Main-Level Medical Office
4600 Duke Street #419 / 420, Alexandria, VA 22304
For Sale
New
$425,000
RC zoning supports professional or medical office use, subject to city permitting and condominium association approval.
Property Size2,898 SF
Price / SF$146.65
Days on Market3
Property Features for 4600 Duke Street #419 / 420
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Condition
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Asking Price
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
24-hour front desk
secure entry
professional management
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License VA #0225204506
(571) 497-4607
Source:
Johnstonrhodesrealestate
Added: Nov 11
Last Checked: Nov 13 at 9:23AM
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
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Investment Insights
Based on property information with market context.
Units 419 and 420 comprise a 2,898-square-foot commercial condominium on the building’s main entry level. The space is in shell condition and was built in 1967. RC zoning allows professional and medical office uses, among others, subject to City of Alexandria permitting and condominium association approval. The units may also be converted back into two residential condominiums, each with three bedrooms and two bathrooms, subject to those approvals.
The property is at 4600 Duke Street in Alexandria, with on-site parking, secure entry, professional management, and a 24-hour front desk. Several hundred residences are located above; ALDI is next door, and Foxchase Shopping Center, including Harris Teeter and CVS, is across Duke Street. A DASH bus stop is at the building entrance, with access to I-395 nearby.
The property is at 4600 Duke Street in Alexandria, with on-site parking, secure entry, professional management, and a 24-hour front desk. Several hundred residences are located above; ALDI is next door, and Foxchase Shopping Center, including Harris Teeter and CVS, is across Duke Street. A DASH bus stop is at the building entrance, with access to I-395 nearby.
Key Highlights
- Units 419 and 420 total 2,898 square feet
- Shell‑condition space on the building’s main entry level
- RC zoning; uses are subject to city and condominium association approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,802
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,040
$776.0K
Cap Rate 7%
$554,314
$554.3K
Cap Rate 9%
$431,133
$431.1K
Market Conditions
NOI Build-Up for 2,898 SF
Gross rent
$60.5K $20.88/SF
− Vacancy
−$8.8K −$3.03/SF
EGI
$51.7K $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%
$776,040
Cap Rate 7%
$554,314
Cap Rate 9%
$431,133
Alternative Uses
Best Use
Healthcare Medical
$649.4K
$568.2K – $757.6K
NOI $45,457 @ 7.0% cap · market cap 10.70%
Second Best
Office B
$554.3K
$485.0K – $646.7K
NOI $38,802 @ 7.0% cap · market cap 9.13%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,674 @ 7.0% cap · market cap 26.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Under-served
Demand for This Use
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
$496,000
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Fairfax County, VA
Properties on Market for Medical Office Space in Fairfax County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Elpaw Veterinary Clinic — 318 S Pickett St, Alexandria, VA 22304
- Dr. Tracy Pearce — 33 S Pickett St, Alexandria, VA 22304
- Veterinary Emergency Group — 4525 Duke St, Alexandria, VA 22304
- Vets Group — 5445 richenbacher ave, alexandria, va 22304
Frequently Asked Questions
What type of property is this?
Medical Office Space - RC zoning supports professional or medical office use, subject to city permitting and condominium association approval.
Where is this medical office space located?
The property is located at 4600 Duke Street #419 / 420 Alexandria, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Units 419 and 420 total 2,898 square feet; Shell‑condition space on the building’s main entry level; RC zoning; uses are subject to city and condominium association approvals
