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Iconic 164K± SF Office | Old Town Alexandria 2000 Duke St 164,407 SF 40% Leased Office Building Online Auction Sale Alexandria, VA 22314

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Investment Highlights

  • Introducing 2000 Duke Street, a grand 164,407-square-foot office building with an impressive curb appeal.
  • Significant room for growth and customization presents immense potential in a sought-after location poised for future prosperity.
  • Proximity to major transportation routes ensures seamless connectivity to the broader Washington, DC metropolitan area.
  • Zoned CDD#1 and conveniently situated in the vibrant city of Alexandria, VA, highly visible at the signalized intersection of Duke and Dulany Street
  • Dynamic blend of dining, retail, and cultural establishments creates an inviting environment for businesses.
  • Current in-place income from two long-term tenants and an active ground lease encompasses this opportunity.

Executive Summary

Century 21 Commercial | New Millennium is pleased to exclusively offer for sale 2000 Duke Street, a premier, highly adaptable asset located in the heart of Old Town Alexandria, VA. The property consists of approximately 164,407 GSF and is ideally positioned to support continued office use, office condominium conversion, hospitality use, or a compelling residential condominium redevelopment.

Strategically located just steps from the King Street Metrorail, VRE, and Amtrak stations, 2000 Duke Street serves as a gateway to Old Town’s highly sought-after Carlyle District, a dense, walkable, live/work/play environment supported by strong residential demand, retail amenities, and exceptional regional connectivity. The property fronts Duke Street, Alexandria’s primary commercial corridor, and, together with 1940 Duke Street, frames the entrance to the US Patent and Trademark Office headquarters.

Architecturally distinctive, the building features a crowned central tower and colonial-inspired stone and brick façades that seamlessly align with Old Town’s historic Federalist character, an aesthetic well-suited for repositioning into residential or hospitality use. The building offers 30’ x 30’ column spacing, 11’ finished ceiling heights, rooftop decks and balconies with open views, and 300 underground parking spots, providing a strong physical foundation for adaptive reuse. LEED Silver certification further enhances long-term operational efficiency and value.

A robust amenity base, including national and local retailers, hotels, dining, and everyday conveniences, surrounds 2000 Duke Street. Whole Foods is one block away, and the adjacent Embassy Suites provides conference and hospitality amenities. The historic core of Old Town Alexandria, offering a vibrant 24/7 environment of boutique retail, dining, and entertainment, is a short walk from the property.

Accessibility is unmatched. The King Street transportation hub is within a 100-yard walk via the Duke Street pedestrian tunnel, providing direct access to Metro, VRE, and Amtrak. The property is approximately 7 miles from Downtown Washington, DC, with immediate access to Interstates 495, 395, and 95, as well as the George Washington Parkway, offering seamless connectivity to National Airport, the Pentagon, and major regional employment centers.

2000 Duke Street presents a rare opportunity to acquire a landmark Old Town asset with strong in-place fundamentals and significant long-term redevelopment optionality.

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Washington - DC USA

Market Cap Rate

Washington - DC USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
164,407 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1996
Percent Leased
40%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
33,000 SF
Slab To Slab
14’
Building FAR
2.36
Lot Size
1.60 AC
Parcel Number
073.01-02-06
Zoning
CDD#1 - Coordinated Development District | City of Alexandria, VA.
Parking
296 Spaces (1.8 Spaces per 1,000 SF Leased)

Amenities

  • Fitness Center
  • Metro/Subway
  • Property Manager on Site
  • Central Heating
  • Air Conditioning

Sustainability

LEED Certified
Silver
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • IWG-Regus - Spaces
  • -
  • 99,999 SF
  • -
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease End
IWG-Regus - Spaces - 99,999 SF - Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 7,735 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 1st Fl-Ste 115
  • 1,948 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 1st Fl-Ste 120
  • 3,023 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 1st Fl-Ste 150
  • 7,952 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 1st Fl-Ste 175
  • 7,640 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 4th Floor
  • 33,092 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

