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Investment Highlights

  • Two separately deeded office condo units totaling 2,582 SF — stacked within the same building, offering portfolio flexibility.
  • Commercial retail zoning accommodates a wide range of professional uses including legal, financial, medical, title, and administrative work.
  • Priced at $242/SF combined — consistent with recent CoStar-confirmed submarket comps ranging from $206 to $247/SF on comparable vintage product.
  • Both units delivered vacant — occupy immediately, lease one or both at market rates, or configure as a single integrated office operation.
  • Brick construction, central air, and shared surface parking within an established, professionally managed condo association.
  • Ideal for a professional services firm seeking an owned Fairfax City presence, or an investor acquiring two vacant, leasable assets.

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2 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 3815
  • 1,308 SF
  • Office
  • $427,223 CAD ($326.62 CAD/SF)
  • -
Sale Type Owner User
Description
3815 Plaza Drive is a 1,308 SF office condominium offered for sale in the established City of Fairfax submarket of Northern Virginia. Built in 1980, the property occupies a well-maintained office park setting and represents a practical acquisition for a small professional services firm, medical practitioner, or investor targeting single-tenant office condominiums in a stable, high-demand corridor.

The unit carries a parking ratio of 3.5 spaces per 1,000 SF, consistent with professional office use and sufficient for client-facing operations. At 1,308 SF, the layout is well-suited for a compact team requiring dedicated private office space, a reception area, and supporting workstations. Additional physical details regarding recent improvements or interior configuration were not provided, but the building's long-standing presence in the submarket reflects durable construction and continued occupancy demand.

For an owner-user, this unit offers a direct path out of a leasing position and into a fixed-cost asset with long-term equity upside. The scale of the space suits a solo practitioner, boutique advisory firm, or small professional services operation that does not require large footprint but values a professional address and dedicated parking. Investors may find appeal in the submarket's consistent demand from service-oriented tenants seeking proximity to government, legal, and university-adjacent activity.

The City of Fairfax benefits from deep economic fundamentals anchored by George Mason University and the regional concentration of government contractors, legal professionals, and healthcare providers. The property sits with immediate access to Route 50 and is positioned within reach of both I-66 and I-495, providing regional connectivity for employees and clients across Northern Virginia. Surrounding retail, dining, and service amenities reinforce the day-to-day operational appeal of the location for small business occupants.

Office condominiums at this scale and in this submarket attract a narrow but consistent buyer pool — particularly practitioners and small firms converting from leased space into ownership. The combination of submarket stability, infrastructure access, and the City of Fairfax's long-established commercial base makes this a low-variance acquisition for the right buyer.
Sale Notes
Two separately deeded office condominium units within Building B of Old Lee Plaza — 1,308 SF on the ground floor and 1,274 SF directly above — are being offered together at $625,000, delivering a combined 2,582 SF of CR-zoned professional office space in the heart of Fairfax City. Both units are vacant and available for immediate occupancy or lease-up, with no existing tenants to navigate and no transition period. Each unit carries its own tax parcel, its own condo documents, and can ultimately be held, leased, or sold independently.

For the owner-user, the case is direct: acquire both floors, consolidate into a unified office operation, and convert leasing costs into a fixed-basis asset that builds equity over time. The stacked configuration works well for a growing professional services firm that needs separation between functions — client-facing space on one floor, administrative or back-office on the other. CR zoning accommodates attorneys, CPAs, financial advisors, insurance professionals, property managers, healthcare practitioners, and a range of other professional users without special exception or additional approvals.

For the investor, both units arriving vacant is a clean starting point. Fairfax City's professional services market supports office rents in the $24 to $28 per SF range, with stabilized income across both units projected at $62,000 to $72,000 annually. Lease them individually to separate tenants, reducing concentration risk, or attract a single user across both floors. Either way, the two-parcel structure preserves future optionality — hold and collect income, or sell each unit independently into a submarket with consistent owner-user demand and CoStar-confirmed sale comps ranging from $206 to $247 per SF on comparable product.

