5248 DAWES AVENUE, Alexandria, VA 22311

Building Details

Year Built 1974 More

Listing Agency: Long & Foster Real Estate, Inc. Show Phone

Listed By: Kelly S. Sweitzer · License VA #0225099037 Show Phone

Source: Cummingsrealtors

Added: Sep 23 Changed: Nov 12 Last Checked: Nov 12 at 7:40AM

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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 Long & Foster Real Estate, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,000-square-foot medical office suite includes a lobby and reception area, a private office, several semi-private rooms, and a large open space. A kitchen area and half bath are also part of the layout. The property was built in 1974 and is available for immediate occupancy.

Parking is available in front of the unit. The surrounding area includes condominiums, residential neighborhoods, shopping, and other businesses, with access to major roadways and proximity to Bailey's Crossroads and Seven Corners.

Key Highlights

• 1,000‑square‑foot suite currently used as a medical office
• Lobby and reception area, private office, and several semi‑private rooms
• Large open area, plus a kitchen area and half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,389

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,780 $267.8K

Cap Rate 7%

$191,271 $191.3K

Cap Rate 9%

$148,767 $148.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,000 SF

Gross rent

$20.9K $20.88/SF

− Vacancy

−$3.0K −$3.03/SF

EGI

$17.9K $17.85/SF

− OpEx

−$4.5K −$4.46/SF

NOI

$13.4K $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%

$267,780

Cap Rate 7%

$191,271

Cap Rate 9%

$148,767

Alternative Uses

Best Use

Healthcare Medical

$224.1K

$196.1K – $261.4K (±1% cap)

NOI $15,686 @ 7.0% cap

Second Best

Office B

$191.3K

$167.4K – $223.2K (±1% cap)

NOI $13,389 @ 7.0% cap

Theoretical Best

Specialty Retail

$555.4K

$486.0K – $648.0K (±1% cap)

NOI $38,880 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dr. Guido Rojas, ... Physician Primary Care Medical ... Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply (Bike/Boat/Book/etc) Store Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,944

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 22311, VA

19,934

Population

9,129

Households

2.2

Avg Household Size

34

Median Age

47%

College-Educated

86%

High-School Grad

1.5 sq mi

ZIP Area

13,289

Density / Sq Mi

$84,759

Median Household Income

$51,504

Median Earnings

$1,909

Median Rent

$691,900

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Fairfax County, VA

$310 Jul

$276 Aug

$266 Sep

$271 Oct

Properties on Market for Medical Office Space in Fairfax County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The interior combines private and semi-private rooms with a flexible open work area.

Where is this medical office space located?

The property is located at 5248 DAWES AVENUE Alexandria, VA.

What are key features of this property?

This property features: 1,000‑square‑foot suite currently used as a medical office; Lobby and reception area, private office, and several semi‑private rooms; Large open area, plus a kitchen area and half bath