This exceptional investment opportunity presents four office condominium suites within the desirable Kelly Square complex in Fairfax, Virginia (22030), located at 10805 Main St. The property, built in 1985, comprises a single, one-story building encompassing a total of approximately 2,400 square feet of net rentable space, distributed across four units. Unit 100 offers 1,200 square feet, while units 200 and 300 each provide 2,400 square feet, with unit 200/300 further enhanced by a 600-square-foot bonus loft space. Unit 400 also features 1,200 square feet. Each suite boasts attractive features including reception areas, open workspaces, kitchens or kitchenettes, one to three bathrooms, dedicated meeting or conference rooms, and ample storage. Natural light is abundant throughout. The property benefits from plentiful unassigned parking and is conveniently situated near Old Town Fairfax. The permitted zoning is CO. This property is ideal for owner-occupiers or investors seeking substantial office space in a park-like setting. The asking price for this condominium complex is $279,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$265,977
6.5%
$245,517
7%
$227,980
Comparable approach
Method
Valuation
Relative Method
$115,428
Geo Method
$115,428
Alternative Use
Use
Valuation
Residential
$304,441
Hospitality
$278,866
Educational
$232,013
Medical
$239,993
Retail
$360,910
Location Insight
City
Fairfax
County
Fairfax City
State
Virginia
Latitude
38.8498
Longitude
-77.3186
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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