7535 Little River TpkeAnnandale, VA 22003

Property Details for 7535 Little River Tpke

Property size (Sq ft)

1,196 SF

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Other office properties

APN

071-1-42-0100-B

APU

0711420100B

Description

This exceptional 2,500 square foot office space, located at 7535 Little River Turnpike Unit 206A in Annandale, Virginia, presents a fantastic opportunity for a discerning business. Currently configured as an insurance office, this versatile space boasts five individual offices, a large conference room ideal for meetings and presentations, and a welcoming waiting area. The layout is adaptable and can easily be modified to suit a variety of professional uses. The unit's convenient location offers easy access to major roadways, including the 495 beltway, ensuring seamless commutes for employees and clients. Adding to its appeal, all utilities are included in the condo fee, providing predictable and manageable operating costs. Furthermore, the property includes the significant benefit of four reserved parking spaces in a secure underground garage, eliminating parking hassles for staff and visitors. The space is fully furnished, allowing for immediate occupancy and minimizing upfront setup costs. This turnkey solution combines prime location, ample space, and convenient amenities, making it an exceptional investment opportunity. The property is priced at $480,000. Elevator service is also provided within the building.

• CAP approach

  CAP return

  Valuation

  6%

  $264,176

  6.5%

  $243,855

  7%

  $226,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,744

  Geo Method

  $199,744

• Alternative Use

  Use

  Valuation

  Residential

  $302,380

  Hospitality

  $276,978

  Educational

  $230,443

  Medical

  $238,368

  Retail

  $358,466

Location Insight

City

Annandale

County

Fairfax

State

Virginia

Latitude

38.8316

Longitude

-77.2071

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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