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Grovedale Executive Office Park - Building A 6400 Grovedale Dr 18,491 SF 100% Leased Office Building Franconia, VA 22310 $5,500,000 ($297.44/SF) 7.74% Cap Rate
Investment Highlights
- Stable Income Asset: Located in a dense Alexandria submarket with long-term demand for service-based uses, supporting consistent performance.
- Strong Lease Durability: Renewal options and long-term tenancy contribute to predictable cash flow and overall stability.
- High-Density, Accessible Location: Proximity to major transportation corridors enhances tenant desirability and long-term viability.
- Established Tenant Base: Anchored by The New Story School and Crescent Counseling, both providing essential educational and behavioral-health services
- Flexible C-2 Zoning: Broad commercial and institutional uses allowed, keeping the property attractive to a wide range of operators.
- Low-Volatility Investment: 100% occupancy and a $425K+ create a reliable, resilient investment profile in Northern Virginia.
Executive Summary
6400 Grovedale Drive is a stable, income-producing asset in a dense and highly sought-after pocket of Alexandria. The property is anchored by two strong, mission-driven tenants—The New Story School and Crescent Counseling—both delivering essential educational and behavioral-health services with steady demand and long-term relevance in the market. Their presence contributes to consistent occupancy and reliable cash flow.
The site is zoned C-2, allowing a wide range of commercial, institutional, and service-oriented uses that continue to draw operators seeking accessible, well-located space. This zoning flexibility, paired with the area’s strong population density, supports ongoing tenant stability and low vacancy risk.
For investors seeking dependable returns and alignment with growing service-based industries, 6400 Grovedale Drive offers a compelling, low-volatility opportunity in one of Northern Virginia’s most resilient submarkets.
The site is zoned C-2, allowing a wide range of commercial, institutional, and service-oriented uses that continue to draw operators seeking accessible, well-located space. This zoning flexibility, paired with the area’s strong population density, supports ongoing tenant stability and low vacancy risk.
For investors seeking dependable returns and alignment with growing service-based industries, 6400 Grovedale Drive offers a compelling, low-volatility opportunity in one of Northern Virginia’s most resilient submarkets.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$496,096
|
$26.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$496,096
|
$26.83
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$132,111
|
$7.14
|
| Net Operating Income |
$363,985
|
$19.68
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $496,096 |
| Annual Per SF | $26.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $496,096 |
| Annual Per SF | $26.83 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $132,111 |
| Annual Per SF | $7.14 |
| Net Operating Income | |
|---|---|
| Annual | $363,985 |
| Annual Per SF | $19.68 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,491 SF
Building Class
B
Year Built
2001
Price
$5,500,000
Price Per SF
$297.44
Cap Rate
7.74%
NOI
$425,962
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,246 SF
Slab To Slab
9’
Building FAR
0.27
Lot Size
1.60 AC
Zoning
C-2
Parking
50 Spaces (2.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Property Manager on Site
- Signage
- Kitchen
- Direct Elevator Exposure
- Natural Light
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- Full Service
- Oct 2029
Center for Autism and Related Disorders was established in 1990 as an applied behavior analysis practice focused on early intervention for individuals with autism. The company provides evidence-based ABA therapy through center-based services, home-based services, learning readiness, skills for parents, social skills groups, and teen and adult programming. Center for Autism and Related Disorders supports families with individualized treatment plans, progress tracking, and help navigating insurance coverage. The company maintains a nationwide presence in the United States and continues to focus on research, technology, and access to autism treatment.
- Dignity-care Home Health Services
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Full Service | Oct 2029 | |
| Dignity-care Home Health Services | Health Care and Social Assistance | - | - | - | - |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0813-05-A1 | Improvements Assessment | $961,560 (2025) |
| Land Assessment | $1,807,570 (2025) | Total Assessment | $2,769,130 (2025) |
Property Taxes
Parcel Number
0813-05-A1
Land Assessment
$1,807,570 (2025)
Improvements Assessment
$961,560 (2025)
Total Assessment
$2,769,130 (2025)
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