Office Condo Suite with
8407-E RICHMOND Highway Alexandria, VA 22309
8407-E RICHMOND Highway, Alexandria, VA, 22309
$340,000
For Sale
$340,000
Commercial Sale - ALEXANDRIA, VA
Property Size1,152 SF
Price / SF$295.14
Days on Market16
Property Features for 8407-E 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 Updated: Jul 17 at 1:04PM Checked: Jul 23 at 9:06AM
MLS# VAFX2327092
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 E is an approximately 1,152-square-foot office condominium built in 1985 within Potomac Square. The interior includes a welcome/reception area, a break area with ceramic tile flooring, a bathroom, a copy machine area, and five total private offices, including one with a front-facing window and two larger rear-facing offices. An interior opening currently connects Suite E to the adjacent Suite D, creating an opportunity for a buyer to combine into a larger contiguous suite, or to reinstall the connecting wall and operate Suite E as a fully independent, self-contained unit.
The property is located along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria. The broader site is served by convenient access to I-95, I-495, and the Fairfax County Parkway, and is within reach of Fort Belvoir and major nearby employers, including Inova Mount Vernon Hospital and Fort Belvoir Community Hospital. Surface parking is available in a lot with ample unassigned spaces for staff and visitors.
Zoned C-5 (Neighborhood Retail Commercial District), the site supports a range of by-right commercial uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical and repair service establishments, private clubs, and other neighborhood-serving commercial uses. This versatility, combined with the suite’s established office configuration and parking, can be a practical fit for professional users seeking an office condo with an adaptable layout.
The property is located along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria. The broader site is served by convenient access to I-95, I-495, and the Fairfax County Parkway, and is within reach of Fort Belvoir and major nearby employers, including Inova Mount Vernon Hospital and Fort Belvoir Community Hospital. Surface parking is available in a lot with ample unassigned spaces for staff and visitors.
Zoned C-5 (Neighborhood Retail Commercial District), the site supports a range of by-right commercial uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical and repair service establishments, private clubs, and other neighborhood-serving commercial uses. This versatility, combined with the suite’s established office configuration and parking, can be a practical fit for professional users seeking an office condo with an adaptable layout.
Key Highlights
- Suite E offers 1,152 SF of office space within Potomac Square commercial condo office park.
- Built in 1985; zoned C‑5 (Neighborhood Retail Commercial District) with by‑right uses including professional offices and retail.
- Office layout includes a welcome/reception area, break area, bathroom, copy machine area, and five offices (one front‑facing).
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo suite in Potomac Square with a reception area, five offices, and flexible options to connect or operate independently.
Where is this office units located?
The property is located at 8407-E 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 E offers 1,152 SF of office space within Potomac Square commercial condo office park.; Built in 1985; zoned C‑5 (Neighborhood Retail Commercial District) with by‑right uses including professional offices and retail.; Office layout includes a welcome/reception area, break area, bathroom, copy machine area, and five offices (one front‑facing).
