Office Unit with Flexible
For Sale
$289,900
8407-E RICHMOND Highway, Alexandria, VA 22309
Commercial Sale, ALEXANDRIA, VA
Property Size1,152 SF
Price / SF$251.65
Days on Market103
Property Features for 8407-E RICHMOND Highway
General Information
Property type
Other
Property subtype
Office
Parking
16
Parking features
Assigned, Parking Lot
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# VAFX2327092
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 E is an office condominium within Potomac Square, a commercial office park on Richmond Highway in Alexandria’s Mount Vernon area. The 1,152-square-foot unit includes a reception area, five private offices, a break area with ceramic tile flooring, a bathroom, a copy area, and windowed offices at both the front and rear. It is currently occupied by a nonprofit organization and was built in 1985.
The property is zoned C-5, supporting professional and business offices along with retail, financial, restaurant, medical, personal service, repair, and other neighborhood-oriented commercial uses identified in the listing. An interior connection to Suite D creates the option to combine the units, while the wall can be restored for separate operation. Access is available to I-95, I-495, and the Fairfax County Parkway. Surface parking includes assigned spaces and additional unassigned parking.
The property is zoned C-5, supporting professional and business offices along with retail, financial, restaurant, medical, personal service, repair, and other neighborhood-oriented commercial uses identified in the listing. An interior connection to Suite D creates the option to combine the units, while the wall can be restored for separate operation. Access is available to I-95, I-495, and the Fairfax County Parkway. Surface parking includes assigned spaces and additional unassigned parking.
Key Highlights
- 1,152 SF office condominium at 8407‑E Richmond Highway, Alexandria, VA 22309
- Five private offices plus reception, break, bathroom, and copy areas
- C‑5 zoning supports office, retail, restaurant, medical, financial, and service uses
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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Property Analytics
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Current Use
Lease Details
1
Office units
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 - Office condominium with private offices, reception space, and C-5 zoning supporting multiple neighborhood commercial uses.
Where is this office units located?
The property is located at 8407-E 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 SF office condominium at 8407‑E Richmond Highway, Alexandria, VA 22309; Five private offices plus reception, break, bathroom, and copy areas; C‑5 zoning supports office, retail, restaurant, medical, financial, and service uses
