Medical-Ready Office
1225 MARTHA CUSTIS DRIVE Alexandria, VA 22302
For Sale
$450,000
Fully built-out office condo with three private offices, a conference room, reception, and two restrooms.
Property Size1,666 SF
Price / SF$270.11
Days on Market343
Property Features for 1225 MARTHA CUSTIS DRIVE
General Information
- Standard status
- Active
- Size
- 1,666 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency:
Tartan Properties, Inc.
(703) 836-6555
Listed By:
Michael Porterfield · License #0225044112
(703) 836-6555
Source:
Xome
Added: Aug 17, 2025
Changed: Jul 25
Last Checked: Jul 25 at 3:08AM
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.
Investment Insights
Based on property information with market context.
Fully built-out office condo configured for professional and medical office use. The unit includes three private offices, a large conference room, reception area, copy room, and ample storage, along with two restrooms.
Zoned RB, the property is located in Alexandria with exceptional street visibility and convenient access to I-395. The site is described as being near Old Town, Reagan National Airport, and major commuter routes.
The current interior layout supports client-facing operations and team meetings with dedicated workrooms and a conference space, complemented by a reception area and additional back-office support space.
Zoned RB, the property is located in Alexandria with exceptional street visibility and convenient access to I-395. The site is described as being near Old Town, Reagan National Airport, and major commuter routes.
The current interior layout supports client-facing operations and team meetings with dedicated workrooms and a conference space, complemented by a reception area and additional back-office support space.
Key Highlights
- Fully built‑out office condo for medical, professional, or general office use
- Zoned RB and includes three private offices and a large conference room
- Reception area plus copy room and ample storage
Financial Insights For Healthcare Medical
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 | $46.6k | $27.96 |
| − Vacancy | −$3.0k | −$1.82 |
| EGI | $43.6k | $26.14 |
| − OpEx | −$17.4k | −$10.46 |
| NOI | $26.1k | $15.69 |
1,666 SF · lease $27.96/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$373.3K
$326.7K – $435.5K
NOI $26,132 @ 7.0% cap · market cap 5.81%
Second Best
Office B
$318.7K
$278.8K – $371.8K
NOI $22,307 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$925.3K
$809.7K – $1.08M
NOI $64,774 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wayne M. Reznick, ...
Physician
Steinmetz Medical Associates: ...
Physician
Dr. Alexandra S. ...
Alternative Medicine Practice
Lauren Smith-Papke, PHD
Physician
Parc East Condominiums
Condominium Complex
FAQs
What type of property is this?
Office units - Fully built-out office condo with three private offices, a conference room, reception, and two restrooms.
Where is this office units located?
The property is located at 1225 MARTHA CUSTIS DRIVE Alexandria, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully built‑out office condo for medical, professional, or general office use; Zoned RB and includes three private offices and a large conference room; Reception area plus copy room and ample storage
