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Property profile & analytics
OFF-MARKET
Estimated value
$21,610,000
Community centers
1508th Belle Vw Blvd Alexandria, VA 22307-6530
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1973810
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1959
Construction
CONCRETE BLOCKS
Total area
98,657 SF
Lot
7.76 ac (337,991 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
093-2-01-0001
UPID
US87-1973810
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
$23.48M
Blend (final)
Blend
$21.61M
Owner & transaction history
Benenson Investment Co · 10 yrs held
Benenson Investment Co
since 2016
6 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · 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
OFFICE BUILDING
$34,220,000
Change: -6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$33,555,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$33,475,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$21.61M
Range $19.45M – $23.77M · ±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
$219 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$218,063
Tax year 2024
Assessed value
$16,989,690
Assessed 2024
Previous assessed
$18,394,220
-7.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$5,747,860
Assessed improvement
$11,241,830
Land market value
$5,747,860
Improvement market value
$11,241,830
Total market value
$16,989,690
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
98,657 SF
Lot
7.76 ac (337,991 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
093-2-01-0001
UPID
US87-1973810
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Alexandria, VAZoning C-6(COMMUNITY RETAIL) · permitted uses
C-6(COMMUNITY RETAIL) · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$34.2M
INDUSTRIAL (GENERAL)
Est. value
$33.6M
WAREHOUSE, STORAGE
Est. value
$33.5M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1959
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
7.76 ac
Current owner
From public records · entity-resolved
Benenson Investment Co
Entity
Free & Clear · 10 yrs held
Mailing address
708 3RD AVE FL, NEW YORK, NY 10017-4201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2017
—
Belleview Sc Collc
—
Grant Deed
related
$10,400,000 · First Va Cmnty Bk
Feb 17, 2016
—
Benenson Investment Co
Benenson Equities Co
Quit Claim Deed
related
—
Sep 28, 2011
—
Belleview Sc Co LLC
—
Deed Of Trust
related
$3,760,000 · Principal Life Insurance Co
Oct 19, 2009
—
Belleview Sc Co LLC
—
Deed Of Trust
related
$20,000,000 · Principal Life Insurance Co
Oct 16, 2008
—
Belleview Sc Co LLC
—
Trustees Deed
related
$1,024,524 · Principal Life Insurance Co
Oct 31, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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