Adjacent Office Condo
8407 -d & E Richmond Hwy #8407d And 8407e Alexandria, VA 22309
8407 -d & E Richmond Hwy #8407d And 8407e, Alexandria, VA, 22309
$680,000
For Sale
$680,000
Two connected office condos in a commercial condominium office park, with reception, private offices, conference room, and parking.
Property Size2,304 SF
Price / SF$295.14
Days on Market14
Property Features for 8407 -d & E Richmond Hwy #8407d And 8407e
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
CENTURY 21 NEW MILLENNIUM
(703) 556-4222
Listed by
STEPHANIE A YOUNG · License #0225212438
Source
Corcoran
Added: Jul 9 Updated: Jul 22 at 4:44AM Checked: Jul 22 at 4:44AM
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 CENTURY 21 NEW MILLENNIUM
Investment Insights
Based on property information with market context.
Two adjacent, connected office condo suites are offered for sale in Potomac Square, a commercial condominium office park along Richmond Highway (Route 1) in the Mount Vernon area of Alexandria. Suites D and E are currently configured as one combined office space for a non-profit organization, with a welcome/reception area, eight private offices, a kitchen/break room with ceramic tile flooring, a conference room, and two bathrooms, plus multiple copy/filing storage areas.
The property was built in 1985 and is zoned C-5 (Neighborhood Retail Commercial District), supporting a broad set of by-right commercial uses. Access to regional thoroughfares including 95, 495, and the Fairfax County Pkwy is described as convenient. The location is also within reach of Fort Belvoir and nearby medical facilities, with retail and dining options in the surrounding area.
An interior opening currently connects Suites D and E, which can support an owner-operator arrangement as one larger contiguous suite. Alternatively, the connecting wall could be reinstalled to operate the suites independently, and the building includes a surface parking lot with unassigned spaces for staff and visitors.
The property was built in 1985 and is zoned C-5 (Neighborhood Retail Commercial District), supporting a broad set of by-right commercial uses. Access to regional thoroughfares including 95, 495, and the Fairfax County Pkwy is described as convenient. The location is also within reach of Fort Belvoir and nearby medical facilities, with retail and dining options in the surrounding area.
An interior opening currently connects Suites D and E, which can support an owner-operator arrangement as one larger contiguous suite. Alternatively, the connecting wall could be reinstalled to operate the suites independently, and the building includes a surface parking lot with unassigned spaces for staff and visitors.
Key Highlights
- Two adjacent, connected commercial office condos (Suites D and E) totaling 2,304 SF in Potomac Square
- Built in 1985 and zoned C‑5 (Neighborhood Retail Commercial District), allowing a wide range of by‑right commercial uses
- Suites D and E currently configured for office use with a welcome/reception area, 8 private offices, conference room, and kitchen/break room
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 | $48.1k | $20.88 |
| − Vacancy | −$7.0k | −$3.03 |
| EGI | $41.1k | $17.85 |
| − OpEx | −$10.3k | −$4.46 |
| NOI | $30.8k | $13.39 |
2,304 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$440.7K
$385.6K – $514.2K
NOI $30,849 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,580 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two connected office condos in a commercial condominium office park, with reception, private offices, conference room, and parking.
Where is this office units located?
The property is located at 8407 -d & E Richmond Hwy #8407d And 8407e Alexandria, VA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two adjacent, connected commercial office condos (Suites D and E) totaling 2,304 SF in Potomac Square; Built in 1985 and zoned C‑5 (Neighborhood Retail Commercial District), allowing a wide range of by‑right commercial uses; Suites D and E currently configured for office use with a welcome/reception area, 8 private offices, conference room, and kitchen/break room
