Connected Office Condominium
8407-D & E RICHMOND Highway, Alexandria, VA 22309
For Sale
$559,800
Commercial Sale, ALEXANDRIA, VA
Property Size2,304 SF
Price / SF$242.97
Days on Market129
Property Features for 8407-D & E RICHMOND Highway
General Information
Property type
Property subtype
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Listing Agency:
CENTURY 21 New Millennium · Century 21 Real Estate
(703) 556-4222
Listed By:
Stephanie A Young · License VA #0225212438
(571) 223-9775
Added: Jul 9
Changed: Nov 11
Last Checked: Nov 14 at 1:06AM
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 are adjacent office condominium units joined by an interior opening, with 2,304 square feet combined. Their layout includes a reception area, eight private offices, a conference room, a kitchen and break area, two bathrooms, and storage for copying and files. The units were built in 1985 and are currently used as office space. The connecting wall could be reinstated to separate the suites, each measuring 1,152 square feet.
The property is in Potomac Square along Richmond Highway (Route 1) in the Mount Vernon area of Alexandria. Access is available to I-95, I-495, and the Fairfax County Parkway. Nearby destinations named include Mount Vernon Plaza, the Beacon Center, Fort Belvoir, Inova Mount Vernon Hospital, and Huntington Metro Station.
The site is zoned C-5, a Neighborhood Retail Commercial District designation. The stated by-right uses include professional and business offices, personal services, retail, financial institutions, restaurants, medical services, repair services, and private clubs.
The property is in Potomac Square along Richmond Highway (Route 1) in the Mount Vernon area of Alexandria. Access is available to I-95, I-495, and the Fairfax County Parkway. Nearby destinations named include Mount Vernon Plaza, the Beacon Center, Fort Belvoir, Inova Mount Vernon Hospital, and Huntington Metro Station.
The site is zoned C-5, a Neighborhood Retail Commercial District designation. The stated by-right uses include professional and business offices, personal services, retail, financial institutions, restaurants, medical services, repair services, and private clubs.
Key Highlights
- Two connected office condominium units totaling 2,304 sq ft
- Eight private offices, a conference room, reception area, kitchen, two bathrooms, and storage
- Each suite measures 1,152 sq ft and can be operated separately by reinstating the connecting wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,849
Cap Rate
5.51%
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 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,580 @ 7.0% cap · market cap 16.00%
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
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
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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
$539,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Alexandria, VA
Properties on Market for Office Units in Alexandria
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - C-5 zoning permits a range of neighborhood-serving commercial uses, including offices, retail, restaurants, and medical services.
Where is this office unit 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 $559,800.
What are key features of this property?
This property features: Two connected office condominium units totaling 2,304 sq ft; Eight private offices, a conference room, reception area, kitchen, two bathrooms, and storage; Each suite measures 1,152 sq ft and can be operated separately by reinstating the connecting wall
