Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Giant Food Retail Asset Title is generated by Realmo AI

    621 E Glebe Rd, Alexandria, VA 22305

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single tenant Giant Food asset in Alexandria, Virginia.

    Type:Retail
    Property size:
    66,805 SF
    Added:
    Feb 23, 2026
    Days on Market:
    92
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 621 E Glebe Rd

    General Information

    Standard status
    Active
    Size
    66,805 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Chris Bosworth
    Chris Bosworth

    Listing agent Chris Bosworth License #GA 248342

    Listing office CBRE - Atlanta

    Listing date Feb 23, 2026

    Source Crexi

    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 CBRE - Atlanta

    HighLights

    • ±9.6‑year single tenant Giant Food net lease asset.
    • Located in the highly desirable Potomac Yard submarket of Alexandria, VA.
    • Positioned steps from the Potomac Yards Metro Station.
    • Benefits from nearby Amazon HQ2 and the Virginia Tech Innovation Campus.
    • Located within the Notch 8 mixed‑use development.
    • Part of a 66,805 SF ground floor retail condominium.

    Overview

    A single tenant Giant Food asset is available within a 66,805 square foot ground floor retail condominium. The property is located in the Notch 8 mixed-use development in the Potomac Yard submarket of Alexandria, Virginia. Situated near the Potomac Yards Metro Station, the property is positioned to benefit from nearby economic developments, including Amazon HQ2 and the Virginia Tech Innovation Campus. The remaining lease term is approximately 9.6 years.
    Location Intelligence

    Current Use by Public Records

    KeyMe Locksmiths Locksmith Coinstar Kiosk | Bitcoin ... Atm higi Medical Clinic Giant Food Grocery & Convenience Store PNC ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • MOM's Organic Market — 3831 Mt Vernon Ave, Alexandria, VA 22305
    • Target Grocery — 3101 Richmond Hwy, Alexandria, VA 22305
    • Food Star — 206 W Glebe Rd, Alexandria, VA 22305
    • Foodway — 206 W Glebe Rd, Alexandria, VA 22305

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0502404
    Latitude
    38.8323407

    Nearby Similar for Sale

    • $445,000
      3,000 SF

      Versatile Commercial Space in Alexandria

      Combined commercial space in a high-rise residential building.
      4600 DUKE Street, ALEXANDRIA, VA 22304
      View Details
    • $650,000

      ALEXANDRIA Commercial Opportunity For Sale

      Commercial property in Old Town Alexandria with high visibility.
      623 S WASHINGTON Street, ALEXANDRIA, VA 22314
      View Details
    • $250,000

      Move-in Ready Alexandria Office Condo

      Conveniently located office condo ideal for various professional businesses.
      50 S PICKETT Street, ALEXANDRIA, VA 22304
      View Details
    • $339,900

      Mixed-Use Commercial Space For Sale

      Versatile commercial space in a high-demand Alexandria corridor.
      4600 DUKE Street, ALEXANDRIA, VA 22304
      View Details
    • $249,900
      1,140 SF

      Versatile Mixed-Use Condo in Alexandria

      Mixed-use condo suitable for commercial or residential use.
      4600 DUKE Street, ALEXANDRIA, VA 22304
      View Details
    • $445,000
      3,000 SF

      Versatile Commercial Space in Alexandria

      Combined commercial space in a high-rise residential building.
      4600 DUKE St 419 / 420, Alexandria, VA 22304
      View Details
    • $699,000

      Historic Loft Apartment in Alexandria

      Modern loft in historic district, close to amenities.
      1210 QUEEN ST #1, ALEXANDRIA, VA 22314
      View Details
    • $300,000
      1,000 SF

      Leased Office Investment Opportunity

      Leased 1,000 SF office with steady income and escalations.
      6155 FULLER Ct 6, Alexandria, VA 22310
      View Details
    • $299,000

      Medical Office Near INOVA Hospital

      Move-in ready medical office space near future hospital campus.
      6300 STEVENSON Ave A, Alexandria, VA 22304
      View Details
    • $419,000
      2,200 SF

      Alexandria Office Condo For Sale

      Office condo with six private offices near Old Town Alexandria.
      801 N PITT STREET 117, ALEXANDRIA, VA 22314
      View Details
    • $2,125,000
      4,292 SF

      Two-Story Office Condo with Parking

      Street-front commercial condo in Old Town North, Alexandria, Virginia.
      509 & 511 Wythe St, ALEXANDRIA, VA 22314
      View Details
    • $1,200,000
      2,500 SF

      Prime Office Unit For Sale

      2,500 SF office unit with seller financing available.
      228 S WASHINGTON St 100, Alexandria, VA 22314
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Giant Food asset in Alexandria, Virginia.
    Where is this grocery and convenience store located?
    The property is located at 621 E Glebe Rd Alexandria, VA.
    What are key features of this property?
    This property features: ±9.6‑year single tenant Giant Food net lease asset.; Located in the highly desirable Potomac Yard submarket of Alexandria, VA.; Positioned steps from the Potomac Yards Metro Station.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Bosworth
    Chris Bosworth
    Real Estate License ID: GA 248342
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    621 E Glebe Rd, Alexandria, VA 22305
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!