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Property profile & analytics
OFF-MARKET Estimated value $1,850,000
Office buildings

221 Alfred St Alexandria, VA 22314-3647

4,448 SF 0.07 ac lot Built 1900
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-3299026
Property summary
AI-generated overview

This exceptional Old Town Alexandria commercial property, located at 221 South Alfred Street, presents a unique investment opportunity. The 6,000-6,900 square foot building, constructed in 1940 and renovated in 1982, sits on a 0.07-acre lot (APN 11421500) and is zoned CL. Currently configured as a multi-tenant executive office space with 19 offices, two conference rooms, a reception area, and four bathrooms, it offers significant versatility. The property features on-site private parking, a significant advantage in this desirable location. Its prime location in Old Town Alexandria provides easy access to major highways, public transportation, and Washington, D.C. The asking price is $2,295,000 ($343.97/sq ft), and seller financing is available. This fee-simple ownership opportunity is ideal for a variety of businesses or potential conversion to residential units. The building is comprised of three structures. Lease commencement is February 5th, 2024. Don't miss this chance to own a piece of Old Town Alexandria's rich history and vibrant future.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 4,448 SF
Lot 0.07 ac (3,049 SF)
Zoning code CL - COMMERCIAL LOW ZONE
APN 11421500
UPID US87-3299026
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mitchell Law Group Corporate Office
  • Peduzzi Associates, Ltd. Business Management Consultant Business Development Service
  • Flagship Government Relations Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.85M
Owner & transaction history
221 S Alfred St LLC · 1 yrs held
221 S Alfred St LLC
since 2024
Last sale
$1.9M
7 recorded transactions
2026
Price N/A
2024
$1.9M
2016
Price N/A
2004
$1.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.6M +24.4%
Retail stores $2.3M +10.8%
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