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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Turn key restaurants
1118 King St Alexandria, VA 22314-2925
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-0142128
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1800
Total area
3,705 SF
Lot
0.04 ac (1,742 SF)
Zoning code
KR
APN
10621000
UPID
US87-0142128
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
-
Vaso's Mediterranean Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.39M
Owner & transaction history
Metanoia Group LLC · 5 yrs held
Metanoia Group LLC
since 2021
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
KR · 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
$2,940,000
ML approach
$2,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $1.82M (Feb 12 2021)
Last sale anchor
$1.82M
Feb 12 2021
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
$644 / 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
$16,597
Tax year 2023
Assessed value
$1,495,237
Assessed 2023
Previous assessed
$1,424,035
+5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$663,536
Assessed improvement
$831,701
Land market value
$663,536
Improvement market value
$831,701
Total market value
$1,495,237
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
Off-Market
Year built
1800
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
3,705 SF
Lot
0.04 ac (1,742 SF)
Zoning code
KR
APN
10621000
UPID
US87-0142128
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
KR · Alexandria, VA
Zoning KR · permitted uses
KR · 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
1800
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Metanoia Group LLC
Entity
Mailing address
1118 KING ST, ALEXANDRIA, VA 22314-2925
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2021
—
Metanoia Group LLC
—
Deed
related
$740,000 · Business Finance Group INC
Feb 12, 2021
$1,822,000
Metanoia Group LLC
Eleventh Hour LLC
Special Warranty Deed
$911,000 · Mainstreet Bank
Sep 24, 2018
—
Eleventh Hour LLC
—
Deed
related
$1,360,000 · Sandy Spring Bank
Aug 15, 2014
—
Eleventh Hour LLC
—
Grant Deed
related
$1,173,000 · Washingtonfirst Bk
Dec 12, 2012
$1,200,000
Eleventh Hour LLC
Ikm LLC
Grant Deed
$900,000 · United Bank
Dec 8, 2009
—
Ikm LLC
Abbruzzetti,francesco
Grant Deed
related
—
—
—
I K M LLC
—
Deed Of Trust
related
$783,007 · Branch Banking & Trust Co
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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