Turn-Key Office Condo
8403-K Richmond Hwy Alexandria, VA 22309
8403-K Richmond Hwy, Alexandria, VA, 22309
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For Sale
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Move-in ready office condo with five private offices, reception area, support rooms, and private restroom.
Property Size1,152 SF
Price / SF$260.33
Days on Market85
Property Features for 8403-K Richmond Hwy
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1985
Listing agency
Samson Properties
(571) 359-9047
Listed by
Ahmad Azzarkani · License #VA 0225251326
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 5:00PM Checked: Jul 20 at 5:00PM
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
Investment Insights
Based on property information with market context.
Unit K at Potomac Square Commercial Condo is a fully built-out, turn-key office suite designed for immediate occupancy. The space includes five private offices, a reception foyer that opens to a central hall, and dedicated support areas including a file room, storage room, utility room, and a private restroom.
The condo is located along the Richmond Highway corridor in Alexandria and is zoned C-5 Neighborhood Retail Commercial, a flexible designation intended to support a wide range of by-right uses.
The property has been well maintained, including a roof replacement completed two years ago and a parking lot resurfaced last fall. Shared on-site parking is available, and the condo fee is reported as stable at $292 per month with no increases in two years. Monthly utilities average approximately $74.65 for electric and $74.39 for water.
The condo is located along the Richmond Highway corridor in Alexandria and is zoned C-5 Neighborhood Retail Commercial, a flexible designation intended to support a wide range of by-right uses.
The property has been well maintained, including a roof replacement completed two years ago and a parking lot resurfaced last fall. Shared on-site parking is available, and the condo fee is reported as stable at $292 per month with no increases in two years. Monthly utilities average approximately $74.65 for electric and $74.39 for water.
Key Highlights
- Move‑in ready office condo (Unit K) with five private offices, reception foyer, central hall, and support spaces
- Includes a dedicated file room, storage room, utility room, and private restroom—ready for immediate occupancy
- Roof replaced two years ago; parking lot resurfaced last fall
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.1k | $20.88 |
| − Vacancy | −$3.5k | −$3.03 |
| EGI | $20.6k | $17.85 |
| − OpEx | −$5.1k | −$4.46 |
| NOI | $15.4k | $13.39 |
1,152 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Move-in ready office condo with five private offices, reception area, support rooms, and private restroom.
Where is this office units located?
The property is located at 8403-K Richmond Hwy Alexandria, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Move‑in ready office condo (Unit K) with five private offices, reception foyer, central hall, and support spaces; Includes a dedicated file room, storage room, utility room, and private restroom—ready for immediate occupancy; Roof replaced two years ago; parking lot resurfaced last fall
