Ground-Floor Office
New
For Sale
$265,000
4600 DUKE ST #328 328, Alexandria, VA 22304
Reception space, three private rooms, and a direct exterior entrance provide a functional layout for a professional practice.
Property Size1,140 SF
Price / SF$232.46
Days on Market2
Property Features for 4600 DUKE ST #328 328
General Information
Standard status
Active
Size
1,140 SF
Elevators
Yes
Zoning
RC
Property Condition
Severity
Repairs Needed
Evidence
ready for renovation
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Floor
Ground Floor
Office Units
1
Amenities
private exterior entrance
elevator access
bus stop
on-site parking
Building Details
Tenancy
Single
Listing Agency:
Century 21 Redwood Realty
(202) 506-3674
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Opal-realestate
Added: Oct 4
Last Checked: Oct 5 at 6:44PM
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.
This ground-level office condominium at 4600 Duke Street #328 contains approximately 1,140 square feet, arranged with a reception area and three private rooms. A dedicated exterior entrance opens from the parking area, and an elevator serves the rest of the building. The interior remains in original condition and is offered as-is, allowing the next owner to plan its renovation. The condominium association fee includes electricity, gas, water, sewer, trash, and parking; cable and internet are separate owner expenses.
More than 400 residences are located above the suite. Foxchase Shopping Center, a 24-hour Harris Teeter, ALDI, and CVS are within walking distance. A bus stop is at the property, Van Dorn Street Metro is less than a mile away, I-395 access is via Exit 3A, and Reagan National Airport is under 10 miles away. The building is zoned RC (Residential-Commercial); confirm any proposed use with the association and the City of Alexandria. The site has 300 on-site parking spaces and professional management.
More than 400 residences are located above the suite. Foxchase Shopping Center, a 24-hour Harris Teeter, ALDI, and CVS are within walking distance. A bus stop is at the property, Van Dorn Street Metro is less than a mile away, I-395 access is via Exit 3A, and Reagan National Airport is under 10 miles away. The building is zoned RC (Residential-Commercial); confirm any proposed use with the association and the City of Alexandria. The site has 300 on-site parking spaces and professional management.
Key Highlights
- Approximately 1,140 square feet with reception area and three private rooms
- Separate exterior entrance from the parking area; elevator access to the rest of the building
- Association fee includes electricity, gas, water, sewer, trash, and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,882
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,640
$357.6K
Cap Rate 7%
$255,457
$255.5K
Cap Rate 9%
$198,689
$198.7K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$31.9K $27.96/SF
− Vacancy
−$2.1K −$1.82/SF
EGI
$29.8K $26.14/SF
− OpEx
−$11.9K −$10.46/SF
NOI
$17.9K $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%
$357,640
Cap Rate 7%
$255,457
Cap Rate 9%
$198,689
Alternative Uses
Best Use
Healthcare Medical
$255.5K
$223.5K – $298.0K
NOI $17,882 @ 7.0% cap · market cap 6.75%
Second Best
Office B
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
964
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
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Frequently Asked Questions
What type of property is this?
Office units - Reception space, three private rooms, and a direct exterior entrance provide a functional layout for a professional practice.
Where is this office units located?
The property is located at 4600 DUKE ST #328 328 Alexandria, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 1,140 square feet with reception area and three private rooms; Separate exterior entrance from the parking area; elevator access to the rest of the building; Association fee includes electricity, gas, water, sewer, trash, and parking
