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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Turn key restaurants
1623 Duke St Alexandria, VA 22314-3406
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-0801766
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
2,419 SF
Lot
0.31 ac (13,504 SF)
Zoning code
OCH - OFFICE COMMERCIAL H
APN
10045500
UPID
US87-0801766
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
-
Table Talk Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$560k
Owner & transaction history
Yates,jeffrey L Trust · 8 yrs held
Yates,jeffrey L Trust
since 2017
7 recorded transactions
Zoning & alternative use
OCH - OFFICE COMMERCIAL H · 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
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$232 / 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
$46,309
Tax year 2023
Assessed value
$4,172,000
Assessed 2023
Previous assessed
$3,972,950
+5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,905,344
Assessed improvement
$266,656
Land market value
$3,905,344
Improvement market value
$266,656
Total market value
$4,172,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,419 SF
Lot
0.31 ac (13,504 SF)
Zoning code
OCH - OFFICE COMMERCIAL H
APN
10045500
UPID
US87-0801766
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
OCH - OFFICE COMMERCIAL H · Alexandria, VA
Zoning OCH - OFFICE COMMERCIAL H · permitted uses
OCH - OFFICE COMMERCIAL H · 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
Lot
0.31 ac
Current owner
From public records · entity-resolved
Yates,jeffrey L Trust
Trust
Mailing address
2525 KING ST, ALEXANDRIA, VA 22301-2731
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
—
Yates,jeffrey L Trust
—
Deed
related
$5,000,000 · Mostafa Saberi-movahed
Sep 14, 2017
—
Yates,jeffrey L Trust
Yates,jeffrey
Quit Claim Deed
related
—
Jun 24, 2016
—
Jeffrey Yates
—
Trustees Deed
related
$550,000 · Mostafa Saberi-movahed
Jun 12, 2015
$5,000,000
Jeffrey Yates
Mostafa Saberi-movahed
Warranty Deed
$5,000,000 · Mostafa & Mary Saberi-movahed
—
—
Mostafa Saberi-movahed
—
Deed Of Trust
related
$3,000,000 · Cardinal Bank
—
—
Yates,jeffrey L Trust
—
Loan Modification
related
$5,000,000 · Mostafa Saberi-movahed
—
—
King Street Properties Lllp
—
Deed Of Trust
related
$3,000,000 · Burke & Herbert Bank & Trust
—
—
King Street Properties LLP
—
Deed Of Trust
related
$3,000,000 · Burke & Herbert Bank & Trust
—
—
Mostafa Saberi-movahed
—
Loan Modification
related
$4,449,089 · Cardinal 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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