Building Details

Building Size 2,716 SF

Year Built 1900

Listing Agency: Tartan Properties, Inc.

Listed By: Mike B Porterfield · License #0225044112 Show Phone

Source: Barnesrealestatecompany

Added: May 21 Changed: Oct 25 Last Checked: Oct 25 at 2:33AM

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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, Inc.

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Investment Insights

Based on property information with market context.

This offering consists of a storefront retail property presented for sale. The property totals 2,716 square feet, providing a compact footprint suitable for a variety of retail uses.

The property is located at 110 S Columbus Street in Alexandria, VA 22314. Specific details on layout, condition, frontage, and tenancy are not provided in the available information.

Key Highlights

• Storefront retail property for sale with 2,716 sq ft total size
• Central air cooling
• Heating system present (Heating: 3)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,855

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,817,100 $1.8M

Cap Rate 7%

$1,297,929 $1.3M

Cap Rate 9%

$1,009,500 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,716 SF

Gross rent

$135.9K $50.04/SF

− Vacancy

−$6.1K −$2.25/SF

EGI

$129.8K $47.79/SF

− OpEx

−$38.9K −$14.34/SF

NOI

$90.9K $33.45/SF

Area

Alexandria, VA

Vacancy

4.50%

Lease Rate

$50.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,817,100

Cap Rate 7%

$1,297,929

Cap Rate 9%

$1,009,500

Alternative Uses

Best Use

Retail

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,855 @ 7.0% cap · market cap 5.87%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,598 @ 7.0% cap · market cap 6.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Marketing for Change Co. Advertising Agency

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Tanning Salon Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,128

Businesses Nearby

142k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 33% Dining 30% Apparel 20% Groceries 9%

Chart House Dining

13,582 visits/mo 0.5 miles

Safeway Groceries

13,499 visits/mo 0.5 miles

Exxon Shops & Services

10,782 visits/mo 0.4 miles

Starbucks Dining

10,203 visits/mo 0.4 miles

lululemon athletica Apparel

9,474 visits/mo 0.1 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront retail property offered for sale with a total size of 2,716 square feet.

Where is this storefront property located?

The property is located at 110 S COLUMBUS STREET Alexandria, VA.

What is the asking price?

The asking price for this property is $1,548,000.

What are key features of this property?

This property features: Storefront retail property for sale with 2,716 sq ft total size; Central air cooling; Heating system present (Heating: 3)