Commercial Space in Mount
For Sale
$349,000
8407 Richmond Highway #b, Alexandria, VA 22309
Commercial space suitable for salon, office, or retail.
Property Size1,200 SF
Price / SF$290.83
Days on Market398
Property Features for 8407 Richmond Highway #b
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,394
Building Details
Year Built
1985
Listing Agency:
TOWNLEY AND SEAMAN REALTY LLC
(703) 799-3800
Listed By:
STEVEN M TOWNLEY
Source:
Corcoran
Added: Sep 24, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:20PM
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 TOWNLEY AND SEAMAN REALTY LLC
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Investment Insights
Based on property information with market context.
This commercial space, located in a desirable Mount Vernon location, presents a rare opportunity for purchase. The property is ideally suited for salon, office, or retail use. It features a conference/greeting room at the entrance, along with five separate offices. A kitchen is equipped with a sink, microwave, and refrigerator. Additionally, there is a full bathroom with a shower. The condo fee is $292.40 per month. An upcoming Route 1 redevelopment plan enhances the investment potential of this property. An adjacent office space is also available, offering the possibility of combining both buildings for a total of 2400 square feet at a combined price of $700,000. The single building with 1200 square feet is available for $3,600 per month, or both can be rented for $7200 per month.
Key Highlights
- Desirable Mount Vernon location with upcoming Route 1 redevelopment plan creating a great investment opportunity.
- Commercial space available for rent or purchase.
- Suitable for salon, office, or retail use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,067
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,340
$321.3K
Cap Rate 7%
$229,529
$229.5K
Cap Rate 9%
$178,522
$178.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.1K $20.88/SF
− Vacancy
−$3.6K −$3.03/SF
EGI
$21.4K $17.85/SF
− OpEx
−$5.4K −$4.46/SF
NOI
$16.1K $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%
$321,340
Cap Rate 7%
$229,529
Cap Rate 9%
$178,522
Alternative Uses
Best Use
Office B
$229.5K
$200.8K – $267.8K
NOI $16,067 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial space suitable for salon, office, or retail.
Where is this office unit located?
The property is located at 8407 Richmond Highway #b Alexandria, VA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Desirable Mount Vernon location with upcoming Route 1 redevelopment plan creating a great investment opportunity.; Commercial space available for rent or purchase.; Suitable for salon, office, or retail use.
