Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2809 Mount Vernon Ave Alexandria, VA 22301

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail space with prominent exposure and ample parking.

    We can help!

    Listing Contact
    Billy Orlove
    Source: Tscg

    Listing Agent: Billy Orlove

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in DelRay Neighborhood

    This retail space is located in the DelRay neighborhood at the intersection of Commonwealth Avenue and Mount Vernon Avenue. The property benefits from a large surface parking lot and exterior signage opportunities. Co-tenants include Truist Bank. The retail space is currently 100% leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Suntrust Bank Atm Truist - ATM Atm Truist Bank USPS Collection Box Post Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0593159
    Latitude
    38.8306965

    Nearby Similar for Lease

    • $3,500 /Mo
      1,307 SF

      Furnished Office Suite in Alexandria

      Move-in ready office suite with elevator access in Old Town.
      225 N Washington St Unit, Alexandria, VA 22314
      View Details
    • $1,500 /Mo
      1,307 SF

      Furnished Office Suite in Alexandria

      Move-in ready office suite in Old Town Alexandria.
      225 N Washington St Unit, Alexandria, VA 22314
      View Details
    • $2,400 /Mo

      ALEXANDRIA Retail Space For Rent

      Prime commercial condo, currently a nail salon and massage therapy business.
      1701 Belle View Blvd, Alexandria, VA 22307
      View Details
    • $2,400 /Mo

      Ground-Level Office Space in Alexandria

      Bright, versatile office suite suitable for various professional uses.
      6275 Franconia Rd, Alexandria, VA 22310
      View Details
    • $3,285 /Mo
      48,787 SF

      Turnkey Salon or Retail Space

      Ground floor retail space suitable for salon or other retail.
      1900 Elkin St, Alexandria, VA 22308
      View Details
    • $700 /Mo

      Turnkey Office Space in Alexandria

      Private office in Alexandria with shared professional suite amenities.
      2121 Eisenhower Ave, Alexandria, VA 22314
      View Details
    • New
      $600 /Mo

      Shared Office Space Available

      Shared office space with utilities included in Alexandria, Virginia.
      801 N Pitt St, Alexandria, VA 22314
      View Details
    • $1,923 /Mo

      Office Space For Lease

      Office space available for lease in Alexandria, Virginia.
      5122 Leesburg Pike, Alexandria, VA 22302
      View Details
    • $3,000 /Mo
      925 SF

      Elegant Penthouse with Breathtaking Views

      Unique penthouse condo with wrap-around terrace and luxury amenities.
      3101 Hampton Dr, Alexandria, VA 22302
      View Details
    • $3,395 /Mo
      912 SF

      Luxury Condo Near Old Town

      New 1-bedroom condo with den in luxury community.
      635 Slaters Ln, Alexandria, VA 22314
      View Details
    • $2,150 /Mo
      750 SF

      Parkfairfax Updated Patio Apartment

      Updated Parkfairfax apartment with patio, available October 1st.
      1308 Martha Custis Dr, Alexandria, VA 22302
      View Details
    • $3,800 /Mo
      2,296 SF

      Spacious Townhouse with Modern Renovations

      Four-level townhouse with recent renovations, abundant natural light, and community amenities.
      107 Martin Ln, Alexandria, VA 22304
      View Details

    FAQs

    What type of property is this?
    Strip mall - Prime retail space with prominent exposure and ample parking.
    Where is this strip mall located?
    The property is located at 2809 Mount Vernon Ave Alexandria, VA.
    What are key features of this property?
    This property features: - 100% Leased Retail Space; - Prime Retail Space with prominent exposure in the DelRay neighborhood; - Large Surface Parking Lot
    (703) 893-0630
    Request Owner's contact information
    2809 Mount Vernon Ave Alexandria, VA 22301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2809 Mount Vernon Ave
    Alexandria, VA 22301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2809 Mount Vernon Ave Alexandria, VA 22301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Billy Orlove
    (703) 893-0630
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.