Building Details

Year Built 1850

Listing Agency: Karen Hairston - Intelligence

Listed By: Karen Hairston · License #0225187916 Show Phone

Source: Expcommercial

Added: Nov 20, 2025 Changed: Oct 13 Last Checked: Oct 14 at 7:34PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karen Hairston - Intelligence

Investment Insights

Based on property information with market context.

Built in 1850, this 10,112-square-foot property combines a ground-floor restaurant with residential accommodations above. The restaurant occupies 5,056 square feet, while the second level contains four multifamily units with varied occupancy arrangements: one has a long-term tenant, two are used as Airbnb rentals, and one is available.

Located at 110 S. Pitt Street in Old Town Alexandria, the property sits within the Washington, D.C. region. CD (Commercial Downtown) zoning supports a range of commercial and residential uses. The combination of restaurant operations, multifamily units, historic construction, and mixed-use zoning creates a distinct property configuration for both operating and investment considerations.

Key Highlights

• 10,112‑square‑foot mixed‑use property built in 1850
• 5,056‑square‑foot ground‑floor restaurant
• Four multifamily units on the second level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$393,155

Cap Rate

8.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,863,100 $7.9M

Cap Rate 7%

$5,616,500 $5.6M

Cap Rate 9%

$4,368,389 $4.4M

Market Conditions

NOI Build-Up for 10,112 SF

Gross rent

$546.0K $54.00/SF

− Vacancy

−$21.8K −$2.16/SF

EGI

$524.2K $51.84/SF

− OpEx

−$131.1K −$12.96/SF

NOI

$393.2K $38.88/SF

Area

Alexandria, VA

Vacancy

4.00%

Lease Rate

$54.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,863,100

Cap Rate 7%

$5,616,500

Cap Rate 9%

$4,368,389

Alternative Uses

Best Use

Specialty Retail

$5.62M

$4.91M – $6.55M (±1% cap)

NOI $393,155 @ 7.0% cap · market cap 8.19%

Second Best

Mixed Use

$2.52M

$2.20M – $2.94M (±1% cap)

NOI $176,328 @ 7.0% cap · market cap 3.67%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Embassy Insurance Insurance Agency Crystal Woods at Alexandria Apartment Building Alexandria Times Publishing House 1799 Prime Steak ... Restaurant

Suggested Use

Top Pick Food Market Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,974

Businesses Nearby

Explore this area Business Placement

Demographics for 22314, VA

35,784

Population

21,154

Households

1.7

Avg Household Size

39

Median Age

79%

College-Educated

97%

High-School Grad

3.7 sq mi

ZIP Area

9,671

Density / Sq Mi

$144,359

Median Household Income

$98,121

Median Earnings

$2,312

Median Rent

$856,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant space and four residential units operate within a CD-zoned downtown asset.

Where is this mixed-use property located?

The property is located at 110 S Pitt St Alexandria, VA.

What is the asking price?

The asking price for this property is $4,800,000.

What are key features of this property?

This property features: 10,112‑square‑foot mixed‑use property built in 1850; 5,056‑square‑foot ground‑floor restaurant; Four multifamily units on the second level