Ground-Floor Office
For Sale
$265,000
4600 DUKE Street, Alexandria, VA 22304
Commercial Sale, ALEXANDRIA, VA
Property Size1,140 SF
Price / SF$232.46
Days on Market53
Property Features for 4600 DUKE Street
General Information
Property type
Other
Property subtype
Office
Parking
300
Parking features
Parking Lot
Subdivision
FORTY SIX HUNDRED
Elementary school
PATRICK HENRY
Middle school
FRANCIS C HAMMOND
High school
ALEXANDRIA CITY
Elementary school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Middle school district
ALEXANDRIA CITY PUBLIC SCHOOLS
High school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
2745
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1967
Number of units
1
Building materials
Brick Veneer
Listing Agency:
Century 21 Redwood Realty · Century 21 Real Estate
(202) 506-3674
Listed By:
WAI LUN L LEUNG · License #0225204506
(703) 858-5676
Added: Aug 19
Changed: Sep 23
Last Checked: Oct 10 at 5:06PM
MLS# VAAX2065368
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.
Investment Insights
Based on property information with market context.
This ground-floor office condominium at 4600 Duke Street #328 contains approximately 1,140 square feet, with a reception area and three private rooms. A separate exterior entrance opens from the parking lot, while elevator service provides access through the building. The suite retains its original interior and is being sold as-is, allowing the next owner to renovate and configure the space for its operations. Central heating and central air are in place, and the property was built in 1967 with brick veneer construction.
The RC Residential-Commercial zoning supports professional office and live/work configurations, subject to association and City of Alexandria approval. The association fee includes electricity, gas, water, sewer, trash, and parking; cable and internet remain separately paid by the owner. The building includes 300 on-site parking spaces and professional management. More than 400 residences are located above the suite, with Foxchase Shopping Center, Harris Teeter, ALDI, and CVS within walking distance. A bus stop is at the property, Van Dorn Street Metro is under a mile away, I-395 is accessible via Exit 3A, and Reagan National is under 10 miles.
The RC Residential-Commercial zoning supports professional office and live/work configurations, subject to association and City of Alexandria approval. The association fee includes electricity, gas, water, sewer, trash, and parking; cable and internet remain separately paid by the owner. The building includes 300 on-site parking spaces and professional management. More than 400 residences are located above the suite, with Foxchase Shopping Center, Harris Teeter, ALDI, and CVS within walking distance. A bus stop is at the property, Van Dorn Street Metro is under a mile away, I-395 is accessible via Exit 3A, and Reagan National is under 10 miles.
Key Highlights
- Approximately 1,140‑square‑foot ground‑floor commercial condominium
- Reception area plus three private rooms
- 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
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
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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 - Flexible commercial condominium with direct parking-lot entry, three private rooms, and association-managed core utilities.
Where is this office units located?
The property is located at 4600 DUKE Street 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: Approximately 1,140‑square‑foot ground‑floor commercial condominium; Reception area plus three private rooms; Private exterior entrance from the parking lot