Brick construction, central air, shared surface parking, and a professionally managed condo association with no known special assessments round out a low-maintenance acquisition. Combined condo dues of approximately $8,878 annually are the primary operating cost. At $242 per SF, this offering represents a disciplined entry into Fairfax City commercial ownership with immediate flexibility and multiple paths to value.
  • Unit 3823
  • 1,274 SF
  • Office
  • $434,114 CAD ($340.75 CAD/SF)
  • -
Sale Type Owner User
Description
3823 Plaza Drive is a 1,274 SF office condominium available for sale in the City of Fairfax, Virginia. Built in 1980, the property sits within an established office park setting and is suited for owner-users or small investors seeking a manageable, low-overhead commercial asset in one of Northern Virginia's most stable submarkets. The condominium format allows for individual ownership without the operational complexity of a standalone building.

At 1,274 SF, the suite offers a functional footprint appropriate for professional services, consulting, financial, or medical-adjacent office use. The property carries a parking ratio of 3.5 spaces per 1,000 SF, which meets standard requirements for single or multi-staff office occupancy. Specific interior configuration details are available upon request, and prospective buyers are encouraged to schedule a walkthrough to assess current condition and layout relative to their operational needs.

For an owner-user, this condominium presents a direct path to building equity through occupancy rather than continuing to pay rent in a market where professional office space commands consistent demand. The scale of the asset also fits smaller professional practices, satellite offices, or service-based businesses looking to establish a permanent presence in Fairfax City without the capital exposure of a larger acquisition.

The City of Fairfax benefits from proximity to George Mason University and established residential density, which together sustain steady demand for office and professional services space. The broader submarket is well-served by major regional thoroughfares, providing connectivity to employment centers throughout Northern Virginia and access to both Dulles International and Reagan National Airports. Retail amenities, dining, and services are well-represented in the immediate corridor, supporting day-to-day business operations.

At 1,274 SF, this asset occupies a size range that institutional capital typically bypasses, creating a cleaner acquisition path for individual practitioners, small businesses, or private investors seeking direct-use properties with minimal competition from larger buyers.
Unit Unit Size Condo Use Price NOI
Unit 3815 1,308 SF Office $427,223 CAD ($326.62 CAD/SF) -
Unit 3823 1,274 SF Office $434,114 CAD ($340.75 CAD/SF) -

Unit 3815

Unit Size
1,308 SF
Condo Use
Office
Price
$427,223 CAD ($326.62 CAD/SF)
NOI
-

Unit 3823

Unit Size
1,274 SF
Condo Use
Office
Price
$434,114 CAD ($340.75 CAD/SF)
NOI
-

Unit 3815

Unit Size 1,308 SF
Condo Use Office
Price $427,223 CAD ($326.62 CAD/SF)
NOI -
Sale Type Owner User
Description
3815 Plaza Drive is a 1,308 SF office condominium offered for sale in the established City of Fairfax submarket of Northern Virginia. Built in 1980, the property occupies a well-maintained office park setting and represents a practical acquisition for a small professional services firm, medical practitioner, or investor targeting single-tenant office condominiums in a stable, high-demand corridor.<br> <br> The unit carries a parking ratio of 3.5 spaces per 1,000 SF, consistent with professional office use and sufficient for client-facing operations. At 1,308 SF, the layout is well-suited for a compact team requiring dedicated private office space, a reception area, and supporting workstations. Additional physical details regarding recent improvements or interior configuration were not provided, but the building&#39;s long-standing presence in the submarket reflects durable construction and continued occupancy demand.<br> <br> For an owner-user, this unit offers a direct path out of a leasing position and into a fixed-cost asset with long-term equity upside. The scale of the space suits a solo practitioner, boutique advisory firm, or small professional services operation that does not require large footprint but values a professional address and dedicated parking. Investors may find appeal in the submarket&#39;s consistent demand from service-oriented tenants seeking proximity to government, legal, and university-adjacent activity.<br> <br> The City of Fairfax benefits from deep economic fundamentals anchored by George Mason University and the regional concentration of government contractors, legal professionals, and healthcare providers. The property sits with immediate access to Route 50 and is positioned within reach of both I-66 and I-495, providing regional connectivity for employees and clients across Northern Virginia. Surrounding retail, dining, and service amenities reinforce the day-to-day operational appeal of the location for small business occupants.<br> <br> Office condominiums at this scale and in this submarket attract a narrow but consistent buyer pool — particularly practitioners and small firms converting from leased space into ownership. The combination of submarket stability, infrastructure access, and the City of Fairfax&#39;s long-established commercial base makes this a low-variance acquisition for the right buyer.</li></ul>
Sale Notes
Two separately deeded office condominium units within Building B of Old Lee Plaza — 1,308 SF on the ground floor and 1,274 SF directly above — are being offered together at $625,000, delivering a combined 2,582 SF of CR-zoned professional office space in the heart of Fairfax City. Both units are vacant and available for immediate occupancy or lease-up, with no existing tenants to navigate and no transition period. Each unit carries its own tax parcel, its own condo documents, and can ultimately be held, leased, or sold independently.<br> <br> For the owner-user, the case is direct: acquire both floors, consolidate into a unified office operation, and convert leasing costs into a fixed-basis asset that builds equity over time. The stacked configuration works well for a growing professional services firm that needs separation between functions — client-facing space on one floor, administrative or back-office on the other. CR zoning accommodates attorneys, CPAs, financial advisors, insurance professionals, property managers, healthcare practitioners, and a range of other professional users without special exception or additional approvals.<br> <br> For the investor, both units arriving vacant is a clean starting point. Fairfax City&#39;s professional services market supports office rents in the $24 to $28 per SF range, with stabilized income across both units projected at $62,000 to $72,000 annually. Lease them individually to separate tenants, reducing concentration risk, or attract a single user across both floors. Either way, the two-parcel structure preserves future optionality — hold and collect income, or sell each unit independently into a submarket with consistent owner-user demand and CoStar-confirmed sale comps ranging from $206 to $247 per SF on comparable product.<br> <br> Brick construction, central air, shared surface parking, and a professionally managed condo association with no known special assessments round out a low-maintenance acquisition. Combined condo dues of approximately $8,878 annually are the primary operating cost. At $242 per SF, this offering represents a disciplined entry into Fairfax City commercial ownership with immediate flexibility and multiple paths to value.</li></ul>

