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    5845 Richmond Hwy Alexandria, VA 22303
    Property profile & analytics

    5845 Richmond Hwy, Alexandria, VA 22303

    View on Map
    • Office buildings
    • 98,191 SF
    • 3.64 lot acres
    For Lease
    $13,765,000
    View Listing →
    Alexandria Office Space For Rent For Lease
    $13,765,000
    3,479 SF

    Alexandria Office Space For Rent

    Office space with easy access to transportation and amenities.

    5845 Richmond Hwy, Alexandria, VA
    View Listing
    Property ID
    US87-0136992
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cottrell Fletcher & Cottrell PC / Law Firm
    • BAI Inc. / Business Management Consultant
    • Route 1 Legal / Law Firm
    • Capital Caring Health - Alexandria / Nursing Home
    • Monica J. Clothiaux, MSPT / Physician

    Property Details for 5845 Richmond Hwy

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    3.64 lot acres
    Zone code
    C-8(HIGHWAY COMMERCIAL)
    Property type
    Office buildings
    APN
    083-4-01-0011
    APU
    834010011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 29, 2022 — Huntwood LLC — Deed · related $12.1M · Five Star Bank
    Nov 3, 2009 — Huntwood LLC — Deed Of Trust · related $12.2M · Virginia Commerce Bank
    — — Huntwood LLC — Deed Of Trust · related $12.2M · Guardian Life Insurance Co

    Description

    Huntwood Plaza offers exceptional retail opportunities in Fairfax County. This development presents multiple tenancy options within a brand-new construction, boasting flexible space ranging from 2,000 to 6,000 square feet. Ideal for a variety of restaurant or retail concepts, each space provides the potential for an outdoor patio, capitalizing on the high traffic volume of the surrounding corridor. The property is classified as a standalone building, offering excellent visibility and accessibility for customers. The flexible space allows for customization to suit individual business needs. This is a prime location for businesses seeking high foot traffic and strong visibility in a thriving Fairfax County market. The multiple tenancy aspect allows for a diverse range of businesses to coexist, creating a synergistic environment. The new construction ensures modern amenities and efficient layouts, minimizing upfront capital expenditures. This is a unique opportunity to establish a presence in a vibrant and growing commercial area. Contact us today to learn more about leasing options and availability. Don't miss this chance to secure your ideal retail space in Huntwood Plaza.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $10,812,000
      Market price range: $10.8M - $29.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0588
    Latitude
    38.7906
    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
    $132,969
    $3,333,830
    $7,026,020
    $10,359,850
    -
    $3,333,830
    $7,026,020
    $10,359,850

    Comparable in this City

    • Value Estimation
      $870,000
      2,880 SF

      5922 Richmond Hwy

      OFFICE BUILDING
      5922 Richmond Hwy, Alexandria, VA 22303-1856
      View Details
    • Value Estimation
      $1,515,000
      9,999 SF

      6020 Richmond Hwy

      OFFICE BUILDING
      6020 Richmond Hwy, Alexandria, VA 22303-2157
      View Details
    • Value Estimation
      $1,210,000
      4,965 SF

      6130 Richmond Hwy

      OFFICE BUILDING
      6130 Richmond Hwy, Alexandria, VA 22303-2316
      View Details
    • Value Estimation
      $7,130,000
      83,742 SF

      5904 Richmond Hwy

      OFFICE BUILDING
      5904 Richmond Hwy, Alexandria, VA 22303-1875
      View Details
    • Value Estimation by Request
      0.26 Acres

      Alexandria, VA 22303

      OFFICE BUILDING
      Alexandria, VA 22303
      View Details
    • Value Estimation
      $8,525,000
      58,000 SF

      2560 Huntington Ave

      OFFICE BUILDING
      2560 Huntington Ave, Alexandria, VA 22303-1447
      View Details

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      Alexandria Office Space For Rent

      Ready-made office space in Alexandria, 16 miles from Washington DC.
      5904 Richmond Hwy, Alexandria, VA 22303
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      Alexandria Office Space For Lease

      58,000 square foot office space available for lease.
      2560 Huntington Ave, Alexandria, VA 22303
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      Alexandria Office Space For Lease

      Office space available for lease in Alexandria, Virginia.
      5904 Richmond Hwy, Alexandria, VA 22303
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      3,479 SF

      Alexandria Office Space For Rent

      Office space with easy access to transportation and amenities.
      5845 Richmond Hwy, Alexandria, VA 22303
      View Details
    • Contact for pricing
      2,561 SF

      Alexandria Retail Space For Rent

      2,561 SF retail space with high traffic visibility.
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    View Listing
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    Alexandria, VA 22303
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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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