Alexandria Ophthalmic Associates — Sale in Alexandria, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Alexandria, VA 22314
  • Year built: 1872

Photos

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Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This offering presents an opportunity to acquire an established medical office property occupied by Vision Innovation Partners, a regional healthcare platform supporting 69 locations throughout the Mid-Atlantic. The property is offered below its $1,794,781 assessed value and features below-market in-place rents, providing potential upside through future rent growth. Located within an affluent trade area, 35.5% of households within a 1-mile radius earn $200,000 or more annually, supporting strong demographics and purchasing power. The combination of an established medical tenant, attractive basis, below-market rents, and affluent surrounding demographics creates a compelling investment opportunity. Investment Highlights: • PRICED BELOW ASSESSED VALUE Offered at a price below the property's $1,794,781 assessed value. • BELOW-MARKET RENTS In-place rents are below market, providing potential upside through future rent growth. • ESTABLISHED MEDICAL TENANT Vision Innovation Partners supports 69 locations throughout the Mid-Atlantic, providing an established regional healthcare platform. • AFFLUENT TRADE AREA 35.5% of households within a 1-mile radius earn $200,000+ annually, demonstrating strong household income and purchasing power.

Market Context

This office in Alexandria, VA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1872. Compare it against other office listings for sale in Alexandria, VA — view the full market.

As of Q1 2026, the Washington D.C. office market showed a 21.2% vacancy rate, and average asking rents near $60.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Washington D.C. office market tightening or softening?
Vacancy is around 21.2% (Q1 2026).

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