Alexandria Office Building For
109-111 S Pitt St Alexandria, VA
109-111 S Pitt St, Alexandria, VA, 00000
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For Sale
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Office building with multiple tenants and growth potential.
Property Size4,560 SF
Lot Size0.14 Acres
Price / SF$405.70
Days on Market318
Property Features for 109-111 S Pitt St
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Lot size
- 0.14 Acres
- Property subtype
- OFFICE
Listing Agency
Tartan Properties Commercial
(703) 836-6555
Listed by
Mike Porterfield
Source
Moodyscre
Added: Sep 3, 2025 Checked: Jul 17 at 4:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tartan Properties Commercial
Investment Insights
Based on property information with market context.
This office building offers 4,560 square feet of space and features multiple tenants. There is potential for rent growth and management efficiencies. New leasing could provide opportunities for operational expense sharing. All tenants are currently on month-to-month agreements, with one lease expiration.
Key Highlights
- Room for rent growth and management efficiencies
- Opportunity for op/ex sharing with new leasing
- Multiple tenants
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 | $95.2k | $20.88 |
| − Vacancy | −$13.8k | −$3.03 |
| EGI | $81.4k | $17.85 |
| − OpEx | −$20.4k | −$4.46 |
| NOI | $61.1k | $13.39 |
4,560 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$872.2K
$763.2K – $1.02M
NOI $61,055 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.53M
$2.22M – $2.95M
NOI $177,293 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building with multiple tenants and growth potential.
Where is this office building located?
The property is located at 109-111 S Pitt St Alexandria, VA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Room for rent growth and management efficiencies; Opportunity for op/ex sharing with new leasing; Multiple tenants
