Built-Out Dental/Medical
For Sale
$249,000
50 S Pickett St Unit 118, Alexandria, VA 22304
Move-in-ready dental/medical suite with existing buildout for qualified practices.
Property Size616 SF
Price / SF$404.22
Days on Market94
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
Listed By:
KATIE WEDGE · License #0225190824
(571) 517-2012
Source:
Kandorre
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 20 at 10:23PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,662
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,240
$193.2K
Cap Rate 7%
$138,029
$138.0K
Cap Rate 9%
$107,356
$107.4K
Market Conditions
NOI Build-Up for 616 SF
Gross rent
$17.2K $27.96/SF
− Vacancy
−$1.1K −$1.82/SF
EGI
$16.1K $26.14/SF
− OpEx
−$6.4K −$10.46/SF
NOI
$9.7K $15.69/SF
Area
Alexandria, VA
Vacancy
6.50%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,240
Cap Rate 7%
$138,029
Cap Rate 9%
$107,356
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Under-served
Demand for This Use
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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
Similar Off Market Nearby
- Elpaw Veterinary Clinic — 318 S Pickett St, Alexandria, VA 22304
- Caring Hands Animal Hospital - Alexandria — 295 S Van Dorn St, Alexandria, VA 22304
- Dr. Tracy Pearce — 33 S Pickett St, Alexandria, VA 22304
- Veterinary Emergency Group — 4525 Duke St, Alexandria, VA 22304
Frequently Asked Questions
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
