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Property profile & analytics
FOR LEASE
Turn key restaurants
110 S Pitt St Alexandria, VA 22314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0142139
For Lease
1 / 23
$4,220,000
110 S Pitt St, Alexandria, VA 22314
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
10,112 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CD - COMMERCIAL DOWNTOWN
APN
11949050
UPID
US87-0142139
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
-
Embassy Insurance Insurance Agency
-
Crystal Woods at Alexandria Apartment Building
-
Alexandria Times Publishing House Newspaper & Magazine
-
1799 Prime Steak & Seafood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.76M
Blend (final)
Blend
$4.22M
Owner & transaction history
Arrived Holding LLC · 4 yrs held
Arrived Holding LLC
since 2022
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,985,000
ML approach
$4,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±10% · vs last sale $4.35M (Feb 1 2022)
Last sale anchor
$4.35M
Feb 1 2022
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
$417 / 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
$37,962
Tax year 2023
Assessed value
$3,420,000
Assessed 2023
Previous assessed
$2,240,000
+52.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,789,860
Assessed improvement
$1,630,140
Land market value
$1,789,860
Improvement market value
$1,630,140
Total market value
$3,420,000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1900
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
10,112 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CD - COMMERCIAL DOWNTOWN
APN
11949050
UPID
US87-0142139
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VA
Zoning 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
Alexandria. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Arrived Holding LLC
Entity
Mailing address
8806 DANCER CT, GAINESVILLE, VA 20155-5910
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2022
—
Arrived Holding LLC
—
Deed
related
$150,000 · Sandy Spring Bank
Feb 1, 2022
$4,350,000
Arrived Holding LLC
Ws 110 Pitt LLC
Special Warranty Deed
$3,697,500 · Sandy Spring Bank
Jun 21, 2019
$3,125,000
Ws 110 Pitt LLC
110 South Pitt LLC
Special Warranty Deed
$2,187,500 · Fvcbank
Oct 20, 2005
—
110 South Pitt LLC
110 South Pitt LLC
Quit Claim Deed
related
—
—
—
110 South Pitt LLC
—
Deed Of Trust
related
$1,800,000 · Virginia Commerce Bank
—
—
110 South Pitt LLC
—
Deed Of Trust
related
$400,000 · Cardinal 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.
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