Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Richmond Highway Retail Opportunity Title is generated by Realmo AI

    8625 Richmond Hwy, Alexandria, VA 22309

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available for ground lease or build to suit.

    Type:Retail
    Property size:
    45,349 SF
    Added:
    Jul 27, 2023
    Days on Market:
    1042
    Last Refresh:
    May 12 at 9:18 pm

    Property Features for 8625 Richmond Hwy

    General Information

    Standard status
    Active
    Size
    45,349 SF
    Property subtype
    Retail

    Spaces For Lease

    at 8625 Richmond Hwy Contact us

    We can help!

    Listing Contact
    Dimitri Georgelakos

    Listing agent Dimitri Georgelakos License #VA

    Listing office NAI KLNB (Tysons, VA)

    Listing date Jul 27, 2023

    Source Crexi

    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 NAI KLNB (Tysons, VA)

    HighLights

    • Prime location on Richmond Highway, a high‑traffic area.
    • Direct access to Richmond Highway and a light‑controlled intersection.
    • Located near Fort Belvoir, potentially providing a customer base.
    • Across the street from Safeway/CVS anchored Engleside Plaza.
    • Zoned C‑8, suitable for a variety of commercial uses.
    • Available for ground lease or build to suit.

    Overview

    This retail space is available for lease on Richmond Highway, situated just north of Fort Belvoir and directly across from the Engleside Plaza, which is anchored by Safeway and CVS. The site offers direct access to Richmond Highway and benefits from its location at the light-controlled intersection of Lukens Lane and Richmond Highway. The property is zoned C-8 and comprises 45,349 square feet. It is available for ground lease or build-to-suit development.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1192322
    Latitude
    38.7229257

    Nearby Similar for Lease

    • $4,200/Mo
      1,800 SF

      ALEXANDRIA, VA Commercial Suite

      First floor commercial suite suitable for medical or office use.
      1300 LAFAYETTE Drive, ALEXANDRIA, VA 22308
      View Details
    • $1,600/Mo

      ALEXANDRIA Office Space For Lease

      Office space near I-395 and I-495 in Alexandria, VA.
      50 S PICKETT Street, ALEXANDRIA, VA 22304
      View Details
    • $3,500/Mo

      Furnished Alexandria Office Suite

      Move-in ready office suite in Old Town Alexandria.
      225 N WASHINGTON Street, ALEXANDRIA, VA 22314
      View Details
    • $3,200/Mo

      Retail Space in Old Town

      Prime commercial space in a high-traffic Alexandria location.
      623 S WASHINGTON Street, ALEXANDRIA, VA 22314
      View Details
    • $1,300/Mo

      Move-in Ready Alexandria Office Condo

      Updated office condo with easy access and included utilities.
      4810 BEAUREGARD Street, ALEXANDRIA, VA 22312
      View Details
    • $2,804/Mo

      ALEXANDRIA Retail/Salon Space For Lease

      Ground floor space suited for salon or retail in ALEXANDRIA.
      1900 ELKIN Street, ALEXANDRIA, VA 22308
      View Details
    • $1,500/Mo
      1,000 SF

      Furnished Office Suite in Alexandria

      Move-in ready office suite in Old Town Alexandria.
      225 N WASHINGTON St SUITE 3-A, Alexandria, VA 22314
      View Details
    • $1,500/Mo
      200 SF

      Professional Office Suite For Rent

      200 SF office suite in Old Town Alexandria.
      301 FRANKLIN St, Alexandria, VA 22314
      View Details
    • $29 SF/Yr

      ALEXANDRIA Commercial Space For Lease

      Versatile commercial space in a vibrant, pedestrian-friendly Alexandria neighborhood.
      214 W GLEBE Road, ALEXANDRIA, VA 22305
      View Details
    • $4,500/Mo
      1,467 SF

      Move-in Ready Office Condo

      Functional office condo in accessible Pinecrest Office Park.
      F-4604 Pinecrest Office Park Dr, Alexandria, VA
      View Details
    • $129-$14,319/Mo
      11-2,060 SF

      Spaces Duke Street

      2000 Duke St, Alexandria, VA 22314
      View Details
    • $129-$6,225/Mo
      11-1,292 SF

      Kingstowne Ridge

      5680 King Centre Dr, Unit 600, Alexandria, VA 22315
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for ground lease or build to suit.
    Where is this retail space located?
    The property is located at 8625 Richmond Hwy Alexandria, VA.
    What are key features of this property?
    This property features: Prime location on Richmond Highway, a high‑traffic area.; Direct access to Richmond Highway and a light‑controlled intersection.; Located near Fort Belvoir, potentially providing a customer base.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dimitri Georgelakos
    Real Estate License ID: VA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8625 Richmond Hwy, Alexandria, VA 22309
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!