Versatile Commercial Space in
For Sale
$445,000
4600 DUKE St 419 / 420, Alexandria, VA 22304
Combined commercial space in a high-rise residential building.
Property Size3,000 SF
Price / SF$148.33
Days on Market130
Property Features for 4600 DUKE St 419 / 420
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
(571) 497-4607
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Elliman
Added: Mar 29
Changed: Jul 10
Last Checked: Aug 4 at 10:28AM
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 Century 21 Redwood Realty
Investment Insights
Based on property information with market context.
Located at 4600 Duke Street, Units #419 and #420 offer over 3,000 square feet of combined commercial space. The property is situated on the lobby level of a high-rise building with over 400 residential units. The space is positioned in a quieter corner of the building, offering a balance of privacy and foot traffic from residents and existing commercial tenants, including two hair salons and a State Farm office. The layout is versatile and can be reconfigured for various uses, such as professional offices, medical or wellness services, retail, café, daycare, coworking space, or boutique business concepts. The property is being sold as-is, presenting an opportunity for investors or owner-users to customize the space. 4600 Duke Street also features additional commercial spaces on upper levels, creating a live-work environment. The location offers visibility, accessibility, and a built-in customer base, suitable for entrepreneurs, service providers, and growing businesses. The bike score is 68, indicating it is bikeable. The walk score is 79, indicating it is very walkable. The transit score is 48, indicating there is some transit available.
Key Highlights
- Over 3,000 sq ft of commercial space in a high‑demand residential community.
- Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.
- Flexible space suitable for various uses: offices, retail, medical, daycare, etc.
Financial Insights For Office B
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 | $62.6k | $20.88 |
| − Vacancy | −$9.1k | −$3.03 |
| EGI | $53.6k | $17.85 |
| − OpEx | −$13.4k | −$4.46 |
| NOI | $40.2k | $13.39 |
3,000 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,355 @ 7.0% cap · market cap 22.55%
Second Best
Office B
$573.8K
$502.1K – $669.5K
NOI $40,168 @ 7.0% cap · market cap 9.03%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Combined commercial space in a high-rise residential building.
Where is this office units located?
The property is located at 4600 DUKE St 419 / 420 Alexandria, VA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Over 3,000 sq ft of commercial space in a high‑demand residential community.; Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.; Flexible space suitable for various uses: offices, retail, medical, daycare, etc.
