Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    908 King St Alexandria, VA 22314
    Back to Search
    Property profile & analytics

    908 King St, Alexandria, VA 22314

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Holmes Costin & Marcus, PLLC / Law Firm
    • Women In Government Relations (WGR) / Employment Agency / Advocacy Group
    • MRB Films / Advertising Agency / Marketing & Advertising
    • Spaeth Hill / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Common Ground Alliance / Charitable Organization / Social Service Agency

    Property Details for 908 King St

    Property type
    Office Spaces

    Description

    Located in the heart of Alexandria, Virginia, at 908 King Street, Firehouse Square offers exceptional executive office space for lease. This prestigious location provides immediate access to major transportation arteries, ensuring convenient commutes for employees and clients alike. The building offers multiple tenancy options, with three available spaces ranging from a minimum of 1,450 square feet to a maximum contiguous space of 3,506 square feet. A total of 6,892 square feet is currently vacant and ready for immediate occupancy. Ideal for businesses seeking a sophisticated and efficient workspace, Firehouse Square presents a unique opportunity to establish a prominent presence in Alexandria's vibrant business district. The property is categorized as an Executive Office, Office, and Spec Suite, offering flexibility to accommodate various business needs and sizes. The building's address is 908 King Street, Alexandria, Virginia, 22314, situated in Alexandria city county. This prime location offers unparalleled access to a wealth of amenities, including upscale dining, retail establishments, and cultural attractions. The property's convenient location and flexible space options make it an attractive choice for businesses of all sizes seeking a thriving and well-connected environment. Contact us today to schedule a viewing and explore the possibilities of establishing your business at Firehouse Square.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria city
    State
    Virginia
    Longitude
    -77.0496
    Latitude
    38.8052

    Comparable in this City

    • Value Estimation by Request
      1,953 SF

      1429 Duke St

      Office Spaces
      1429 Duke St, Alexandria, VA 22314
      View Details
    • Value Estimation
      $6,020,000
      32,038 SF

      100 Daingerfield Rd

      CONDOMINIUM OFFICES
      100 Daingerfield Rd, Alexandria, VA 22314-3391
      View Details
    • Value Estimation
      $715,000
      3,718 SF

      101 Peyton St, Unit 2A

      CONDOMINIUM OFFICES
      101 Peyton St, Alexandria, VA 22314
      View Details
    • Value Estimation by Request
      426 SF

      113 St

      CONDOMINIUM OFFICES
      113 St, Alexandria, VA 22314-2858
      View Details
    • Value Estimation
      $1,470,000
      6,587 SF

      113 Stb

      CONDOMINIUM OFFICES
      113 Stb, Alexandria, VA 22314-2858
      View Details
    • Value Estimation by Request
      569 SF

      801 Pitt St Ste, Unit 109

      CONDOMINIUM OFFICES
      801 Pitt St Ste, Alexandria, VA 22314-1782
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,500 SF

      Prime Old Town Alexandria Office Space

      2,500 SF Office, 5 Parking, High Visibility
      228 Washington St, Alexandria, VA 22314
      View Details
    • $1,200,000

      Prime Office Unit For Sale

      2,500 SF office unit with seller financing available.
      228 S Washington St, Alexandria, VA 22314
      View Details
    • $1,200,000

      Office Space For Sale

      Office property featuring 3,072 square feet of space.
      102 South Alfred St, Alexandria, VA 22314
      View Details
    • $2,950,000

      Historic Mixed-Use Building For Sale

      Historic building with retail, apartments, and parking near Market Square.
      113 N Fairfax St, Alexandria, VA 22314
      View Details
    • $419,000
      2,267 SF

      Office Unit in Alexandria

      Office unit for sale, conveniently located in Alexandria, Virginia.
      801 N Pitt St, Alexandria, VA 22314
      View Details
    • Contact for pricing

      Alexandria Office Condo For Sale

      Office condo with six private offices near Old Town Alexandria.
      801 N Pitt St, Alexandria, VA 22314
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      2121 Eisenhower Ave

      LRB Business Centers
      2121 Eisenhower Ave, Alexandria, VA 22314
      View Details
    • $38 SF/Yr

      Office Space Available For Lease

      Office space available on the 2nd and 3rd floors.
      115 S Union St, Alexandria, VA 22314
      View Details
    • Contact for pricing
      13,335 SF

      Office Building Near Metro Station

      Seven-story office building with 138,365 square feet near Metro.
      1330 Braddock Pl, Alexandria, VA 22314
      View Details
    • Contact for pricing
      3,490 SF

      Office Space in Alexandria, VA

      3,490 square foot office space available for rent.
      101 N Columbus St, Alexandria, VA 22314
      View Details
    • Contact for pricing
      14,625 SF

      Alexandria Office Space For Rent

      14,625 SF office space available in Alexandria, Virginia.
      500 Montgomery St, Alexandria, VA 22314
      View Details
    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.
    908 King St
    Alexandria, VA 22314
    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
    908 King St, Alexandria, VA, 22314
    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!