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    Versatile Commercial Space in Alexandria Title is generated by Realmo AI

    4600 DUKE Street, Alexandria, VA 22304

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    For Sale
    $445,000

    Commercial Sale - ALEXANDRIA, VA

    Type:Office
    Property size:
    3,000 SF
    Price / SF:
    $148/SF
    Added:
    Mar 28, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 4600 DUKE Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    300
    Parking features
    Parking Lot, Special Needs
    Standard status
    Active
    Size
    3,000 SF

    Taxes and HOA fees

    Tax Annual Amount
    2620

    Utilities

    Heating system
    Central, Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Number of units
    2
    Building materials
    Brick Veneer

    We can help!

    Listing Contact
    WAI LUN L LEUNG

    Listing agent WAI LUN L LEUNG License #0225204506

    Listing office Century 21 Redwood Realty 1616 P Street, FREDERICKSBURG, VA

    Listing date Mar 28, 2026

    MLS# VAAX2055590

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 3,000 sq ft of flexible commercial space in a high‑demand residential community.
    • Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.
    • Versatile layout suitable for various uses: offices, retail, medical, daycare, etc.
    • Situated in a quieter corner, offering a balance of privacy and accessibility.
    • Strong visibility and convenient accessibility for customers.
    • Opportunity to customize the space to specific needs (sold as‑is).

    Overview

    Located at 4600 Duke Street in Alexandria, Virginia, units #419 and #420 offer a combined commercial space of over 3,000 square feet. Situated on the lobby level of a high-rise building with over 400 residential units, the space benefits from a quieter corner location, balancing privacy with foot traffic from residents and existing commercial tenants. The layout is versatile and can be reconfigured for various uses, including professional offices, medical or wellness services, retail, cafe, daycare, coworking space, or boutique business concepts. The property is being sold as-is, offering investors or owner-users the opportunity to customize the space. Additional commercial spaces on upper levels reinforce the building's appeal as a live-work environment. This location is suitable for entrepreneurs, service providers, and growing businesses seeking a presence in an urban setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    4600 Duke Street ... Condominium Complex 1 800 Bondsman Law Firm Alexandria Firefighters Inc Advocacy Group Bethesda Natural Pain ... Physician Queen braiding hair ... Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.11151
    Latitude
    38.81097

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    FAQs

    What type of property is this?
    Office units - Combined commercial space in a high-rise residential building.
    Where is this office units located?
    The property is located at 4600 DUKE Street Alexandria, VA.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Over 3,000 sq ft of flexible commercial space in a high‑demand residential community.; Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.; Versatile layout suitable for various uses: offices, retail, medical, daycare, etc.
    (571) 497-4607
    We can help!
    Listing Contact
    WAI LUN L LEUNG
    Real Estate License ID: 0225204506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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