Medical Office
For Sale
$1,535,200
411 N Washington St, Alexandria, VA 22314
The property is occupied by Vision Innovation Partners, a healthcare platform with a regional Mid-Atlantic presence.
Property Size4,600 SF
Price / SF$333.74
Days on Market8
Property Features for 411 N Washington St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Office Medical
Occupancy
100%
Amenities
PRICED BELOW ASSESSED VALUE Offered at a price below the property's $1,794,781 assessed value.
BELOW-MARKET RENTS In-place rents are below market, providing potential upside through future rent growth.
ESTABLISHED MEDICAL TENANT Vision Innovation Partners supports 69 locations throughout the Mid-Atlantic, providing an established regional healthcare platform.
AFFLUENT TRADE AREA 35.5% of households within a 1-mile radius earn $200,000+ annually, demonstrating strong household income and purchasing power.
Building Details
Building Size
4,600 SF
Year Built
1872
Tenancy
Single
Listed By:
Chris Biuso · License #License(s): FL: SL3424071
(407) 557-3841
Source:
Marcusmillichap
Added: Sep 28
Last Checked: Oct 4 at 6:19AM
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 Chris Biuso
Investment Insights
Based on property information with market context.
The medical office building contains 4,600 square feet and dates to 1872. Vision Innovation Partners occupies the property; the healthcare platform supports 69 locations throughout the Mid-Atlantic.
Key Highlights
- 4,600‑square‑foot medical office building
- Built in 1872
- Occupied by Vision Innovation Partners, a healthcare platform supporting 69 Mid‑Atlantic locations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,154
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,080
$1.4M
Cap Rate 7%
$1,030,771
$1.0M
Cap Rate 9%
$801,711
$801.7K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$128.6K $27.96/SF
− Vacancy
−$8.4K −$1.82/SF
EGI
$120.3K $26.14/SF
− OpEx
−$48.1K −$10.46/SF
NOI
$72.2K $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%
$1,443,080
Cap Rate 7%
$1,030,771
Cap Rate 9%
$801,711
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$901.9K – $1.20M
NOI $72,154 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$879.9K
$769.9K – $1.03M
NOI $61,591 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$2.55M
$2.24M – $2.98M
NOI $178,848 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,885
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is occupied by Vision Innovation Partners, a healthcare platform with a regional Mid-Atlantic presence.
Where is this medical office space located?
The property is located at 411 N Washington St Alexandria, VA.
What is the asking price?
The asking price for this property is $1,535,200.
What are key features of this property?
This property features: 4,600‑square‑foot medical office building; Built in 1872; Occupied by Vision Innovation Partners, a healthcare platform supporting 69 Mid‑Atlantic locations