  • 5th Floor
  • 30,925 SF
  • Office
  • Full Build-Out
  • Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

Space Size Space Use Condition Available
1st Fl-Ste 100 7,735 SF Office Full Build-Out Now
1st Fl-Ste 115 1,948 SF Office Full Build-Out Now
1st Fl-Ste 120 3,023 SF Office Full Build-Out Now
1st Fl-Ste 150 7,952 SF Office Full Build-Out Now
1st Fl-Ste 175 7,640 SF Office Full Build-Out Now
4th Floor 33,092 SF Office Full Build-Out Now
5th Floor 30,925 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
7,735 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 115

Size
1,948 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 120

Size
3,023 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 150

Size
7,952 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 175

Size
7,640 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor

Size
33,092 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Floor

Size
30,925 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 7,735 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

1st Fl-Ste 115

Size 1,948 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

1st Fl-Ste 120

Size 3,023 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

1st Fl-Ste 150

Size 7,952 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

1st Fl-Ste 175

Size 7,640 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

4th Floor

Size 33,092 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

5th Floor

Size 30,925 SF
Space Use Office
Condition Full Build-Out
Available Now

Espace de bureau disponible dès maintenant au Carlyle Building ! Contactez le responsable de l'annonce pour plus de détails.

Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2024 Population
28,178
150,600
468,505
2020 Population
29,608
154,122
475,409
2029 Population
27,356
147,209
457,625
2024-2029 Projected Population Growth
-2.9%
-2.3%
-2.3%
Daytime Employees
37,405
107,510
214,793
Total Businesses
3,266
9,792
20,949
Average Household Income
$155,840
$151,038
$127,374
Median Household Income
$129,083
$124,078
$100,461
Total Consumer Spending
$548M
$2.6B
$6.9B
Median Age
39.5
39.5
38.3
2024 Households
14,621
69,924
203,058
Percent College Degree or Above
30%
30%
26%
Average Home Value
$750,529
$707,003
$605,240
$ values in USD

Sale Advisors

Sale Advisors

Ryan Rauner, CCIM, Associate Broker
Ryan Rauner has over a decade of experience in commercial real estate brokerage. Over the course of his career, Mr. Rauner has represented clients across various industries and completed transactions in every asset class: office, flex, industrial, retail, and land. Originally specializing in tenant and buyer representation, Mr. Rauner expanded his service offerings to include landlord and seller representation upon joining RealMarkets. As a Certified Commercial Investment Member (CCIM), Mr. Rauner further expanded his services to include investment real estate sales and acquisitions. The CCIM designation is conferred upon commercial real estate leaders that have a proven record of success in the field and have demonstrated mastery of financial, market, and investment analysis. CCIM designees have access to the industry's best technology platforms, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. In 2018, he was appointed by the Fairfax County Board of Supervisors to the Board of Equalization of Real Estate Assessments (BOE), which has the especial duty and responsibility of determining whether the Department of Tax Administration (DTA) has equalized the assessments among property owners. This independent body has the power to increase, decrease, or keep the same assessment upon its review.
David Lowry, Director, Commercial Accelerated Sales
David is an accomplished Director of Commercial Accelerated Sales for RealMarkets, a CENTURY 21 New Millennium Team. With over 20 years of experience in Commercial Real Estate, David is a well-known expert in this field. He has worked with esteemed platforms such as Ten-X, and has assisted both institutional and non-institutional sellers and brokers in the sale of real estate transactions.
David has played a crucial role in identifying over $1B in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

Auction Contact

Casey Harrell
Auctioneer License: Ten-X Jessica Anne Figueroa RE Brkr 0226033409
  • Listing ID: 39100203

  • Date on Market: 2026-01-29

  • Last Updated:

  • Address: 2000 Duke St, Alexandria, VA 22314

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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