4116 Leonard DrFairfax, VA 22030

Property Details for 4116 Leonard Dr

Year built

1981

Property size (Sq ft)

2,808 SF

Zone code

COMMERCIAL LIMITED

Property type

Office properties

Property subtype

Other office properties

APN

57-3-12-00-002

APU

5731200002

Description

This exceptional fee-simple executive office townhome, located at 4116 Leonard Dr in Fairfax, Virginia (22030), presents a unique investment opportunity. Boasting 2,808 square feet of net rentable space, this three-level property offers unparalleled flexibility and convenience. Built in 1981 and zoned CL, the townhome features elegant hardwood floors throughout, creating a sophisticated and professional atmosphere. With dual entrances, the layout easily accommodates various office configurations, including private offices and a conference room. Ample parking is provided with 30 dedicated spaces. The property's prime location offers the advantage of being within walking distance of the Fairfax County Courthouse and other downtown amenities. The asking price is $525,000, translating to $186.97 per square foot. The property is available for occupancy commencing May 26, 2024. This is an ideal opportunity for businesses seeking a prestigious and well-located office space, allowing for customization to meet specific operational needs. The property's APN is 57 3 12 002. This multi-unit property offers a single unit for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $622,385

  6.5%

  $574,509

  7%

  $533,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $270,102

  Geo Method

  $270,102

• Alternative Use

  Use

  Valuation

  Residential

  $712,392

  Hospitality

  $652,547

  Educational

  $542,911

  Medical

  $561,583

  Retail

  $844,529

Location Insight

City

Fairfax

County

Fairfax City

State

Virginia

Latitude

38.8437

Longitude

-77.3124

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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