Office Condo with Exterior
8407-D RICHMOND Highway Alexandria, VA 22309
For Sale
$340,000
Commercial Sale - ALEXANDRIA, VA
Property Size1,152 SF
Price / SF$295.14
Days on Market16
Property Features for 8407-D RICHMOND Highway
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 16
- Parking features
- Assigned, Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 3387
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1985
Listing Agency:
CENTURY 21 New Millennium
(703) 556-4222
Listed By:
Stephanie A Young · License #0225212438
(571) 223-9775
Added: Jul 8
Changed: Jul 9
Last Checked: Jul 23 at 12:06PM
MLS# VAFX2327090
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.
Investment Insights
Based on property information with market context.
Suite D is a built-in-1985 commercial office condominium within Potomac Square, offering 1,152 sq ft of office space. The suite has a direct exterior entrance into a windowed office that can support a welcome or reception use. Inside, the space includes a functional kitchen/break room with ceramic tile flooring, a conference room, a bathroom, and a copy/filing cabinet area. Two private offices with rear-facing windows round out the layout.
The property is located along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria, Virginia, within an established commercial condominium office park. Convenient access is available to Interstates 95 and 495 and the Fairfax County Parkway. The surrounding area includes Fort Belvoir and nearby hospital options, plus retail and dining destinations such as Mount Vernon Plaza and the Beacon Center. Huntington Metro Station and Old Town Alexandria are also within reach.
Zoned C-5 (Neighborhood Retail Commercial District), the condo supports a broad range of by-right neighborhood-serving uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical services, repair services, and private clubs. The building provides a surface parking lot with ample unassigned spaces. An interior opening currently connects Suite D to adjacent Suite E, offering flexibility to combine into a larger contiguous suite or keep Suite D as a fully independent unit by reinstalling the connecting wall.
The property is located along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria, Virginia, within an established commercial condominium office park. Convenient access is available to Interstates 95 and 495 and the Fairfax County Parkway. The surrounding area includes Fort Belvoir and nearby hospital options, plus retail and dining destinations such as Mount Vernon Plaza and the Beacon Center. Huntington Metro Station and Old Town Alexandria are also within reach.
Zoned C-5 (Neighborhood Retail Commercial District), the condo supports a broad range of by-right neighborhood-serving uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical services, repair services, and private clubs. The building provides a surface parking lot with ample unassigned spaces. An interior opening currently connects Suite D to adjacent Suite E, offering flexibility to combine into a larger contiguous suite or keep Suite D as a fully independent unit by reinstalling the connecting wall.
Key Highlights
- Suite D in a commercial office condo offers 1,152 sq ft of office space currently used by a non‑profit organization
- Built in 1985; zoned C‑5 (Neighborhood Retail Commercial District) with by‑right uses including professional offices and retail sales
- Direct exterior entrance into a windowed office that could be converted into a reception/welcome area
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $20.88 |
| − Vacancy | −$3.5k | −$3.03 |
| EGI | $20.6k | $17.85 |
| − OpEx | −$5.1k | −$4.46 |
| NOI | $15.4k | $13.39 |
1,152 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Suite D office condo in Potomac Square with a direct exterior entrance, flexible layout, and surface parking.
Where is this office units located?
The property is located at 8407-D RICHMOND Highway Alexandria, VA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Suite D in a commercial office condo offers 1,152 sq ft of office space currently used by a non‑profit organization; Built in 1985; zoned C‑5 (Neighborhood Retail Commercial District) with by‑right uses including professional offices and retail sales; Direct exterior entrance into a windowed office that could be converted into a reception/welcome area
