Historic Office
For Sale
$1,850,000
109-111 South Fairfax Street, Alexandria, VA 22314
Multi-tenant office property with flexible month-to-month occupancy and CD Commercial Downtown zoning.
Property Size4,560 SF
Days on Market240
Property Features for 109-111 South Fairfax Street
General Information
Standard status
Active
Size
4,560 SF
Class
C
Property subtype
Multi Tenant Office
Building Details
Building Size
4,560 SF
Year Built
1770
Listing Agency:
Tartan Properties Commercial
Listed By:
Michael Porterfield · License #0225044112
(703) 836-6558
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 5
Last Checked: Oct 16 at 5:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,560 SF office building dates to 1770 and carries CD Commercial Downtown zoning. The property is configured for multiple tenants, with all current occupants on month-to-month arrangements. That lease structure provides flexibility for future ownership and leasing decisions, while the building’s historic character distinguishes it within the office market.
The property is located at 109-111 South Fairfax Street in Old Town Alexandria, within walking distance of the Torpedo Factory Art Center and the Potomac River. The surrounding area includes restaurants, boutiques, and cultural destinations that contribute to an established commercial setting.
Additional leasing considerations identified for the property include potential rent growth, management efficiencies, and operating-expense sharing through new leasing.
The property is located at 109-111 South Fairfax Street in Old Town Alexandria, within walking distance of the Torpedo Factory Art Center and the Potomac River. The surrounding area includes restaurants, boutiques, and cultural destinations that contribute to an established commercial setting.
Additional leasing considerations identified for the property include potential rent growth, management efficiencies, and operating-expense sharing through new leasing.
Key Highlights
- 4,560 SF office building constructed in 1770
- CD Commercial Downtown zoning
- Multiple tenants currently occupy the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,055
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,100
$1.2M
Cap Rate 7%
$872,214
$872.2K
Cap Rate 9%
$678,389
$678.4K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$95.2K $20.88/SF
− Vacancy
−$13.8K −$3.03/SF
EGI
$81.4K $17.85/SF
− OpEx
−$20.4K −$4.46/SF
NOI
$61.1K $13.39/SF
Area
Alexandria, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,100
Cap Rate 7%
$872,214
Cap Rate 9%
$678,389
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with flexible month-to-month occupancy and CD Commercial Downtown zoning.
Where is this office building located?
The property is located at 109-111 South Fairfax Street 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: 4,560 SF office building constructed in 1770; CD Commercial Downtown zoning; Multiple tenants currently occupy the property
