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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Retail space
191 Somervelle St RS Alexandria, VA 22304-8211
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US87-1274722
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
6,641 SF
Lot
0.15 ac (6,641 SF)
Zoning code
CDD#9 - COORDINATED DEVEL
APN
50698450
UPID
US87-1274722
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
-
J. Gerald Hebert Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$3.28M
Owner & transaction history
Main Street Retail Lc · 21 yrs held
Main Street Retail Lc
since 2005
7 recorded transactions
Zoning & alternative use
CDD#9 - COORDINATED DEVEL · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+47.9%
Commercial (general)
$3.7M
+7.8%
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%
$3,705,000
6.5%
$3,420,000
7%
$3,175,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,460,000
Current use
RESTAURANT
$5,120,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,735,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±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
$494 / 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
$27,849
Tax year 2023
Assessed value
$2,508,938
Assessed 2023
Previous assessed
$2,459,743
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$990,464
Assessed improvement
$1,518,474
Land market value
$990,464
Improvement market value
$1,518,474
Total market value
$2,508,938
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
6,641 SF
Lot
0.15 ac (6,641 SF)
Zoning code
CDD#9 - COORDINATED DEVEL
APN
50698450
UPID
US87-1274722
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CDD#9 - COORDINATED DEVEL · Alexandria, VA
Zoning CDD#9 - COORDINATED DEVEL · permitted uses
CDD#9 - COORDINATED DEVEL · 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
RETAIL STORES Current
Est. value
$3.5M
RESTAURANT
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2000
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Main Street Retail Lc
Individual
Mailing address
1010 PENDLETON ST, ALEXANDRIA, VA 22314-1837
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2005
$672,000
Main Street Retail Lc
Rocky Gorge At Main Street LLC
Grant Deed
related
$585,000 · Virginia Commerce Bank
Jan 19, 2005
—
Rocky Gorge At Main Street Lc
Owner Name Unavailable
Grant Deed
related
—
—
—
Gwendolyn B Lewis
—
Deed Of Trust
related
$380,000 · American Mortgage Express Fina
—
—
Ashish Arora
—
Deed Of Trust
related
$100,000 · National Inst Of Health Cu
—
—
Peggy Mc Grath
—
Deed Of Trust
related
$80,000 · Lasalle National Bank
—
—
Charles Lyles
—
Deed Of Trust
related
$196,500 · American Home Mtg Acceptance
—
—
Main Street Retail Lc
—
Loan Modification
related
$1,000,000 · Virginia Commerce 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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