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    Property profile & analytics

    7006 Little River Tpke Annandale, VA 22003

    • Office Properties & Spaces
    • 1,196 SF
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    9.6%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US87-1310192
    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

    • Law Office of Michael D. Toobin, P.C. / Law Firm / Estate Planning Attorney
    • Marshall William A / Attorney / Real Estate Attorney
    • Young Jai Chang / Acupuncturist
    • Emily Chang / Acupuncturist
    • BJK CONSULTING / Business Management Consultant

    Property Details for 7006 Little River Tpke

    Year built
    1988
    Property size
    1,196 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office Properties & Spaces
    APN
    071-2-37-0003-A
    APU
    0712370003A

    Description

    This exceptional 1,196 square foot office condo is ideally situated in a central Annandale office complex. Located on the first floor, the unit boasts a generous reception area, perfect for welcoming clients. Four private offices provide ample space for individual work or team collaboration. Two restrooms and a kitchenette add convenience and functionality. The property offers the unique advantage of allowing the installation of a custom sign atop the entrance, enhancing visibility and brand recognition. Its prime location in the heart of Annandale ensures easy access to major thoroughfares, with close proximity to both the 495 and 395 highways. This makes commuting and client accessibility exceptionally convenient. The property is well-suited for a variety of professional uses, including but not limited to CPA firms, law offices, educational academies, and medical practices. Ample free parking is available, eliminating the hassle of finding parking for staff and clients. The combination of its spacious layout, convenient amenities, and strategic location makes this office condo a truly exceptional opportunity. This is a must-see property for any business seeking a well-established and easily accessible location in Annandale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $379,000
      Market price range: $261k - $415k
      AI Estimate
      $294,000
      Market price range: $205k - $323k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $325,000
      Current use
      AUTO REPAIR, GARAGE
      $400,000
      Change: +22% Conversion: Difficult
      WAREHOUSE, STORAGE
      $350,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.186
    Latitude
    38.8299
    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
    $4,319
    $67,300
    $269,210
    $336,510
    -
    $67,300
    $269,210
    $336,510

    Comparable in this City

    • Value Estimation by Request
      1,621 SF

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      Office Properties & Spaces • 1,621 SF
      7020 Evergreen Ct, Annandale, VA 22003
      View Details
    • Value Estimation by Request

      7015 Evergreen Ct, Unit 9

      CONDOMINIUM OFFICES
      7015 Evergreen Ct, Annandale, VA 22003-3227
      View Details
    • Value Estimation by Request

      7535 Little Riv Tpke Ste 325b

      CONDOMINIUM OFFICES
      7535 Little Riv Tpke Ste 325b, Annandale, VA 22003-2937
      View Details
    • Value Estimation by Request

      5025 Backlick Rd, Unit B

      CONDOMINIUM OFFICES
      5025 Backlick Rd, Annandale, VA 22003-6044
      View Details
    • Value Estimation by Request

      5105th Backlick Rd, Unit 11

      CONDOMINIUM OFFICES
      5105th Backlick Rd, Annandale, VA 22003-6066
      View Details
    • Value Estimation by Request

      5105 Backlick Rd, Unit 19

      CONDOMINIUM OFFICES
      5105 Backlick Rd, Annandale, VA 22003
      View Details

    Similar Nearby for Sale

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      Commercial property for sale in Annandale, Virginia.
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    • $399,000
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      Annandale Office Condo - Prime Location

      Spacious Office Condo, Great Annandale Location
      7006 Little River Tpke, Annandale, VA 22003
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    • Contact for pricing

      Annandale Office Space For Lease

      Ground-level office, 5 offices, private entrance.
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    • $330,000
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      Annandale Office Space For Sale

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    Similar Nearby for Lease

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      Office Space in Annandale, VA

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    • $1,850 /Mo

      Annandale Office Condo For Lease

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      Office space available with utilities and WiFi included.
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      Annandale Office Suite For Lease

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      Annandale Office Condo For Rent

      Office condominium in Annandale business district, convenient location.
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    Annandale, VA 22003
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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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