Office Condo with Exterior
8407 RICHMOND HIGHWAY Unit 8407D Alexandria, VA 22309
For Sale
$340,000
Office suite with direct exterior entrance, conference room, kitchen/break area, and two private offices, plus surface parking.
Property Size1,152 SF
Price / SF$295.14
Days on Market24
Property Features for 8407 RICHMOND HIGHWAY Unit 8407D
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency:
CENTURY 21 New Millennium
(571) 223-9775
Listed By:
Stephanie Young · License #0225212438
(571) 223-9775
Source:
Xome
Added: Jul 4
Changed: Jul 25
Last Checked: Jul 26 at 3:11AM
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.
Suite D is a commercial office condo within an office condominium park, built in 1985 and currently used as office space. The suite includes a direct exterior entrance into a windowed office that could serve as a welcome or reception area, along with a kitchen/break room with ceramic tile flooring, a conference room, a bathroom, a copy/filing cabinet area, and two generously sized private offices with rear-facing windows.
The property is located in Potomac Square along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria, with convenient access to 95, 495, and the Fairfax County Pkwy. The building provides a surface parking lot with ample unassigned parking spaces.
Suite D has an interior opening connecting it to the adjacent Suite E, which offers the option to purchase and combine both units into a larger contiguous suite. Alternatively, the connecting wall can be reinstalled to operate Suite D as a fully independent, self-contained unit.
The property is located in Potomac Square along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria, with convenient access to 95, 495, and the Fairfax County Pkwy. The building provides a surface parking lot with ample unassigned parking spaces.
Suite D has an interior opening connecting it to the adjacent Suite E, which offers the option to purchase and combine both units into a larger contiguous suite. Alternatively, the connecting wall can be reinstalled to operate Suite D as a fully independent, self-contained unit.
Key Highlights
- Suite D includes 1,152 SF of office space currently used for office use
- Direct exterior entrance into a windowed office that could be converted to a welcome/reception area
- Interior layout includes conference room, kitchen/break room, bathroom, and copy/filing cabinet area
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 | $24.1k | $20.88 |
| − Vacancy | −$3.5k | −$3.03 |
| EGI | $20.6k | $17.85 |
| − OpEx | −$5.1k | −$4.46 |
| NOI | $15.4k | $13.39 |
1,152 SF · lease $20.88/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$639.9K
$559.9K – $746.5K
NOI $44,790 @ 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
Dick's Trophies | Crystal ...
(Bike/Boat/Book/etc) Store
New Hope Housing ...
Charitable Organization
FlowScientific, LLC
Industrial Manufacturer
Townley and Seaman Realty
Real Estate Agency
FAQs
What type of property is this?
Office units - Office suite with direct exterior entrance, conference room, kitchen/break area, and two private offices, plus surface parking.
Where is this office units located?
The property is located at 8407 RICHMOND HIGHWAY Unit 8407D Alexandria, VA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Suite D includes 1,152 SF of office space currently used for office use; Direct exterior entrance into a windowed office that could be converted to a welcome/reception area; Interior layout includes conference room, kitchen/break room, bathroom, and copy/filing cabinet area
