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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
115 Oronoco St Alexandria, VA 22314-2015
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1023392
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
1,694 SF
Lot
0.02 ac (871 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
50311060
UPID
US87-1023392
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
-
Gary W Lonergan Law Offices Law Firm
-
Pickard Stephen R Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$665k
Owner & transaction history
Dalton Wharf Partners LLC · 2 yrs held
Dalton Wharf Partners LLC
since 2024
Last sale
$662,500
2 recorded transactions
Zoning & alternative use
OC - OFFICE COMMERCIAL ZO · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$990,000
+24.4%
Retail stores
$885,000
+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
$665,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
COMMERCIAL (GENERAL)
$990,000
Change: +24% · Conversion: Easy
RETAIL STORES
$885,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $663k (Feb 16 2024)
Last sale anchor
$663k
Feb 16 2024
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
$393 / 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
$5,676
Tax year 2023
Assessed value
$511,331
Assessed 2023
Previous assessed
$511,331
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$261,270
Assessed improvement
$250,061
Land market value
$261,270
Improvement market value
$250,061
Total market value
$511,331
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
Off-Market
Year built
1981
Heating
OTHER
Cooling
OTHER
Stories
3
Total area
1,694 SF
Lot
0.02 ac (871 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
50311060
UPID
US87-1023392
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
OC - OFFICE COMMERCIAL ZO · Alexandria, VA
Zoning OC - OFFICE COMMERCIAL ZO · permitted uses
OC - OFFICE COMMERCIAL ZO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$990,000
RETAIL STORES
Est. value
$885,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1981
Heating
OTHER
Cooling
Yes
Stories
3
Lot
0.02 ac
Current owner
From public records · entity-resolved
Dalton Wharf Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6267 W FALLSGROVE LN, PORT ORANGE, FL 32128-6827
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
$662,500
Dalton Wharf Partners LLC
Dalton Wharf Unit No 7 Joint Ventur
Warranty Deed
—
May 11, 2006
—
Dalton Wharf Unit 7 Jv Rllp
Dalton Wharf Unit 7 Jv
Quit Claim Deed
related
—
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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