Office Units with Shell
4600 DUKE STREET Unit 419 / 420, Alexandria, VA 22304
For Sale
$425,000
Lobby-level commercial space in RC zoning offers potential for office, residential, or live-work configuration.
Property Size2,898 SF
Price / SF$146.65
Days on Market232
Property Features for 4600 DUKE STREET Unit 419 / 420
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Furnished
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge desk
secure access systems
on-site fitness center
expansive outdoor pool
dedicated meeting rooms
professional on-site property management
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Redwood Realty
Listed By:
WAI LUN L LEUNG · License VA #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Mar 28
Changed: Nov 13
Last Checked: Nov 12 at 6:53PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units 419 and 420 form a 2,898-square-foot lobby-level space in shell condition at the Forty Six Hundred condominium development. The interior is offered as-is, providing a blank layout for a future buildout. RC zoning is identified for residential, professional office, and live-work configurations. The building was completed in 1967 and has a concierge, controlled access, fitness center, outdoor pool, meeting rooms, and on-site management. The condominium fee covers electricity, gas, central air conditioning, heating, water, and sewer.
A DASH bus stop is at the building entrance, with service to the Van Dorn Street and Eisenhower Avenue Metro stations. The property is near Aldi and across from Foxchase Shopping Center, which includes Harris Teeter, CVS, and other retail. Interstate 395 access is available via Exit 3A. Holmes Run Trail and Ewald Park are also nearby.
A DASH bus stop is at the building entrance, with service to the Van Dorn Street and Eisenhower Avenue Metro stations. The property is near Aldi and across from Foxchase Shopping Center, which includes Harris Teeter, CVS, and other retail. Interstate 395 access is available via Exit 3A. Holmes Run Trail and Ewald Park are also nearby.
Key Highlights
- Combined office units 419 and 420 comprise 2,898 square feet
- Lobby‑level shell space conveyed in as‑is structural condition
- RC zoning; potential configurations include residential, office, or live‑work use
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
Mixed Use
$721.9K
$631.7K – $842.2K
NOI $50,534 @ 7.0% cap · market cap 11.89%
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
Yes
Highway access
Yes
Utilities to site
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
$496,000
Median Home Value
Market
Average Price Trend$/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 - Lobby-level commercial space in RC zoning offers potential for office, residential, or live-work configuration.
Where is this office unit located?
The property is located at 4600 DUKE STREET Unit 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: Combined office units 419 and 420 comprise 2,898 square feet; Lobby‑level shell space conveyed in as‑is structural condition; RC zoning; potential configurations include residential, office, or live‑work use
