SF

      2010 Opitz Blvd Ste A

      MEDICAL BUILDING • 3,000 SF
      2010 Opitz Blvd Ste A, Woodbridge, VA 22191-3359
      View Details
    • Value Estimation by Request
      956 SF

      1900 Opitz Blvd Ste F

      MEDICAL BUILDING • 956 SF
      1900 Opitz Blvd Ste F, Woodbridge, VA 22191-3320
      View Details
    • Value Estimation by Request
      921 SF

      2024 Opitz Blvd Ste C

      MEDICAL BUILDING • 921 SF
      2024 Opitz Blvd Ste C, Woodbridge, VA 22191-3388
      View Details

    Similar Nearby for Sale

    • $525,000

      Medical Office Space Near Hospital

      Turnkey medical suite adjacent to Sentara Potomac Hospital.
      2296 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • New
      $350,000
      1,252 SF

      WOODBRIDGE Office Space For Sale

      Office space near Sentara Northern Virginia Medical Center and Potomac Mills.
      2200 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • $1,299,000
      5,000 SF

      Woodbridge Office Building - Prime Location

      Versatile Office Space, Ample Parking, High Visibility
      1502 Featherstone Rd, Woodbridge, VA 22191
      View Details
    • $1,600,000

      Richmond Hwy Executive Office

      Prime Woodbridge Mixed-Use Development Site
      14008 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Woodbridge Medical Office Suite

      Renovated Office Space - Immediate Lease
      2028 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • $1,400,000
      1,557 SF

      Jefferson Davis Hwy Office Building

      Prime Woodbridge Office/Development Site
      14100 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,989 SF

      Medical Office Near Hospital Campus

      Medical office space located on Sentara Virginia Medical Center campus.
      2296 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • $2,150 /Mo

      Renovated Medical Office Space

      Well-renovated corner unit suitable for medically related businesses.
      14904 Richmond Hwy, Woodbridge, VA 22191
      View Details
    • $2,100 /Mo

      Medical Office Space Available

      Turn-key medical office space with flexible usage options.
      2026 Opitz Blvd, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      1,916 SF

      Woodbridge Office Suites for Lease

      Modern Offices, Great Location, All-Inclusive Rent
      14416 Richmond Hwy, Woodbridge, VA 22191
      View Details
    • $1,700 /Mo

      Office Space Near I-95

      Office space in Woodbridge, near I-95 and NoVa Community College.
      2579 Hanco Center Dr, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      1,467 SF

      Retail Space in Stonebridge Center

      Retail space available in a grocery-anchored lifestyle center.
      15025 Potomac Town Pl, Woodbridge, VA 22191
      View Details
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    Woodbridge, VA 22191-3346
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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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