1300 Lafayette DrAlexandria, VA 22308

Property Details for 1300 Lafayette Dr

Lot size

0.23 AC

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Office buildings

APN

102-2-02-01-0606

APU

102202010606

Description

This 5,382 square foot traditional office building at 1300 Lafayette Drive in Alexandria, Virginia, offers a fantastic leasing opportunity. Currently, 745 square feet are vacant, comprising a prime second-floor suite recently renovated. The suite boasts all-new flooring, a modern kitchenette (with countertop to be installed), a full bathroom with shower, fresh paint, and updated lighting. The space is thoughtfully built out with three spacious private offices, providing ample room for a variety of professional uses. Its corner location at Fort Hunt Road and Lafayette Drive ensures excellent visibility. The building, constructed in 1950, is zoned C-2 and situated in Fairfax County (zip code 22308). Ample parking is available for tenants and clients. Rent includes all utilities and common area maintenance

• CAP approach

  CAP return

  Valuation

  6%

  $2,608,078

  6.5%

  $2,407,456

  7%

  $2,235,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,685,465

  Geo Method

  $1,685,465

• Alternative Use

  Use

  Valuation

  Residential

  $2,985,246

  Hospitality

  $2,734,469

  Educational

  $2,275,046

  Medical

  $2,353,288

  Retail

  $3,538,961

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.7407

Longitude

-77.0553

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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