2841 Hartland RdFalls Church, VA 22043

Property Details for 2841 Hartland Rd

Property size (Sq ft)

823 SF

Zone code

C-3(OFFICE)

Property type

Office properties

APN

049-2-39-0201-B

APU

0492390201B

Description

This exceptional 3,500 square foot medical office condo is ideally situated in the heart of Merrifield, Falls Church, Virginia (22043). Located at 2841 Hartland Road, Unit 401B, this Class B property offers a unique opportunity for medical professionals seeking a turnkey solution. Currently 100% occupied, the single-tenant space boasts a modified lease structure and is priced at $1,225,000, or $350 per square foot. Built in 1989, the condo features central air and electric heating, along with an electric water heater. Utilities are serviced by public water and a public septic system. The net rentable area is 3,500 square feet, making it an efficient and well-utilized space. This fully built-out medical office condo presents a compelling investment opportunity in a thriving location within Fairfax County. The property's prime location and existing tenancy provide immediate income potential and long-term stability. Don't miss this chance to acquire a high-demand medical office space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $182,414

  6.5%

  $168,382

  7%

  $156,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $118,958

  Geo Method

  $79,164

• Alternative Use

  Use

  Valuation

  Residential

  $208,794

  Hospitality

  $191,254

  Educational

  $159,121

  Medical

  $164,594

  Retail

  $247,522

Location Insight

City

Falls Church

County

Fairfax

State

Virginia

Latitude

38.8765

Longitude

-77.222

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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