Alexandria Office Condo For
For Sale
$225,000
1225 MARTHA CUSTIS DRIVE #1506, Alexandria, VA 22302
Built-out office condo in Alexandria, ideal for various uses.
Property Size596 SF
Days on Market418
Property Features for 1225 MARTHA CUSTIS DRIVE #1506
General Information
Standard status
Active
Size
596 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Amenities
Central A/C
Convector
Deck
Building Details
Building Size
596 SF
Year Built
1980
Listed By:
Sherry Welch · License #0225241746
(609) 306-9888
Source:
Kw
Added: Sep 2, 2025
Changed: Oct 21
Last Checked: Oct 23 at 4:18PM
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 Sherry Welch
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Investment Insights
Based on property information with market context.
Located in Alexandria, this office condo offers street visibility and accessibility to I-395. The property is zoned RB and is suitable for medical, professional, or general office use. The built-out space includes three private offices, a large conference room, a reception area, a copy room, ample storage, and two restrooms. The property is situated near Old Town, Reagan National Airport, and major commuter routes, providing access to dining, shops, and cultural attractions.
Key Highlights
- Excellent location in the heart of Alexandria with exceptional street visibility.
- Fully built‑out office condo suitable for medical, professional, or general office use.
- Easy access to I‑395, Reagan National Airport, Old Town, and major commuter routes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,349
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,980
$187.0K
Cap Rate 7%
$133,557
$133.6K
Cap Rate 9%
$103,878
$103.9K
Market Conditions
NOI Build-Up for 596 SF
Gross rent
$16.7K $27.96/SF
− Vacancy
−$1.1K −$1.82/SF
EGI
$15.6K $26.14/SF
− OpEx
−$6.2K −$10.46/SF
NOI
$9.3K $15.69/SF
Area
Alexandria, VA
Vacancy
6.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,980
Cap Rate 7%
$133,557
Cap Rate 9%
$103,878
Alternative Uses
Best Use
Healthcare Medical
$133.6K
$116.9K – $155.8K
NOI $9,349 @ 7.0% cap · market cap 4.16%
Second Best
Office B
$114.0K
$99.8K – $133.0K
NOI $7,980 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 22302, VA
17,972
Population
9,660
Households
1.9
Avg Household Size
38
Median Age
70%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
7,814
Density / Sq Mi
$127,037
Median Household Income
$83,782
Median Earnings
$2,039
Median Rent
$630,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Built-out office condo in Alexandria, ideal for various uses.
Where is this office unit located?
The property is located at 1225 MARTHA CUSTIS DRIVE #1506 Alexandria, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Excellent location in the heart of Alexandria with exceptional street visibility.; Fully built‑out office condo suitable for medical, professional, or general office use.; Easy access to I‑395, Reagan National Airport, Old Town, and major commuter routes.
