803 Broad StFalls Church, VA 22046

Property Details for 803 Broad St

Year built

1964

Construction

TYPE NOT SPECIFIED

Lot size

1.75 AC

Property size (Sq ft)

59,255 SF

Zone code

B-1/R-1A SPLIT

Property type

Office properties

Property subtype

Other office properties

APN

52-206-089

APU

52206089

Description

803 West Broad Street offers a fantastic opportunity to lease executive office or commercial space in a well-maintained Class B building. This seven-story building, constructed in 1965, boasts a total of 59,253 square feet, with multiple tenancy options available. Suites range from a minimum of 1,919 square feet up to a maximum contiguous space of 6,000 square feet, providing flexibility for businesses of various sizes. The building features convenient ground floor retail space, adding to its appeal and accessibility. Ample parking is provided with 148 free parking spaces for tenants and their clients. Enjoy easy access to major transportation arteries, including I-66, I-495, and the Dulles Toll Road, ensuring seamless commutes for employees and visitors. Recent renovations have enhanced the building's appeal, with updated elevators, lobby, and restrooms. Detailed floor plans are available upon request to assist in your space planning needs. This property presents a compelling opportunity for businesses seeking a well-located, functional, and updated office space in a convenient location. Contact us today to learn more about available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $13,088,410

  6.5%

  $12,081,610

  7%

  $11,218,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,091,777

  Geo Method

  $7,330,958

• Alternative Use

  Use

  Valuation

  Residential

  $14,981,196

  Hospitality

  $13,722,695

  Educational

  $11,417,121

  Medical

  $11,809,773

  Retail

  $17,759,966

Location Insight

City

Falls Church

County

Falls Church City

State

Virginia

Latitude

38.8877

Longitude

-77.1807

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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