Office Condo Suite with Exterior
8407d-8407 Richmond Hwy Alexandria, VA 22309
8407d-8407 Richmond Hwy, Alexandria, VA, 22309
$340,000
For Sale
$340,000
Suite D is a 1985 office condo with a direct exterior entrance, windowed offices, and a conference room.
Property Size1,152 SF
Price / SF$295.14
Days on Market14
Property Features for 8407d-8407 Richmond Hwy
General Information
- Standard status
- Active
- Size
- 1,152 SF
Listing agency
CENTURY 21 New Millennium
(571) 223-9775
Listed by
Stephanie A Young · License #0225212438
(571) 223-9775
Source
Exprealty
Added: Jul 9 Updated: Jul 22 at 2:36AM Checked: Jul 22 at 2:36AM
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 built in 1985 and currently configured with a direct exterior entrance into a windowed office space. The suite includes a functional kitchen/break room with ceramic tile flooring, a conference room, a bathroom, a copy/filing cabinet area, and two private offices with rear-facing windows. An interior opening currently connects Suite D to the adjacent Suite E, creating an opportunity to combine both units into a larger contiguous suite, or to reinstate the connecting wall and operate Suite D as a self-contained unit.
The property is located in Potomac Square, an established commercial condominium office park along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria. The site is zoned C-5 (Neighborhood Retail Commercial District) and provides convenient access to 95, 495, and the Fairfax County Pkwy, with nearby access to Fort Belvoir and regional healthcare facilities. Surface parking is available in a lot with ample unassigned spaces.
Zoned for a wide range of neighborhood-serving by-right commercial uses, the suite may be suited for office, personal service, retail, financial, restaurant, medical, repair service, private club, and other comparable uses.
The property is located in Potomac Square, an established commercial condominium office park along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria. The site is zoned C-5 (Neighborhood Retail Commercial District) and provides convenient access to 95, 495, and the Fairfax County Pkwy, with nearby access to Fort Belvoir and regional healthcare facilities. Surface parking is available in a lot with ample unassigned spaces.
Zoned for a wide range of neighborhood-serving by-right commercial uses, the suite may be suited for office, personal service, retail, financial, restaurant, medical, repair service, private club, and other comparable uses.
Key Highlights
- Office condo Suite D in Potomac Square offers 1,152 SF currently used as office space
- Direct exterior entrance into a windowed office that could be converted into a welcome/reception area
- Suite D includes conference room, bathroom, kitchen/break room (ceramic tile), and two private offices with rear‑facing windows
Local 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
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Suite D is a 1985 office condo with a direct exterior entrance, windowed offices, and a conference room.
Where is this office units located?
The property is located at 8407d-8407 Richmond Hwy 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: Office condo Suite D in Potomac Square offers 1,152 SF currently used as office space; Direct exterior entrance into a windowed office that could be converted into a welcome/reception area; Suite D includes conference room, bathroom, kitchen/break room (ceramic tile), and two private offices with rear‑facing windows
