Industrial Flex End
For Sale
$860,000
Pending
46-5645 General Washington Dr, Alexandria, VA 22312
End-unit flex space with built-out office areas and a two-story warehouse, plus assigned parking in Alexandria.
Property Size2,900 SF
Days on Market167
Property Features for 46-5645 General Washington Dr
General Information
Standard status
Pending
Size
2,900 SF
Total Parking Spaces
2
Zoning
I-5
Additional Details
Highway Access
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$6,584
Building Details
Stories
2
Listing Agency:
Lando Massey Real Estate
(540) 368-1234
Listed By:
Tim Webb · License #0225205735
(540) 907-0014
Source:
Exprealty
Added: Apr 23
Changed: Sep 13
Last Checked: Oct 5 at 7:56PM
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 Lando Massey Real Estate
Investment Insights
Based on property information with market context.
This multi-use industrial/flex unit combines a professionally built-out office component with warehouse space designed for operational flexibility. The office area is finished with luxury vinyl plank, marble, and modern wood elements, and includes a reception area, three offices, a kitchenette, a conference room, and a lounge area. The warehouse portion is a two-story space with an additional mezzanine level, totaling 1,800 SF of warehouse with 400 SF of mezzanine space.
The unit is an end unit with two assigned parking spaces in front. The condo association also offers additional parking permits/tags for the parking lot. The property is positioned for quick access to I-95, I-395, and I-495 within a busy industrial and retail corridor, just off Edsall Rd in Alexandria.
Zoned I-5 (General Industrial), the space supports a wide range of permitted uses as allowed under the zoning classification. This configuration can work well for owner-users and tenants that need both functional warehouse space and an office finish for customer-facing or administrative activities.
The unit is an end unit with two assigned parking spaces in front. The condo association also offers additional parking permits/tags for the parking lot. The property is positioned for quick access to I-95, I-395, and I-495 within a busy industrial and retail corridor, just off Edsall Rd in Alexandria.
Zoned I-5 (General Industrial), the space supports a wide range of permitted uses as allowed under the zoning classification. This configuration can work well for owner-users and tenants that need both functional warehouse space and an office finish for customer-facing or administrative activities.
Key Highlights
- Approximately 2,900 SF total: 1,100 SF office space and a 1,800 SF two‑story warehouse with 400 SF mezzanine
- End‑unit build‑out includes reception area, three offices, kitchenette, conference room, and lounge area
- Zoned I‑5 (General Industrial) with a wide range of permitted uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,829
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,580
$776.6K
Cap Rate 7%
$554,700
$554.7K
Cap Rate 9%
$431,433
$431.4K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$60.6K $20.88/SF
− Vacancy
−$8.8K −$3.03/SF
EGI
$51.8K $17.85/SF
− OpEx
−$12.9K −$4.46/SF
NOI
$38.8K $13.39/SF
Area
Alexandria, VA
Vacancy
14.50%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,580
Cap Rate 7%
$554,700
Cap Rate 9%
$431,433
Alternative Uses
Best Use
Office B
$554.7K
$485.4K – $647.2K
NOI $38,829 @ 7.0% cap · market cap 4.52%
Second Best
Flex RnD
$531.6K
$465.1K – $620.2K
NOI $37,210 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,752 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 22312, VA
30,447
Population
11,191
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
5,970
Density / Sq Mi
$105,044
Median Household Income
$53,471
Median Earnings
$2,009
Median Rent
$593,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - End-unit flex space with built-out office areas and a two-story warehouse, plus assigned parking in Alexandria.
Where is this flex space located?
The property is located at 46-5645 General Washington Dr Alexandria, VA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Approximately 2,900 SF total: 1,100 SF office space and a 1,800 SF two‑story warehouse with 400 SF mezzanine; End‑unit build‑out includes reception area, three offices, kitchenette, conference room, and lounge area; Zoned I‑5 (General Industrial) with a wide range of permitted uses
