Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Industrial land
1198 Fairfax St Alexandria, VA 22314-1168
Individually Owned
13-yr Hold
Absentee Owner
Property ID
US87-1329286
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
2009
Total area
67,970 SF
Lot
0.22 ac (9,418 SF)
Zoning code
UT - UTILITIES & TRANSPOR
APN
50486000
UPID
US87-1329286
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.76M
Owner & transaction history
Joseph Teague · 13 yrs held
Joseph Teague
since 2013
7 recorded transactions
Zoning & alternative use
UT - UTILITIES & TRANSPOR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,525,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,500,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10%
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
$85 / 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
Assessed value
$425,000
Assessed 2023
Previous assessed
$425,000
+0.0% YoY
Assessed land
$425,000
Land market value
$425,000
Total market value
$425,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
2009
Heating
NONE
Stories
4
Total area
67,970 SF
Lot
0.22 ac (9,418 SF)
Zoning code
UT - UTILITIES & TRANSPOR
APN
50486000
UPID
US87-1329286
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
UT - UTILITIES & TRANSPOR · Alexandria, VA
Zoning UT - UTILITIES & TRANSPOR · permitted uses
UT - UTILITIES & TRANSPOR · 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
RESTAURANT
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$4.5M
RESTAURANT
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Stories
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Joseph Teague
Individual
Mailing address
1455 PENNSYLVANIA AVE NW STE #200, WASHINGTON, DC 20004-1019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2013
$989,900
Joseph Teague
1125 North Royal LLC
Grant Deed
$417,000 · First Savings Mortgage Corp
Jun 18, 2013
$983,315
Phillippe K Draoui
1125 North Royal LLC
Grant Deed
$625,500 · Eagle Bank
Jun 18, 2013
$899,000
Thomas D Fina
1125 North Royal LLC
Grant Deed
$719,200 · Citibank NA
Jun 6, 2013
$1,152,900
Vondle David C
1125 North Royal LLC
Grant Deed
$919,920 · Bank Of America
May 29, 2013
$994,900
Robert G Caserta
1125 North Royal LLC
Grant Deed
$744,900 · Wells Fargo Bank
Dec 27, 2011
—
1125 North Royal LLC
—
Deed Of Trust
related
$13,240,000 · United Bank
Dec 26, 2007
—
1125 North Royal LLC
1125 North Royal LLC
Quit Claim Deed
related
$16,209,000 · Lasalle National Bank
Apr 5, 2006
$4,253,484
1125 North Royal LLC
Meeks,william H & Virginia B
Grant Deed
—
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?”
You own 1198 Fairfax St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
