Property profile

4232 King St Alexandria, VA 22302

OFF-MARKET
Office buildings
Property ID
US87-0137445
10,148 SF 0.06 ac lot Built 1983
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 10,148-square-foot executive office condo, located at 4232 King Street in Alexandria, Virginia, presents a compelling investment opportunity. Priced at $2,280,000 ($224.68/sq ft), this four-story building boasts seven units and offers significant potential for value enhancement. Built in 1983, the property features 18 parking spaces, a substantial advantage in this location. The interior includes 23 private offices, three bathrooms, a kitchenette, a server room, a conference room, and ample storage. A comprehensive sprinkler system and two staircases ensure safety and functionality. The full-height lower level, partially below grade, benefits from natural light and direct egress. Its end-unit position provides excellent visibility and signage opportunities on King Street. The property's OCM (100) zoning permits a variety of uses, including office, daycare, school, or medical office. Its prime location offers convenient access to I-395, providing a quick commute to major employment centers like Mark Center, Amazon HQ2, the Pentagon, and Washington, D.C. Proximity to two DASH bus lines, Bradlee Shopping Center, Skyline Plaza, Ronald Reagan Washington National Airport (15 minutes), Old Town Alexandria (15 minutes), and Washington, D.C. (20 minutes) further enhances its appeal. The 2,611 square foot lot and the existing office intensive buildout provide a solid foundation for immediate occupancy or strategic redevelopment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Total area 10,148 SF
Lot 0.06 ac (2,614 SF)
Zoning code OCM(100) - OFFICE COMMERC
APN 50364310
UPID US87-0137445

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • Engineering Consultant

Location

4232 King St Alexandria, VA 22302-1507
Alexandria metro Census 200110 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.23M
Comparable Approach Comparable
$2.46M
Blend (final) Blend
$2.27M

Owner & transaction history

Zoning & alternative use

OCM(100) - OFFICE COMMERC · Alexandria, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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