Office Condo with Private
New
For Sale
$289,900
8407 Richmond Highway #8407D, Alexandria, VA 22309
The self-contained suite has an exterior entrance, conference room, kitchen, and two private offices.
Property Size1,152 SF
Price / SF$251.65
Days on Market2
Property Features for 8407 Richmond Highway #8407D
General Information
Standard status
Active
Size
1,152 SF
Total Parking Spaces
16
Property subtype
Commercial
Zoning
C-5, Neighborhood Retail Commercial Dist
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,387
Building Details
Building Size
1,152 SF
Year Built
1985
Tenancy
Single
Listing Agency:
CENTURY 21 New Millennium
(703) 556-4222
Listed By:
Stephanie A Young · License #0225212438
(571) 223-9775
Source:
Gwenbrauer
Added: Oct 31
Last Checked: Oct 31 at 2:27PM
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
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Investment Insights
Based on property information with market context.
Suite D is a 1,152-square-foot office condominium built in 1985 and zoned C-5, Neighborhood Retail Commercial District. Its layout includes a windowed room at the exterior entrance, two private offices with rear-facing windows, a conference room, kitchen and break area, bathroom, and copy and filing space. An existing interior opening links the unit to Suite E; the wall can be restored if the suites are purchased separately.
The property is on Richmond Highway (Route 1) in Alexandria’s Mount Vernon area, with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations include Mount Vernon Plaza, Beacon Center, Fort Belvoir, and Inova Mount Vernon Hospital. The office condominium building has a surface lot with unassigned parking.
The property is on Richmond Highway (Route 1) in Alexandria’s Mount Vernon area, with access to I-95, I-495, and the Fairfax County Parkway. Nearby destinations include Mount Vernon Plaza, Beacon Center, Fort Belvoir, and Inova Mount Vernon Hospital. The office condominium building has a surface lot with unassigned parking.
Key Highlights
- 1,152‑square‑foot office condominium, built in 1985
- C‑5, Neighborhood Retail Commercial District zoning
- Direct exterior entrance, two private offices, conference room, kitchen, and bathroom
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The self-contained suite has an exterior entrance, conference room, kitchen, and two private offices.
Where is this office unit located?
The property is located at 8407 Richmond Highway #8407D 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, built in 1985; C‑5, Neighborhood Retail Commercial District zoning; Direct exterior entrance, two private offices, conference room, kitchen, and bathroom
