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    400 N Columbus St Alexandria, VA 22314

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    For Lease
    Contact for pricing

    Move-in ready office suite in a prime Old Town location.

    Property size:
    4,066 SF
    Lot size:
    0.33 Acres

    Property Features for 400 N Columbus St

    General Information

    Size
    4,066 SF
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Mike Porterfield
    Mike Porterfield
    Source: Moodyscre

    Listing Agency: Tartan Properties Commercial Listing Agent: Mike Porterfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Old Town Office Suite Available

    This professional office suite is available for rent in an association building overlooking the tree-lined Columbus and Princess Streets in Old Town. The suite is move-in ready and offers an affordable option in the neighborhood. The suite includes 12 offices/work rooms, a conference room, a full kitchen, 3 storage closets, and space for servers. The landlord will repaint and replace the carpets for a new tenant. Reserved parking is available for 10 cars within the building's covered, ground-level lot for $120 per car per month. A UPS Self-Service Box is located on site. Services such as a US Post Office, FedEx/Kinko's, library, banks, and gas stations are located within blocks. All of Old Town's shopping and dining options are nearby, including Sweetgreen, Le Pain Quotidien, Nando's Peri Peri, Asian Bistro, Chipotle, and Hen Quarter. The property is on Alexandria DASH bus lines to King St and Braddock Rd Metro stations, with quick access to Washington Street, Route 1, National Airport, and downtown Washington DC. Utilities, nightly cleaning, trash removal, and RE taxes are included in the monthly rent. The location is north of the King Street and Washington Street intersection, one block from Washington Street. The property size is 4066 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Democracy Federal Credit ... Credit Union Fab Gear Interactive (Bike/Boat/Book/etc) Store Roderick Day Consultant SAM Action Inc Association / Organization Unlocking Potential Charitable Organization

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.047453
    Latitude
    38.808889

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    FAQs

    What type of property is this?
    Office units - Move-in ready office suite in a prime Old Town location.
    Where is this office units located?
    The property is located at 400 N Columbus St Alexandria, VA.
    What are key features of this property?
    This property features: - Move-in ready office suite in desirable Old Town location overlooking Columbus and Princess Streets.; - Includes 12 offices/work rooms, conference room, full kitchen, and ample storage.; - Landlord will repaint and replace carpets for new tenant.
    (703) 836-6555 Call to check price and availability
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    400 N Columbus St Alexandria, VA 22314
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 N Columbus St Alexandria, VA 22314
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Porterfield
    Mike Porterfield
    (703) 836-6555
    Learn more
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