4115 Annandale Rd Annandale, VA 22003
- Office buildings
- 38,512 SF
- 1.06 lot acres
Current Use by Public Records
- Yellow Book / (Bike/Boat/Book/etc) Store
- Esther's Kitchen / Take-out & Catering / Catering Service
- Burke & Burke Insurance LLC / Insurance Agency
- PSIwebware, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
- COWAY USA INC / Physician
Property Details for 4115 Annandale Rd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 1.06 lot acres
- Property size
- 38,512 SF
- Zone code
- C-3(OFFICE)
- Property type
- Office buildings
- APN
- 060-3-16-0092-B
- APU
- 0603160092B
Description
This three-story, 36,843 square foot office building, constructed in 1986, presents a compelling investment opportunity in the thriving Annandale, Virginia market. Located at 4115 Annandale Road, zip code 22003, the property boasts a C3 zoning designation and offers a variety of suite sizes, ranging from 150 to 3,676 square feet, with a maximum contiguous space of 2,969 square feet. Currently, 8,154 square feet are vacant, providing immediate occupancy potential for multiple tenants. The building is well-equipped with elevators and caters to diverse office needs, including traditional, executive, and medical office spaces. Its strategic location on Annandale Road provides convenient access to major thoroughfares such as Columbia Pike (Route 244), Little River Turnpike (Route 236), Gallows Road, I-495, and Route 66, with proximity to I-95 and I-395. The property benefits from its position within a vibrant commercial area, surrounded by established retail centers and rapidly developing residential neighborhoods, ensuring high visibility and a strong tenant pool. This is an exceptional opportunity to secure a well-situated office building in a high-growth area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $12,960,000
- 6.5%
- $11,965,000
- 7%
- $11,110,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,403,000
- AI Estimate
- $6,604,000
Market price range: $8.40M - $13.4MMarket price range: $6.60M - $10.4M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $10,520,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $14,200,000 Change: +35% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $13,100,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,860,000 Change: +22% Conversion: Difficult
- WAREHOUSE, STORAGE
- $11,300,000 Change: +7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Annandale
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.197
- Latitude
- 38.834
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA