Office Condo Suite with Exterior
For Sale
$289,900
8407d-8407 Richmond Hwy, Alexandria, VA 22309
Suite D is a 1985 office condo with a direct exterior entrance, windowed offices, and a conference room.
Property Size1,152 SF
Price / SF$251.65
Days on Market106
Property Features for 8407d-8407 Richmond Hwy
General Information
Standard status
Active
Size
1,152 SF
Zoning
C-5
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,387
Building Details
Year Built
1985
Listing Agency:
CENTURY 21 New Millennium
(703) 556-4222
Listed By:
Stephanie A Young · License #0225212438
(571) 223-9775
Source:
Exprealty
Added: Jul 9
Changed: Oct 13
Last Checked: Oct 21 at 1:03AM
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 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
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
Yes
Highway access
Yes
Paved road 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 - Suite D is a 1985 office condo with a direct exterior entrance, windowed offices, and a conference room.
Where is this office unit located?
The property is located at 8407d-8407 Richmond Hwy 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: 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
