Ground-Floor Office
For Sale
$265,000
4600 DUKE STREET #328, Alexandria, VA 22304
Three private rooms, reception space, and direct parking-lot access support a flexible professional setting.
Property Size1,140 SF
Price / SF$232.46
Days on Market53
Property Features for 4600 DUKE STREET #328
General Information
Standard status
Active
Size
1,140 SF
Elevators
Yes
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
currently dated and ready for renovation
Additional Details
Floor
Ground Floor
Building Details
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
(202) 506-3674
Listed By:
WAI LUN L LEUNG · License #675856
(571) 497-4607
Source:
Cummingsrealtors
Added: Aug 19
Changed: Oct 10
Last Checked: Oct 9 at 9:58PM
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 commercial condominium occupies the ground floor of a mixed-use building constructed in 1967. Its interior includes three private rooms and a reception area, while the existing condition is dated and suited to renovation. A separate exterior entry from the parking area provides direct access, and elevator service is available within the building.
The property is located at 4600 Duke Street in Alexandria, Virginia. The building includes more than 400 residential units, along with on-site parking. Potential applications identified for the suite include professional office, retail, salon, personal services, and daycare uses, subject to applicable zoning and condominium restrictions.
The property is located at 4600 Duke Street in Alexandria, Virginia. The building includes more than 400 residential units, along with on-site parking. Potential applications identified for the suite include professional office, retail, salon, personal services, and daycare uses, subject to applicable zoning and condominium restrictions.
Key Highlights
- Ground‑floor commercial condominium at 4600 Duke Street #328, Alexandria, VA 22304
- Three private rooms plus a reception area
- Private exterior entrance from the parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,264
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,280
$305.3K
Cap Rate 7%
$218,057
$218.1K
Cap Rate 9%
$169,600
$169.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$23.8K $20.88/SF
− Vacancy
−$3.5K −$3.03/SF
EGI
$20.4K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.3K $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%
$305,280
Cap Rate 7%
$218,057
Cap Rate 9%
$169,600
Alternative Uses
Best Use
Office B
$218.1K
$190.8K – $254.4K
NOI $15,264 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
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
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Current Use
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Three private rooms, reception space, and direct parking-lot access support a flexible professional setting.
Where is this office units located?
The property is located at 4600 DUKE STREET #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: Ground‑floor commercial condominium at 4600 Duke Street #328, Alexandria, VA 22304; Three private rooms plus a reception area; Private exterior entrance from the parking lot
