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

    5680 King Centre Dr Alexandria, VA 22315

    • Office buildings
    • 113,063 SF
    • 4.91 lot acres
    For Lease
    View listing
    $90 SF/Yr
    Last Sale
    Jul 01, 2022
    $22,000,000
    Value Estimations
    $21,240,000
    Cap Rate Potential
    8%
    Office buildings
    Location Intelligence
    Property ID
    US87-2131807
    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

    • FemPsych | Dr. Abimbola Odukoya, D.O. / Psychiatrist
    • Yetter & Mays Attorneys at Law / Family Law Attorney / Attorney
    • LifePoint Financial Group / Financial Planner
    • Pure Barre / Gym / Fitness Center
    • Altimate Home Health Care Services / Home Health Care Service

    Property Details for 5680 King Centre Dr

    Lot size
    4.91 lot acres
    Property size
    113,063 SF
    Zone code
    COMM (W/ RES/APT ZONING)
    Property type
    Office buildings
    APN
    091-2-01-0026-F2
    APU
    0912010026F2

    Description

    This Class A, 13,044 square foot office building in Alexandria, Virginia, offers a diverse range of workspace solutions. Located at 5680 King Centre Dr. Suite 600, Fairfax County, zip code 22315, the property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators. Space is available in various configurations, from private, fully furnished offices for individuals to larger spaces accommodating entire companies. Options include serviced offices, custom office spaces, disaster recovery spaces, and day offices, catering to diverse business needs and offering flexible lease terms. Minimum leasable space starts at 10 square feet, with a maximum contiguous space of 1,300 square feet. Tenancy is multiple. The property's location in Kingstowne Ridge provides convenient access to amenities and transportation. Beyond the workspace itself, a benefits program includes exclusive discounts and bespoke procurement support. This is an exceptional opportunity for businesses seeking high-quality, adaptable office space in a prime Alexandria location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $20,160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $26,915,000
      6.5%
      $24,840,000
      7%
      $23,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,522,000
      Market price range: $24.9M - $57.1M
      AI Estimate
      $17,186,000
      Market price range: $12.5M - $34.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1329
    Latitude
    38.7718
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $266,516
    $2,456,090
    $18,308,730
    $20,764,820
    -
    $2,456,090
    $18,308,730
    $20,764,820

    Comparable in this City

    • Value Estimation
      $35,160,000
      158,280 SF

      5911 Kingstowne Vlg Pkwy

      OFFICE BUILDING • 158,280 SF
      5911 Kingstowne Vlg Pkwy, Alexandria, VA 22315-4644
      View Details
    • Value Estimation
      $3,855,000
      24,132 SF

      5901 Kingstowne Vlg Pkwy

      OFFICE BUILDING • 24,132 SF
      5901 Kingstowne Vlg Pkwy, Alexandria, VA 22315-5880
      View Details
    • Value Estimation
      $2,505,000
      9,169 SF

      6831 Sir Viceroy Dr

      PROFESSIONAL BUILDING • 9,169 SF
      6831 Sir Viceroy Dr, Alexandria, VA 22315-3717
      View Details
    • Value Estimation
      $1,070,000
      3,710 SF

      7880 Heneska Loop

      PROFESSIONAL BUILDING • 3,710 SF
      7880 Heneska Loop, Alexandria, VA 22315-3743
      View Details
    • Value Estimation
      $9,435,000
      52,028 SF

      5695 King Ctr Dr

      OFFICE BUILDING • 52,028 SF
      5695 King Ctr Dr, Alexandria, VA 22315-5744
      View Details
    • Value Estimation
      $1,305,000
      4,539 SF

      7915 Heneska Loop

      PROFESSIONAL BUILDING • 4,539 SF
      7915 Heneska Loop, Alexandria, VA 22315-3724
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      26,477 SF

      Kingstowne Village Parkway Office Space

      Office space with easy access to transportation and structured parking.
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      View Details
    • $90 SF/Yr
      13,044 SF

      Kingstowne Ridge Executive Suites

      Premium Alexandria Office Space: Flexible & Furnished
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      View Details
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      Office space with easy access to transportation and structured parking.
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      Retail Space in Hilltop Village

      Retail space available in a dynamic mixed-use center.
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      Commercial Land for Rent

      Up to 1 acre of commercial land available for rent.
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    Alexandria, VA 22315
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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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