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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Turn key restaurants
1508 Mt Vernon Ave Alexandria, VA 22301-1718
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0726586
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1940
Total area
5,400 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
14692500
UPID
US87-0726586
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
-
Junction Bakery & Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$3.32M
Owner & transaction history
1508 Mt Vernon Avenue LLC · 3 yrs held
1508 Mt Vernon Avenue LLC
since 2022
Last sale
$3.4M
3 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
$3,125,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,165,000
Current use
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±10% · vs last sale $3.41M (Dec 15 2022)
Last sale anchor
$3.41M
Dec 15 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
$615 / 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
$25,738
Tax year 2023
Assessed value
$2,318,708
Assessed 2023
Previous assessed
$2,276,220
+1.9% YoY
Effective rate
1.11%
On assessed value
Assessed land
$922,008
Assessed improvement
$1,396,700
Land market value
$922,008
Improvement market value
$1,396,700
Total market value
$2,318,708
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
1940
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,400 SF
Lot
0.26 ac (11,326 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
14692500
UPID
US87-0726586
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$4.2M
RESTAURANT Current
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
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
1508 Mt Vernon Avenue LLC
Entity
Mailing address
115 KING ST, ALEXANDRIA, VA 22314-3207
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
Dec 15, 2022
$3,410,000
1508 Mt Vernon Avenue LLC
Meatloaf Management Corp
Warranty Deed
$3,003,400 · Primis Bank
—
—
Meatloaf Management Corp
—
Deed Of Trust
related
$900,000 · Branch Bk&tr
—
—
Meatloaf Management Corp
—
Deed Of Trust
related
$820,000 · Branch Banking & Trust Co Va
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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