Back to Search
Property profile & analytics
FOR SALE
Office buildings
102 South Alfred St Alexandria, VA 22314
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US87-0661046
No photos on file
For Sale
$1,200,000
102 South Alfred St, Alexandria, VA 22314
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1880
Total area
3,072 SF
Lot
0.03 ac (1,307 SF)
Zoning code
CD - COMMERCIAL DOWNTOWN
APN
50582200
UPID
US87-0661046
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
value in staffing program Employment Agency
-
Embassy Homeowners Insurance Construction Company General Contractor
-
Elite Auto Insurance Insurance Agency
-
National Association-Community Health Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.08M
Owner & transaction history
Restrepo LLC · 6 yrs held
Restrepo LLC
since 2020
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+10.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alexandria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alexandria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,280,000
ML approach
$1,265,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,445,000
Current use
RETAIL STORES
$1,600,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.08M (Jan 27 2020)
Last sale anchor
$1.08M
Jan 27 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$350 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,065
Tax year 2023
Assessed value
$996,860
Assessed 2023
Previous assessed
$949,391
+5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$467,719
Assessed improvement
$529,141
Land market value
$467,719
Improvement market value
$529,141
Total market value
$996,860
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1880
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
3,072 SF
Lot
0.03 ac (1,307 SF)
Zoning code
CD - COMMERCIAL DOWNTOWN
APN
50582200
UPID
US87-0661046
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VAZoning CD - COMMERCIAL DOWNTOWN · permitted uses
CD - COMMERCIAL DOWNTOWN · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1880
Heating
OTHER
Cooling
Yes
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Restrepo LLC
Entity
Mailing address
102 S ALFRED ST, ALEXANDRIA, VA 22314-3002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
901 King LLC
—
Deed
related
$6,400,000 · Founders Bank
Jul 8, 2020
—
Restrepo LLC
—
Deed
related
$494,000 · Business Finance Group INC
Jan 27, 2020
$1,076,000
Restrepo LLC
Alfred Street LLC
Special Warranty Deed
$597,500 · Burke & Herbert Bank & Trust Compan
—
—
Alfred Street Baptist Church
—
Deed Of Trust
related
$7,160,000 · Virginia Commerce Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
