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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Turn key restaurants
1501 Mt Vernon Ave Alexandria, VA 22301-1717
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0983205
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
3,196 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
13418000
UPID
US87-0983205
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
-
Matt & Tony’s All Day Kitchen + Bar Restaurant
-
Tidy Carpet Care Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.89M
Owner & transaction history
Arp 1501 Mt Vernon LLC · 4 yrs held
Arp 1501 Mt Vernon LLC
since 2021
Last sale
$1.4M
2 recorded transactions
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · 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
$2,300,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $1.43M (Nov 15 2021)
Last sale anchor
$1.43M
Nov 15 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
$591 / 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
$13,202
Tax year 2023
Assessed value
$1,189,333
Assessed 2023
Previous assessed
$1,158,095
+2.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$460,758
Assessed improvement
$728,575
Land market value
$460,758
Improvement market value
$728,575
Total market value
$1,189,333
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,196 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
13418000
UPID
US87-0983205
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · Alexandria, VA
Zoning CL - COMMERCIAL LOW ZONE · permitted uses
CL - COMMERCIAL LOW ZONE · 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
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Arp 1501 Mt Vernon LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 2937, DULUTH, GA 30096-0050
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$1,425,000
Arp 1501 Mt Vernon LLC
1501 Mva LLC
Warranty Deed
—
Jan 30, 2018
$1,250,000
1501 Mva LLC A Virginia Limited Lia
Mary Whitley
Warranty Deed
$937,500 · John Marshall 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.
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