Windowed Office Condo
For Sale
$289,900
8407-D RICHMOND Highway, Alexandria, VA 22309
Commercial Sale, ALEXANDRIA, VA
Property Size1,152 SF
Price / SF$251.65
Days on Market103
Property Features for 8407-D RICHMOND Highway
General Information
Property type
Other
Property subtype
Office
Parking
16
Parking features
Parking Lot, Assigned
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
3387
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 8
Changed: Sep 29
Last Checked: Oct 18 at 12:06AM
MLS# VAFX2327090
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.
Suite D is a 1,152-square-foot office condominium in Potomac Square, a commercial office park along Richmond Highway. The 1985-built unit includes a windowed room with a direct outside entrance, two private offices, a conference room, kitchen and break area, bathroom, and dedicated copy and filing space. Central Air and Heat Pump (Heating) serve the suite. An interior opening connects the unit with adjacent Suite E; the connection can support a combined configuration, or the wall can be restored for separate operation.
The property is zoned C-5 (Neighborhood Retail Commercial District), supporting professional and business offices, personal services, retail, financial, restaurant, medical, repair, private club, and other neighborhood-serving commercial uses. The address is along the Route 1 corridor in Alexandria’s Mount Vernon area, with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations identified for the property include Fort Belvoir, Inova Mount Vernon Hospital, Mount Vernon Plaza, the Beacon Center, Huntington Metro Station, Old Town Alexandria, and National Harbor.
The property is zoned C-5 (Neighborhood Retail Commercial District), supporting professional and business offices, personal services, retail, financial, restaurant, medical, repair, private club, and other neighborhood-serving commercial uses. The address is along the Route 1 corridor in Alexandria’s Mount Vernon area, with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations identified for the property include Fort Belvoir, Inova Mount Vernon Hospital, Mount Vernon Plaza, the Beacon Center, Huntington Metro Station, Old Town Alexandria, and National Harbor.
Key Highlights
- 1,152‑square‑foot office condominium suite in Potomac Square
- Two private offices, conference room, kitchen/break area, bathroom, and copy/filing area
- Direct exterior entry opens into a windowed office suitable for reception use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,424
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,480
$308.5K
Cap Rate 7%
$220,343
$220.3K
Cap Rate 9%
$171,378
$171.4K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$24.1K $20.88/SF
− Vacancy
−$3.5K −$3.03/SF
EGI
$20.6K $17.85/SF
− OpEx
−$5.1K −$4.46/SF
NOI
$15.4K $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%
$308,480
Cap Rate 7%
$220,343
Cap Rate 9%
$171,378
Alternative Uses
Best Use
Office B
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 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
Yes
Highway 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condominium suite with private offices, conference space, kitchen, and a direct exterior entrance.
Where is this office units located?
The property is located at 8407-D RICHMOND Highway Alexandria, VA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,152‑square‑foot office condominium suite in Potomac Square; Two private offices, conference room, kitchen/break area, bathroom, and copy/filing area; Direct exterior entry opens into a windowed office suitable for reception use
