Main-Level Office
4600 DUKE Street, Alexandria, VA 22304
For Sale
$425,000
Commercial Sale, ALEXANDRIA, VA
Property Size2,898 SF
Price / SF$146.65
Days on Market232
Property Features for 4600 DUKE Street
General Information
Property type
Property subtype
Parking
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
24-hour front desk
secure entry
professional management
Building Details
Year built
Number of units
Building materials
Listing Agency:
Century 21 Redwood Realty · Century 21 Real Estate
(202) 506-3674
Listed By:
WAI LUN L LEUNG · License VA #0225204506
(571) 497-4607
Added: Mar 28
Changed: Nov 5
Last Checked: Nov 14 at 2:06AM
MLS# VAAX2055590
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Units 419 and 420 form a 2,898-square-foot commercial condominium on the building’s main entry level. The space is in shell condition and is offered as-is. RC zoning allows consideration of professional or medical offices, wellness or personal services, studio use, live/work, or restoration as two residential condominiums, subject to City of Alexandria permits and condominium association approval.
The property is at 4600 Duke Street in Alexandria, with ALDI next door and Foxchase Shopping Center across the street, including Harris Teeter and CVS. A DASH bus stop is at the building entrance, and I-395 is accessible nearby. Building features include on-site parking, a 24-hour front desk, secure entry, and professional management.
The property is at 4600 Duke Street in Alexandria, with ALDI next door and Foxchase Shopping Center across the street, including Harris Teeter and CVS. A DASH bus stop is at the building entrance, and I-395 is accessible nearby. Building features include on-site parking, a 24-hour front desk, secure entry, and professional management.
Key Highlights
- 2,898 SF combined across units 419 and 420
- Main‑entry‑level commercial condominium delivered in shell condition
- RC zoning; potential uses include office, medical, wellness, personal services, studio, or live/work, subject to 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
Office B
$554.3K
$485.0K – $646.7K
NOI $38,802 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
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
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,061
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
$496,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Alexandria, VA
Properties on Market for Office Units in Alexandria
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Combined shell space has potential for professional, medical, wellness, or personal-service use, subject to required approvals.
Where is this office unit located?
The property is located at 4600 DUKE Street 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: 2,898 SF combined across units 419 and 420; Main‑entry‑level commercial condominium delivered in shell condition; RC zoning; potential uses include office, medical, wellness, personal services, studio, or live/work, subject to approvals
