Versatile Commercial Space For
For Sale
$445,000
4600 Duke St #419 / 420, Alexandria, VA 22304
Prime commercial space in a high-demand residential community.
Property Size2,898 SF
Price / SF$153.55
Days on Market193
Property Features for 4600 Duke St #419 / 420
General Information
Standard status
Active
Size
2,898 SF
Total Parking Spaces
300
Zoning
RC
Taxes and HOA fees
Annual Taxes
$2,620
Amenities
Central Air
Central
Elevator
Water, City, Lake, Marina, Mountain(s), Pond, Street, Trees/Woods
Building Details
Building Size
2,898 SF
Year Built
1967
Stories
1
Listed By:
DANNY L LEUNG
(571) 497-4607
Source:
Evrealestate
Added: Mar 28
Changed: Oct 6
Last Checked: Oct 5 at 5:03PM
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 DANNY L LEUNG
Investment Insights
Based on property information with market context.
Located at 4600 Duke Street, Units #419 and #420 offer over 3,000 square feet of combined commercial space. The units are situated on the lobby level of a high-rise building that includes over 400 residential units. Positioned in a quieter corner of the building, the space provides a balance of privacy and foot traffic from residents and existing commercial tenants, including two hair salons and a State Farm office. The layout offers versatility and can be reconfigured to accommodate a range of uses, including professional offices, medical or wellness services, retail, café, daycare, coworking space, or boutique business concepts. The property is being sold as-is, presenting an opportunity for investors or owner-users to customize the space. 4600 Duke Street also features additional commercial spaces on upper levels. This location is suitable for entrepreneurs, service providers, and growing businesses seeking a presence in an urban setting.
Key Highlights
- Over 3,000 sq ft of commercial space in a high‑demand residential community.
- Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.
- Exceptional versatility to accommodate various business types (offices, retail, services, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,802
Cap Rate
8.72%
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
Office B
$554.3K
$485.0K – $646.7K
NOI $38,802 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,674 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Prime commercial space in a high-demand residential community.
Where is this office units located?
The property is located at 4600 Duke St #419 / 420 Alexandria, VA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Over 3,000 sq ft of commercial space in a high‑demand residential community.; Located on the lobby level of a high‑rise with over 400 residential units, providing built‑in foot traffic.; Exceptional versatility to accommodate various business types (offices, retail, services, etc.).