Unit 3823

Unit Size 1,274 SF
Condo Use Office
Price $434,114 CAD ($340.75 CAD/SF)
NOI -
Sale Type Owner User
Description
3823 Plaza Drive is a 1,274 SF office condominium available for sale in the City of Fairfax, Virginia. Built in 1980, the property sits within an established office park setting and is suited for owner-users or small investors seeking a manageable, low-overhead commercial asset in one of Northern Virginia&#39;s most stable submarkets. The condominium format allows for individual ownership without the operational complexity of a standalone building.<br> <br> At 1,274 SF, the suite offers a functional footprint appropriate for professional services, consulting, financial, or medical-adjacent office use. The property carries a parking ratio of 3.5 spaces per 1,000 SF, which meets standard requirements for single or multi-staff office occupancy. Specific interior configuration details are available upon request, and prospective buyers are encouraged to schedule a walkthrough to assess current condition and layout relative to their operational needs.<br> <br> For an owner-user, this condominium presents a direct path to building equity through occupancy rather than continuing to pay rent in a market where professional office space commands consistent demand. The scale of the asset also fits smaller professional practices, satellite offices, or service-based businesses looking to establish a permanent presence in Fairfax City without the capital exposure of a larger acquisition.<br> <br> The City of Fairfax benefits from proximity to George Mason University and established residential density, which together sustain steady demand for office and professional services space. The broader submarket is well-served by major regional thoroughfares, providing connectivity to employment centers throughout Northern Virginia and access to both Dulles International and Reagan National Airports. Retail amenities, dining, and services are well-represented in the immediate corridor, supporting day-to-day business operations.<br> <br> At 1,274 SF, this asset occupies a size range that institutional capital typically bypasses, creating a cleaner acquisition path for individual practitioners, small businesses, or private investors seeking direct-use properties with minimal competition from larger buyers.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 38,775 SF
Property Type Office
Building Class B
Floors 3
Typical Floor Size 11,397 SF
Year Built 1982
Lot Size 0.29 AC
Parking Ratio 1.75/1,000 SF
Zoning COMMERCIAL - Zoned Commercial Retail, the property supports a wide range of professional service uses, including medical offices, therapy practices, consulting fir

Amenities

  • 24 Hour Access
  • Courtyard
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
  • Listing ID: 40620612

  • Date on Market: 2026-05-21

  • Last Updated:

  • Address: 3859-3871 Plaza Dr, Fairfax, VA 22030

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