Office Condo Building with Four
For Sale
Contact for pricing
4232 King St, Alexandria, VA 22302
Large office condo across four levels with ample parking, sprinkler system, and multiple egress near I-395.
Property Size10,148 SF
Price / SF$224.67
Days on Market1381
Property Features for 4232 King St
General Information
Standard status
Active
Size
10,148 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Listing Agency:
Tartan Properties Commercial
(703) 836-6555
Listed By:
Fatimah McGarrell
(215) 715-1235
Source:
Moodyscre
Added: Oct 25, 2022
Changed: Jul 30
Last Checked: Jul 30 at 5:57AM
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 Commercial
Investment Insights
Based on property information with market context.
4232 King St, Alexandria, VA 22302 is an office condo for sale in Alexandria’s west end, offering 10,148 SF across four levels. The layout includes ample parking and is supported by a sprinkler system and multiple egresses. The space can be modernized for office use, with features that also align with school or daycare operating needs.
The property provides quick access onto I-395, supporting efficient commuting to the Marks Center, Amazon HQ2, the Pentagon, and Washington, D.C.
Whether you’re looking for a flexible office configuration or a space that benefits from life-safety infrastructure, the building’s four-level design, parking, and egress features are key considerations for prospective users.
The property provides quick access onto I-395, supporting efficient commuting to the Marks Center, Amazon HQ2, the Pentagon, and Washington, D.C.
Whether you’re looking for a flexible office configuration or a space that benefits from life-safety infrastructure, the building’s four-level design, parking, and egress features are key considerations for prospective users.
Key Highlights
- 10,148 SF office condo across four levels
- Ample parking for occupants and visitors
- Sprinkler system
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 | $211.9k | $20.88 |
| − Vacancy | −$30.7k | −$3.03 |
| EGI | $181.2k | $17.85 |
| − OpEx | −$45.3k | −$4.46 |
| NOI | $135.9k | $13.39 |
10,148 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.26M
NOI $135,875 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.64M
$4.93M – $6.58M
NOI $394,554 @ 7.0% cap · market cap 17.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
493
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
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 - Large office condo across four levels with ample parking, sprinkler system, and multiple egress near I-395.
Where is this office units located?
The property is located at 4232 King St Alexandria, VA.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: 10,148 SF office condo across four levels; Ample parking for occupants and visitors; Sprinkler system
