Connected Office Condominium
For Sale
$579,800
8407-D & E RICHMOND Highway, Alexandria, VA 22309
Commercial Sale, ALEXANDRIA, VA
Property Size2,304 SF
Price / SF$251.65
Days on Market102
Property Features for 8407-D & E RICHMOND Highway
General Information
Property type
Other
Property subtype
Office
Parking
16
Parking features
Assigned, Garage
Subdivision
POTOMAC SQUARE
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
6788
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1985
Listing Agency:
CENTURY 21 New Millennium · Century 21 Real Estate
(703) 556-4222
Listed By:
Stephanie A Young · License #0225212438
(571) 223-9775
Added: Jul 9
Changed: Sep 29
Last Checked: Oct 18 at 12:06AM
MLS# VAFX2327094
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Suites D and E comprise 2,304 square feet of connected office condominium space within Potomac Square. The combined layout includes a reception area, eight private offices, a conference room, kitchen and break area, two bathrooms, and multiple copy and filing spaces. Ceramic tile is installed in the kitchen and break area. The property was built in 1985 and is currently configured for nonprofit office use. An interior connection joins the suites; the units may also be separated into two 1,152-square-foot offices by restoring the dividing wall.
The property fronts the Richmond Highway, also identified as Route 1, in Alexandria's Mount Vernon area. Access is available to I-95, I-495, and the Fairfax County Parkway. Nearby context includes Fort Belvoir, Inova Mount Vernon Hospital, Fort Belvoir Community Hospital, Huntington Metro Station, Mount Vernon Plaza, the Beacon Center, and Old Town Alexandria. The C-5 Neighborhood Retail Commercial District designation supports a range of neighborhood-serving commercial uses, including offices, retail, financial services, restaurants, medical services, and personal services.
The property fronts the Richmond Highway, also identified as Route 1, in Alexandria's Mount Vernon area. Access is available to I-95, I-495, and the Fairfax County Parkway. Nearby context includes Fort Belvoir, Inova Mount Vernon Hospital, Fort Belvoir Community Hospital, Huntington Metro Station, Mount Vernon Plaza, the Beacon Center, and Old Town Alexandria. The C-5 Neighborhood Retail Commercial District designation supports a range of neighborhood-serving commercial uses, including offices, retail, financial services, restaurants, medical services, and personal services.
Key Highlights
- 2,304 SF of connected office condominium space in Suites D and E
- Eight private offices, reception area, conference room, kitchen/break area, two bathrooms, and storage areas
- Each suite contains 1,152 sq ft and can be separated into independent units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,849
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,980
$617.0K
Cap Rate 7%
$440,700
$440.7K
Cap Rate 9%
$342,767
$342.8K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$48.1K $20.88/SF
− Vacancy
−$7.0K −$3.03/SF
EGI
$41.1K $17.85/SF
− OpEx
−$10.3K −$4.46/SF
NOI
$30.8K $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%
$616,980
Cap Rate 7%
$440,700
Cap Rate 9%
$342,767
Alternative Uses
Best Use
Office B
$440.7K
$385.6K – $514.2K
NOI $30,849 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,580 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 22309, VA
33,773
Population
13,082
Households
2.6
Avg Household Size
38
Median Age
44%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
4,503
Density / Sq Mi
$101,556
Median Household Income
$47,738
Median Earnings
$1,749
Median Rent
$539,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two adjoining suites provide flexible professional workspace with a reception area, private offices, and conference facilities.
Where is this office units located?
The property is located at 8407-D & E RICHMOND Highway Alexandria, VA.
What is the asking price?
The asking price for this property is $579,800.
What are key features of this property?
This property features: 2,304 SF of connected office condominium space in Suites D and E; Eight private offices, reception area, conference room, kitchen/break area, two bathrooms, and storage areas; Each suite contains 1,152 sq ft and can be separated into independent units
