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    5649A General Washington Dr Alexandria, VA 22312
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    5649A General Washington Dr, Alexandria, VA 22312

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    • Warehouses
    • 1,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5649A General Washington Dr

    Year built
    1981
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 1,800 square foot, two-story condominium in Alexandria, Virginia, offers a versatile blend of industrial, flex, and warehouse space, ideal for a variety of businesses. Located at 5649A General Washington Dr, 22312, this Class B property boasts a prime location with convenient access to major roadways including I-95, I-395, and the Capital Beltway (I-495), placing it within easy reach of a thriving industrial and retail area near Edsall Road. The unit features a professional reception area with glass doors and windows, a spacious conference room, storage room, bathroom, and kitchenette on the ground floor. Upstairs, five offices of varying sizes, some with windows, and a full bathroom with shower provide ample workspace. A large roll-up door provides access to the rear drive-in warehouse space, complete with high ceilings, extensive shelving, and additional upper-level storage. One assigned parking space is included (marked 5649-A), with additional parking permits available through the condo association. Quarterly condominium fees are $2,205. Situated in a quiet corner of the business park, framed by trees, this end unit offers easy access to the rear warehouse. Built in 1981, this property is a 1-unit condominium with an APN of 0811 10 0058. The asking price is $584,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1621
    Latitude
    38.7981

    Comparable in this City

    • Value Estimation by Request

      5758 General Washington Dr

      Manufacturing properties
      5758 General Washington Dr, Alexandria, VA 22312
      View Details
    • Value Estimation
      $9,115,000
      48,550 SF

      5710 General Washington Dr Ste A

      MINI-WAREHOUSE, STORAGE
      5710 General Washington Dr Ste A, Alexandria, VA 22312-2416
      View Details
    • Value Estimation
      $22,090,000
      157,500 SF

      6375 Bren Mar Dr

      MINI-WAREHOUSE, STORAGE
      6375 Bren Mar Dr, Alexandria, VA 22312
      View Details
    • Value Estimation by Request
      1,800 SF

      5641st General Washington Dr, Unit 1

      MINI-WAREHOUSE, STORAGE
      5641st General Washington Dr, Alexandria, VA 22312-2403
      View Details
    • Value Estimation by Request
      1,800 SF

      5641st General Washington Dr, Unit 2

      MINI-WAREHOUSE, STORAGE
      5641st General Washington Dr, Alexandria, VA 22312-2403
      View Details
    • Value Estimation by Request
      1,800 SF

      5641st General Washington Dr, Unit 24

      MINI-WAREHOUSE, STORAGE
      5641st General Washington Dr, Alexandria, VA 22312-2403
      View Details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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