6416 Grovedale DrAlexandria, VA 22310

Property Details for 6416 Grovedale Dr

Year built

1990

Construction

FRAME

Property size (Sq ft)

2,285 SF

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Other office properties

APN

091-1-21-03-0100-A

APU

091121030100A

Description

This exceptional 4,500 square foot commercial space, located at 6416 Grovedale Drive Unit 100A in Alexandria, Virginia, presents a unique investment opportunity. Situated within The Courtyards of Alexandria, this property boasts a prime location, just one mile from the new INOVA Springfield Hospital, making it perfectly suited for conversion into medical offices, a health clinic, or a daycare center. The current configuration includes a blend of open collaborative workspaces and private cubicles, fostering both teamwork and individual productivity. A state-of-the-art conference room facilitates seamless meetings and presentations, while a well-equipped kitchen and break area cater to employee needs. Ample parking is available on-site, complemented by a tranquil courtyard setting. The property's strategic location offers easy access to major transportation arteries, including the Springfield Metro, I-395, and I-495, ensuring convenient commuting for employees and clients. This versatile space offers significant potential for a variety of commercial uses, making it an attractive proposition for discerning investors seeking a high-value property in a thriving Alexandria location. The property is offered at $1,450,000.

• CAP approach

  CAP return

  Valuation

  6%

  $590,513

  6.5%

  $545,089

  7%

  $506,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,618

  Geo Method

  $381,618

• Alternative Use

  Use

  Valuation

  Residential

  $675,910

  Hospitality

  $619,130

  Educational

  $515,109

  Medical

  $532,824

  Retail

  $801,281

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.7779

Longitude

-77.1483

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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