Office Condo Suite with
8407e-8407 Richmond Hwy Alexandria, VA 22309
8407e-8407 Richmond Hwy, Alexandria, VA, 22309
$340,000
For Sale
$340,000
Office suite with reception, five offices, and a bathroom in a condominium office park on the Richmond Highway corridor.
Property Size1,152 SF
Price / SF$295.14
Days on Market14
Property Features for 8407e-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 8:34AM Checked: Jul 22 at 8:34AM
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.
Commercial office condominium suite for sale in Potomac Square, a condominium office park along the Richmond Highway (Route 1) corridor in the Mount Vernon area of Alexandria. Suite E is approximately 1,152 square feet and is currently used as office space for a non-profit organization. The suite includes a welcome/reception area, three private offices (one with a front-facing window), a break area with ceramic tile flooring, a bathroom, a copy machine area, and two additional private offices with rear-facing windows, for five offices total.
The property was built in 1985 and is zoned C-5 (Neighborhood Retail Commercial District). The site supports a broad set of by-right neighborhood-serving commercial uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical and repair service establishments, private clubs, and other neighborhood-serving commercial uses. Convenient access is provided to 95, 495, and the Fairfax County Pkwy.
Suite E has an interior opening connecting it to the adjacent Suite D, which can allow the units to be purchased and combined into a larger contiguous suite. The connecting wall can also be reinstalled to operate Suite E as a fully independent, self-contained unit. The building includes a surface parking lot with ample unassigned parking spaces.
The property was built in 1985 and is zoned C-5 (Neighborhood Retail Commercial District). The site supports a broad set of by-right neighborhood-serving commercial uses, including professional and business offices, personal service establishments, retail sales, financial institutions, restaurants, medical and repair service establishments, private clubs, and other neighborhood-serving commercial uses. Convenient access is provided to 95, 495, and the Fairfax County Pkwy.
Suite E has an interior opening connecting it to the adjacent Suite D, which can allow the units to be purchased and combined into a larger contiguous suite. The connecting wall can also be reinstalled to operate Suite E as a fully independent, self-contained unit. The building includes a surface parking lot with ample unassigned parking spaces.
Key Highlights
- Suite E offers 1,152 sq ft of office space in a commercial condominium office park on Richmond Highway (Route 1) corridor in Mount Vernon, Alexandria.
- Includes a welcome/reception area, five offices total, break area with ceramic tile flooring, and a bathroom.
- Interior opening currently connects Suite E to adjacent Suite D, offering the option to combine for a larger contiguous suite.
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 - Office suite with reception, five offices, and a bathroom in a condominium office park on the Richmond Highway corridor.
Where is this office units located?
The property is located at 8407e-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: Suite E offers 1,152 sq ft of office space in a commercial condominium office park on Richmond Highway (Route 1) corridor in Mount Vernon, Alexandria.; Includes a welcome/reception area, five offices total, break area with ceramic tile flooring, and a bathroom.; Interior opening currently connects Suite E to adjacent Suite D, offering the option to combine for a larger contiguous suite.
