Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Old Town Title is generated by Realmo AI

    720 Jefferson Street, Alexandria, VA 22314

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

    Retail space available in historic Old Town Alexandria.

    Added:
    Nov 25, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 6 at 1:17 am

    Property Features for 720 Jefferson Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jane Le

    Listing agent Jane Le

    Listing office

    Listing date Nov 25, 2025

    Source Tscg

    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 Jane Le

    HighLights

    • 100% Leased Retail Space
    • Prime Location in Historic Old Town Alexandria
    • Free Retail Parking Garage with 110 spaces
    • Highly Affluent and Dense Population
    • Over 45,000 People Within 1.5‑Mile Radius

    Overview

    This retail space is situated in the heart of historic Old Town Alexandria. The retail space is 100% leased. Free retail parking is available in the garage, with 110 retail spaces. The location benefits from a highly affluent and dense population, with over 45,000 people residing within a 1.5-mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Abyssinia Mart and Coffee ... Cafe & Coffee Shop

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0495
    Latitude
    38.797

    Nearby Similar for Lease

    • $4,200/Mo

      ALEXANDRIA, VA Commercial Suite

      First floor commercial suite suitable for medical or office use.
      1300 LAFAYETTE Drive, ALEXANDRIA, VA 22308
      View Details
    • $2,804/Mo

      ALEXANDRIA Retail/Salon Space For Lease

      Ground floor space suited for salon or retail in ALEXANDRIA.
      1900 ELKIN Street, ALEXANDRIA, VA 22308
      View Details
    • $3,500/Mo

      Furnished Alexandria Office Suite

      Move-in ready office suite in Old Town Alexandria.
      225 N WASHINGTON Street, ALEXANDRIA, VA 22314
      View Details
    • $3,200/Mo

      Retail Space in Old Town

      Prime commercial space in a high-traffic Alexandria location.
      623 S WASHINGTON Street, ALEXANDRIA, VA 22314
      View Details
    • $1,300/Mo

      Move-in Ready Alexandria Office Condo

      Updated office condo with easy access and included utilities.
      4810 BEAUREGARD Street, ALEXANDRIA, VA 22312
      View Details
    • $1,500/Mo
      1,000 SF

      Furnished Office Suite in Alexandria

      Move-in ready office suite in Old Town Alexandria.
      225 N WASHINGTON St SUITE 3-A, Alexandria, VA 22314
      View Details
    • $1,500/Mo
      200 SF

      Professional Office Suite For Rent

      200 SF office suite in Old Town Alexandria.
      301 FRANKLIN St, Alexandria, VA 22314
      View Details
    • $29 SF/Yr

      ALEXANDRIA Commercial Space For Lease

      Versatile commercial space in a vibrant, pedestrian-friendly Alexandria neighborhood.
      214 W GLEBE Road, ALEXANDRIA, VA 22305
      View Details
    • $129-$14,319/Mo
      11-2,060 SF

      Spaces Duke Street

      2000 Duke St, Alexandria, VA 22314
      View Details
    • $129-$6,225/Mo
      11-1,292 SF

      Kingstowne Ridge

      5680 King Centre Dr, Unit 600, Alexandria, VA 22315
      View Details
    • Sponsored
      Contact for pricing

      VA, Alexandria - Richmond Hwy

      5904 Richmond Hwy, Unit 500, Alexandria, VA 22303
      View Details
    • $5 SF/Yr
      60,000-60,000 SF

      LRB Business Centers Office Suites

      Private office in shared suite with receptionist and high-speed internet.
      2121 Eisenhower Ave, Alexandria, VA 22314
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail space available in historic Old Town Alexandria.
    Where is this shopping mall located?
    The property is located at 720 Jefferson Street Alexandria, VA.
    What are key features of this property?
    This property features: 100% Leased Retail Space; Prime Location in Historic Old Town Alexandria; Free Retail Parking Garage with 110 spaces
    (703) 893-0634
    We can help!
    Listing Contact
    Jane Le
    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
    720 Jefferson Street, Alexandria, VA 22314
    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!