Office Condo with Five Private
8407-E RICHMOND Highway, Alexandria, VA 22309
For Sale
$279,900
Commercial Sale, ALEXANDRIA, VA
Property Size1,152 SF
Price / SF$242.97
Days on Market130
Property Features for 8407-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
Tenant in Place
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 8
Changed: Nov 10
Last Checked: Nov 14 at 2:06AM
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 a 1,152-square-foot office condominium built in 1985 and currently occupied by a nonprofit organization. Its interior includes a reception area, five private offices, a break area, a restroom, and a dedicated copy area. One office has a front-facing window, while two offices have rear-facing windows. The suite is zoned C-5, identified as a Neighborhood Retail Commercial District.
An interior opening links Suite E with adjacent Suite D. The connection could support a combined layout; alternatively, the wall can be restored so Suite E functions independently. The property is along Richmond Highway (Route 1), with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations include Fort Belvoir, Inova Mount Vernon Hospital, Mount Vernon Plaza, and the Beacon Center, which includes Target and Home Depot.
An interior opening links Suite E with adjacent Suite D. The connection could support a combined layout; alternatively, the wall can be restored so Suite E functions independently. The property is along Richmond Highway (Route 1), with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations include Fort Belvoir, Inova Mount Vernon Hospital, Mount Vernon Plaza, and the Beacon Center, which includes Target and Home Depot.
Key Highlights
- 1,152 square feet of office condominium space
- Five private offices, plus reception, break area, restroom, and copy area
- C‑5 zoning: Neighborhood Retail Commercial District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,424
Cap Rate
5.51%
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 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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
$539,700
Median Home Value
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Market
Average Price Trend$/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 - Reception, a break area, and a restroom support the suite’s five-office layout.
Where is this office unit located?
The property is located at 8407-E RICHMOND Highway Alexandria, VA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1,152 square feet of office condominium space; Five private offices, plus reception, break area, restroom, and copy area; C‑5 zoning: Neighborhood Retail Commercial District
