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Property profile & analytics
FOR LEASE
Office buildings
1920 Ballenger Ave Alexandria, VA 22314
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-0759412
For Lease
1 / 3
$35 SF/Yr
1920 Ballenger Ave, Alexandria, VA 22314
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
61,642 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CDD#1 - COORDINATED DEVEL
APN
50686280
UPID
US87-0759412
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
-
Vertical Aviation International Association / Organization
-
Beth Goldberg Physician
-
Young You Physician
-
Daniel Weingold Pediatrician Physician
-
Dr. Daniel Thompson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.55M
Comparable Approach
Comparable
$9.30M
Blend (final)
Blend
$12.52M
Owner & transaction history
Hai 1920 Ballenger LLC · 14 yrs held
Hai 1920 Ballenger LLC
since 2012
5 recorded transactions
Zoning & alternative use
CDD#1 - COORDINATED DEVEL · 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%
$14,675,000
6.5%
$13,545,000
7%
$12,575,000
Blend value · Realmo final
$12.52M
Range $11.27M – $13.77M · ±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
$203 / 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
$190,798
Tax year 2023
Assessed value
$17,189,000
Assessed 2023
Previous assessed
$17,189,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,176,855
Assessed improvement
$14,012,145
Land market value
$3,176,855
Improvement market value
$14,012,145
Total market value
$17,189,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2008
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
61,642 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CDD#1 - COORDINATED DEVEL
APN
50686280
UPID
US87-0759412
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CDD#1 - COORDINATED DEVEL · Alexandria, VA
Zoning CDD#1 - COORDINATED DEVEL · permitted uses
CDD#1 - 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.
Building & site characteristics
From public records
Year built
2008
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Hai 1920 Ballenger LLC
Entity
Mailing address
1920 BALLENGER AVE, ALEXANDRIA, VA 22314-6913
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2012
—
Hai 1920 Ballenger LLC
1920 Ballenger Avenue LLC
Quit Claim Deed
related
$14,000,000 · No Lender On Document
Apr 11, 2012
$17,091,200
Hai 1920 Ballenger LLC
1920 Ballenger Avenue LLC
Grant Deed
related
—
Oct 20, 2009
—
1900 Ballenger Avenue LLC
1920 Ballenger Avenue LLC
Grant Deed
related
—
Apr 3, 2008
—
1900 Ballenger Avenue LLC
Lcor Ballenger Avenue LLC
Grant Deed
related
—
Jun 20, 2007
—
1900 Ballenger Ave LLC
Lcor Ballenger Ave LLC
Grant 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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