10805 Main StFairfax, VA 22030

Property Details for 10805 Main St

Year built

1985

Property size (Sq ft)

1,200 SF

Zone code

COMMERCIAL OFFICE

Property type

Office properties

Property subtype

Other office properties

APN

57-1-27-03-300

APU

5712703300

Description

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.

• 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

Property Tax & Assessments

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