731 Walker RdGreat Falls, VA 22066

Property Details for 731 Walker Rd

Year built

1984

Property size (Sq ft)

1,519 SF

Zone code

COMM (W/ RES/APT ZONING)

Property type

Office properties

Property subtype

Other office properties

APN

013-1-10-0005-E1

APU

0131100005E1

Description

This 1,728 square foot vacant office condo in the Great Falls Business Center, located at 731 Walker Rd, Unit E2, Great Falls, VA 22066, is offered at $464,000 ($268.52/sq ft). Built in 1984, this single-unit property is zoned for both office and retail use, providing exceptional versatility. The space boasts a bright and open layout with four private windowed offices, one interior office, a large open area suitable for a workspace, meeting area, or studio, and two restrooms (one with a shower). A welcoming, recently renovated lobby features direct parking access, and the unit includes a stylish main entry door and a second private back entrance. Prominent lobby signage and a large exterior lighted sign are available. The property benefits from ample free parking and professional property management of common areas within this 16-unit complex. Its prime location, just north of the Georgetown Pike/Walker Road intersection, offers easy access to Great Falls Village Centre, with its numerous amenities including Safeway, Starbucks, the post office, banks, restaurants, and the library. Convenient access to Tysons Corner, Reston, Dulles International Airport (IAD), the Silver Line Metro, and I-495 further enhances its appeal. Short-term owner financing is available. This property is ideal for a variety of businesses, including professional offices, training facilities, spas, and studios.

• CAP approach

  CAP return

  Valuation

  6%

  $404,169

  6.5%

  $373,079

  7%

  $346,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $300,041

  Geo Method

  $303,709

• Alternative Use

  Use

  Valuation

  Residential

  $462,618

  Hospitality

  $423,756

  Educational

  $352,560

  Medical

  $364,685

  Retail

  $548,427

Location Insight

City

Great Falls

County

Fairfax

State

Virginia

Latitude

38.9992

Longitude

-77.2886

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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