Storefront Building with Upper-Level
New
For Sale
$995,000
1415 KING STREET, Alexandria, VA 22314
The leased property includes upper-floor commercial space and a basement with a full bathroom.
Property Size2,244 SF
Price / SF$443.40
Days on Market4
Property Features for 1415 KING STREET
General Information
Standard status
Active
Size
2,244 SF
Total Parking Spaces
4
Property subtype
Commercial
Site & Location
Neighborhood
Braddock Road Metro Station
Additional Details
Tenant in Place
Yes
Amenities
front porch
high ceilings
moldings
bathroom on each floor
basement with full bath
signage on King St
free trolley route
Building Details
Year Built
1920
Buildings
1
Listing Agency:
RE/MAX Executives
(703) 879-0505
Listed By:
Karrina Taylor Brown · License #BR98372024
(703) 646-1413
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 3:04PM
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 RE/MAX Executives
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Investment Insights
Based on property information with market context.
This 2,244-square-foot storefront building, constructed in 1920, has commercial space across its upper two levels, with high ceilings and decorative moldings. A bathroom serves each floor, and the basement has an additional full bath. The current interior arrangement includes eight salon stations, more than two wash stations, a private room, and space for nail chairs. The building is leased for 4.5 years; the business is not included in the sale.
The property fronts King Street and has a front porch and street-facing signage. Three to four cars can park behind the building, with street parking also available. King Street Metro is three blocks away, and the property is on the free trolley route. Restaurants and businesses are located on surrounding blocks, with access to I-95 nearby.
The property fronts King Street and has a front porch and street-facing signage. Three to four cars can park behind the building, with street parking also available. King Street Metro is three blocks away, and the property is on the free trolley route. Restaurants and businesses are located on surrounding blocks, with access to I-95 nearby.
Key Highlights
- 2,244‑square‑foot storefront building, built in 1920
- Leased for 4.5 years; business is not included in the sale
- Current salon layout includes 8 stations, 2+ wash stations, a private room, and space for nail chairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,066
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,320
$1.5M
Cap Rate 7%
$1,072,371
$1.1M
Cap Rate 9%
$834,067
$834.1K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$112.3K $50.04/SF
− Vacancy
−$5.1K −$2.25/SF
EGI
$107.2K $47.79/SF
− OpEx
−$32.2K −$14.34/SF
NOI
$75.1K $33.45/SF
Area
Alexandria, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,320
Cap Rate 7%
$1,072,371
Cap Rate 9%
$834,067
Alternative Uses
Best Use
Retail
$1.07M
$938.3K – $1.25M
NOI $75,066 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,247 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,969
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 30%
Apparel 21%
Shops & Services 19%
Dining 12%
Whole Foods Market
Groceries
39,852 visits/mo
0.3 miles
lululemon athletica
Apparel
9,474 visits/mo
0.4 miles
Embassy Suites by Hilton Alexandria Old Town
Hotels & Casinos
7,654 visits/mo
0.4 miles
Wells Fargo
Shops & Services
7,162 visits/mo
0.5 miles
Crate and Barrel
Home Improvements & Furnishings
6,966 visits/mo
0.3 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Enchanted Florist — 139 S Fairfax St, Alexandria, VA 22314
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- Shop Petals Edge — 1105 Oronoco St, Alexandria, VA 22314
- Florist — 624 n washington st, alexandria, va 22314
Frequently Asked Questions
What type of property is this?
Storefront property - The leased property includes upper-floor commercial space and a basement with a full bathroom.
Where is this storefront property located?
The property is located at 1415 KING STREET Alexandria, VA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,244‑square‑foot storefront building, built in 1920; Leased for 4.5 years; business is not included in the sale; Current salon layout includes 8 stations, 2+ wash stations, a private room, and space for nail chairs
