Office Unit with Center
For Sale
$329,900
4600 DUKE STREET Unit 431, Alexandria, VA 22304
Office unit at 4600 Duke St with access from Harris Teeter’s.
Property Size1,472 SF
Days on Market48
Property Features for 4600 DUKE STREET Unit 431
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$2,572
Building Details
Building Size
1,472 SF
Year Built
1967
Listing Agency:
Century 21 Redwood Realty
(571) 497-4607
Listed By:
WAI LUN L LEUNG · License #0225204506
(571) 497-4607
Source:
Dcmetrorealtyteam
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 26 at 1:22PM
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 for-sale office unit, Suite #431, is located at 4600 Duke St in Alexandria, VA 22304 (Alexandria City). The offering is part of a commercial building that includes office spaces.
Access directions are provided from I-395 via exit 3A, with the property reached by going to 4600 Duke St and approaching on the right through access from Harris Teeter’s.
The available space is listed for sale and is sized at 1,472 square feet, offering a defined office configuration for suitable tenant or buyer needs.
Access directions are provided from I-395 via exit 3A, with the property reached by going to 4600 Duke St and approaching on the right through access from Harris Teeter’s.
The available space is listed for sale and is sized at 1,472 square feet, offering a defined office configuration for suitable tenant or buyer needs.
Key Highlights
- Office unit at 4600 Duke St with access from Harris Teeter's
- Year built: 1967
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,180
$394.2K
Cap Rate 7%
$281,557
$281.6K
Cap Rate 9%
$218,989
$219.0K
Market Conditions
NOI Build-Up for 1,472 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.7K $20.88/SF
− Vacancy
−$4.5K −$3.03/SF
EGI
$26.3K $17.85/SF
− OpEx
−$6.6K −$4.46/SF
NOI
$19.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,180
Cap Rate 7%
$281,557
Cap Rate 9%
$218,989
Alternative Uses
Best Use
Office B
$281.6K
$246.4K – $328.5K
NOI $19,709 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$817.6K
$715.4K – $953.9K
NOI $57,231 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Office unit at 4600 Duke St with access from Harris Teeter’s.
Where is this office units located?
The property is located at 4600 DUKE STREET Unit 431 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Office unit at 4600 Duke St with access from Harris Teeter's; Year built: 1967; Central heating and central air conditioning
