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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Office buildings
1215 Cameron St Alexandria, VA 22314-2430
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3610576
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
6,112 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CRMU-M - COMM/RESD MIXED
APN
10700000
UPID
US87-3610576
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
-
Orling Mark S Architect
-
Rust Orling Architecture Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$2.16M
Owner & transaction history
Gigi Fund LLC · 3 yrs held
Gigi Fund LLC
since 2022
Last sale
$2.3M
3 recorded transactions
Zoning & alternative use
CRMU-M - COMM/RESD MIXED · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+24.4%
Retail stores
$3.2M
+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
$2,060,000
ML approach
$2,070,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,875,000
Current use
COMMERCIAL (GENERAL)
$3,580,000
Change: +24% · Conversion: Easy
RETAIL STORES
$3,185,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10% · vs last sale $2.25M (Nov 22 2022)
Last sale anchor
$2.25M
Nov 22 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
$353 / 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
$21,458
Tax year 2023
Assessed value
$1,933,155
Assessed 2023
Previous assessed
$1,841,100
+5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,295,803
Assessed improvement
$637,352
Land market value
$1,295,803
Improvement market value
$637,352
Total market value
$1,933,155
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
1900
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Rooms
10
Total area
6,112 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CRMU-M - COMM/RESD MIXED
APN
10700000
UPID
US87-3610576
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CRMU-M - COMM/RESD MIXED · Alexandria, VA
Zoning CRMU-M - COMM/RESD MIXED · permitted uses
CRMU-M - COMM/RESD MIXED · 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
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
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
1900
Heating
CENTRAL
Cooling
Yes
Stories
3
Rooms
10
Lot
0.19 ac
Current owner
From public records · entity-resolved
Gigi Fund LLC
Entity
Mailing address
616 N WASHINGTON ST, ALEXANDRIA, VA 22314-1914
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
$2,250,000
Gigi Fund LLC
Jmw Joint Venture
Warranty Deed
—
Jul 12, 2016
—
Jmw Joint Venture
—
Deed
related
$1,130,588 · Cardinal Bank
May 8, 2012
—
Jmw Jv
—
Deed Of Trust
related
$1,200,000 · Burke & Herbert Bank & Trust
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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