Built-Out Dental/Medical
50 S Pickett St Unit 118 Alexandria, VA 22304
New
50 S Pickett St Unit 118, Alexandria, VA, 22304
$249,000
For Sale
$249,000
Move-in-ready dental/medical suite with existing buildout for qualified practices.
Property Size616 SF
Price / SF$404.22
Days on Market2
Property Features for 50 S Pickett St Unit 118
General Information
- Standard status
- Active
- Size
- 616 SF
Building Details
- Year Built
- 1988
Listing agency
LPT Realty, LLC
(877) 366-2213
Listed by
KATIE WEDGE
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 4:03AM Checked: Jul 22 at 4:03AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale office space is already built out as a dental/medical office. The unit is positioned for medical use and is described as ready for the next dental professional, with equipment noted as sold separately.
The property is located in a center near the intersection with Duke Street, where the overall mix includes retail, medical, and general office uses.
The seller indicates possible seller financing limited to equipment only, and the listing also references suitability for dental specialties such as periodontics, endodontics, orthodontics, prosthodontics, and oral surgery.
The property is located in a center near the intersection with Duke Street, where the overall mix includes retail, medical, and general office uses.
The seller indicates possible seller financing limited to equipment only, and the listing also references suitability for dental specialties such as periodontics, endodontics, orthodontics, prosthodontics, and oral surgery.
Key Highlights
- Year built: 1988
- Move‑in‑ready dental/medical space with existing buildout for qualified practices
- Already set up as a dental/medical office for sale
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.2k | $27.96 |
| − Vacancy | −$1.1k | −$1.82 |
| EGI | $16.1k | $26.14 |
| − OpEx | −$6.4k | −$10.46 |
| NOI | $9.7k | $15.69 |
616 SF · lease $27.96/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$138.0K
$120.8K – $161.0K
NOI $9,662 @ 7.0% cap · market cap 3.88%
Second Best
Office B
$117.8K
$103.1K – $137.5K
NOI $8,248 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$342.1K
$299.4K – $399.2K
NOI $23,950 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
EthioFlowers
Big Box & Wholesale Store
Metropolitan Headache and Spine ...
Alternative Medicine Practice
Cafe Aurora
Restaurant
Jayne E. Delaney, ...
Dental Office
The Alvarez Law Firm
Law Firm
Similar For Sale Nearby
Similar Off Market Nearby
- Caring Hands Animal Hospital - Alexandria — 295 S Van Dorn St, Alexandria, VA 22304
- Veterinary Emergency Group — 4525 Duke St, Alexandria, VA 22304
- Dr. Tracy Pearce — 33 S Pickett St, Alexandria, VA 22304
- Elpaw Veterinary Clinic — 318 S Pickett St, Alexandria, VA 22304
FAQs
What type of property is this?
Medical Office Space - Move-in-ready dental/medical suite with existing buildout for qualified practices.
Where is this medical office space located?
The property is located at 50 S Pickett St Unit 118 Alexandria, VA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Year built: 1988; Move‑in‑ready dental/medical space with existing buildout for qualified practices; Already set up as a dental/medical office for sale
