Retail
For Sale
$650,000
623 S WASHINGTON STREET, Alexandria, VA 22314
Retail premises on S Washington Street are positioned near the waterfront and King Street corridor.
Property Size875 SF
Price / SF$742.86
Days on Market250
Property Features for 623 S WASHINGTON STREET
General Information
Standard status
Active
Size
875 SF
Property subtype
Office
Site & Location
Neighborhood
Southwest Quadrant
Taxes and HOA fees
Annual Taxes
$3,948
Building Details
Building Size
875 SF
Year Built
1979
Listing Agency:
Samson Properties
Listed By:
Lorraine Barnes · License #0225268370
(703) 209-2424
Source:
Canopy-re
Added: Feb 18
Changed: Oct 26
Last Checked: Oct 26 at 12:08PM
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 Samson Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 623 S Washington Street was built in 1979. Its setting places it near the waterfront, parks, and the King Street corridor, with Metro, major commuter routes, Reagan National Airport, and Washington, DC identified as accessible from the property.
Key Highlights
- 623 S Washington Street address in Alexandria, VA 22314
- Built in 1979
- Near the waterfront, parks, and the King Street corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,270
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,400
$585.4K
Cap Rate 7%
$418,143
$418.1K
Cap Rate 9%
$325,222
$325.2K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$43.8K $50.04/SF
− Vacancy
−$2.0K −$2.25/SF
EGI
$41.8K $47.79/SF
− OpEx
−$12.5K −$14.34/SF
NOI
$29.3K $33.45/SF
Area
Alexandria, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,400
Cap Rate 7%
$418,143
Cap Rate 9%
$325,222
Alternative Uses
Best Use
Retail
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 5.23%
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
Location Intelligence
Trade Area within ½ mile
4,557
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Apparel 23%
Dining 14%
Groceries 13%
Safeway
Groceries
13,499 visits/mo
0.2 miles
Exxon
Shops & Services
10,782 visits/mo
0.1 miles
7-Eleven
Shops & Services
9,515 visits/mo
0.1 miles
lululemon athletica
Apparel
9,474 visits/mo
0.4 miles
Speedway
Shops & Services
9,298 visits/mo
0.2 miles
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail premises on S Washington Street are positioned near the waterfront and King Street corridor.
Where is this retail space located?
The property is located at 623 S WASHINGTON STREET Alexandria, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 623 S Washington Street address in Alexandria, VA 22314; Built in 1979; Near the waterfront, parks, and the King Street corridor
