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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1429 Duke St Alexandria, VA 22314

    • Commercial real estate
    • 1,953 SF
    For Lease
    View listing
    $38 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0174492
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Oasis Dental Care VA / Emergency Dental Service
    • Shiloh of Alexandria Federal / Church

    Property Details for 1429 Duke St

    Year built
    1987
    Property size
    1,953 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,953 square foot commercial property at 1429 Duke Street in Alexandria, Virginia, presents a unique investment opportunity. Located in the desirable Old Town Alexandria, this single-tenant space offers high visibility and is ideally suited for executive offices, retail, or showroom use. The building, constructed in 1987, is zoned CD and boasts a versatile floor plan ready for immediate occupancy. The entire 1,953 square feet is currently vacant, providing flexibility for a new tenant to customize the space to their specific needs. Two parking spaces are included with the property, a valuable asset in this vibrant urban location. The property's address is 1429 Duke Street, Alexandria, VA 22314, within Alexandria city in Alexandria city county. Its prime location in Old Town Alexandria offers easy access to a thriving community and numerous amenities. This is a rare chance to secure a well-situated commercial property in a highly sought-after area, providing excellent potential for business growth and success. The property's geographic coordinates are latitude 38.8040599 and longitude -77.0559517.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria city
    State
    Virginia
    Longitude
    -77.0559517
    Latitude
    38.8040599

    Comparable in this City

    • Contact for pricing
      3,534 SF

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      Old Town Alexandria Retail/Office Space

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      Prime Alexandria Executive Office Space

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      115 Union St, Alexandria, VA 22314
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      Urban Townhouse Near King Street Metro

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      Prime Alexandria Executive Suites

      King Street Office Space Available
      908 King St, Alexandria, VA 22314
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    Similar Nearby for Sale

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      Alexandria Office Condo - Prime Location

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    Similar Nearby for Lease

    • Contact for pricing
      3,534 SF

      Class-A Office Space Available

      Class-A office space with on-site restaurants and structured parking.
      1725 Duke St, Alexandria, VA 22314
      View Details
    • $1,295 /Mo

      Old Town Alexandria Retail/Office Space

      First floor space with kitchenette, hardwood floors, great light.
      311 Washington St N, Alexandria, VA 22314
      View Details
    • $4,293 /Mo

      Old Town Alexandria Historic Building

      Historic building in Old Town Alexandria, ideal for office or retail.
      635 Fairfax St, Alexandria, VA 22314
      View Details
    • $39 SF/Yr
      3,721 SF

      Prime Alexandria Executive Office Space

      Modern Suites, Flexible Sizes, VA Location
      115 Union St, Alexandria, VA 22314
      View Details
    • $3,550 /Mo

      Urban Townhouse Near King Street Metro

      Free-standing brick townhouse with yard, near King Street Metro.
      123 S West St, Alexandria, VA 22314
      View Details
    • $36 SF/Yr
      8,622 SF

      Prime Alexandria Executive Suites

      King Street Office Space Available
      908 King St, Alexandria, VA 22314
      View Details
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    1429 Duke St
    Alexandria, VA 22314
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    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
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