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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Office buildings
1240 Pitt St Alexandria, VA 22314-5600
Entity Owned
16-yr Hold
Free & Clear
Property ID
US87-3988305
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
16,574 SF
Lot
0.13 ac (5,663 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
50511300
UPID
US87-3988305
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
-
Chiropractic Associates LLC Alternative Medicine Practice
-
Creative Touch Therapy Alternative Medicine Practice Spa & Massage Center
-
absolute massage old town Alternative Medicine Practice Spa & Massage Center
-
Synergy Float Center Alternative Medicine Practice Spa & Massage Center
-
Pitt Street Center Marketing Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
National Pta Properties LLC · 16 yrs held
National Pta Properties LLC
since 2010
2 recorded transactions
Zoning & alternative use
OC - OFFICE COMMERCIAL ZO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$151 / 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
$25,341
Tax year 2023
Assessed value
$2,283,000
Assessed 2023
Previous assessed
$2,304,000
-0.9% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,153,400
Assessed improvement
$1,129,600
Land market value
$1,153,400
Improvement market value
$1,129,600
Total market value
$2,283,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Total area
16,574 SF
Lot
0.13 ac (5,663 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
50511300
UPID
US87-3988305
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.
Building & site characteristics
From public records
Year built
1986
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
National Pta Properties LLC
Entity
Free & Clear · 16 yrs held
Mailing address
3020 HAMAKER CT STE #301, FAIRFAX, VA 22031-2220
Ownership since
2010
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
May 7, 2010
$9,005,000
National Pta Properties LLC
Apollo 18 LLC
Grant Deed
—
Jan 7, 2005
$2,500,000
Apollo 19 LLC
Pyles,david L
Grant Deed
$2,000,000 · Alliance 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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