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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2001 Mount Vernon Ave Alexandria, VA 22301

    • Commercial real estate
    • 5,173 SF
    • 0.12 lot acres
    For Lease
    View listing
    Last Sale
    Jun 07, 2024
    $2,000,000
    Value Estimations
    $2,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1349395
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fueled & Fed Nutrition / Nutritionist / Dietitian
    • Four Directions Wellness, LLC / Health Consultant / Alternative Medicine Practitioner
    • Home Birth in Northern Virginia, DC, and Maryland / Midwife
    • Story Store Media / Video Production Service
    • C. May & Associates, LLC / Advertising Agency

    Property Details for 2001 Mount Vernon Ave

    Year built
    1924
    Lot size
    0.12 lot acres
    Property size
    5,173 SF
    Zone code
    CL - COMMERCIAL LOW ZONE
    Property type
    Commercial real estate
    APN
    13637000
    APU
    13637000

    Description

    This Alexandria, VA, Del Ray property at 2001 Mt. Vernon Avenue offers 15 executive office suites in a charming three-story building (5,173 total sq ft). Built in 1924 and renovated in 1990, the building boasts a convenient location on Mt. Vernon Ave, within walking distance of local businesses. Suite sizes range from a minimum of 50 sq ft to a maximum contiguous space of 260 sq ft, allowing for flexibility in tenant needs. Multiple tenancy options are available, with vacant space totaling 1,475 sq ft. The property features a 1.0 building FAR and sits on 0.12 acres of land. Amenities include all-inclusive monthly rent (covering utilities), weekly cleaning, mail service, unlimited conference room access, high-speed Verizon Fios Wi-Fi (1GB download/1GB upload), 24/7 access, complimentary coffee and tea, and a free trial day. Four off-street parking spaces are available on a first-come, first-served basis. The CL zoning allows for a variety of professional uses. "Virtual Office" leases are also available, providing a business address, mail service, and conference room access without a dedicated office space. The building is situated in the desirable Del Ray submarket of Alexandria, in Alexandria County, Virginia (zip code 22301). Minimum lease term is one year.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,000,000
      ML approach
      $2,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,505,000
      6.5%
      $1,390,000
      7%
      $1,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,470,000
      Market price range: $2.02M - $4.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,910,000
      Current use
      RETAIL STORES
      $2,695,000
      Change: -7% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria City
    State
    Virginia
    Longitude
    -77.058
    Latitude
    38.8241
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $441,652
    $1,192,980
    $1,634,632
    -
    $441,652
    $1,192,980
    $1,634,632

    Comparable in this City

    • Value Estimation
      $1,690,000
      7,599 SF

      1502 Mt Vernon Ave

      COMMERCIAL (GENERAL) • 7,599 SF
      1502 Mt Vernon Ave, Alexandria, VA 22301-1718
      View Details
    • Value Estimation
      $6,510,000
      30,007 SF

      2401 Mt Vernon Ave

      COMMERCIAL (GENERAL) • 30,007 SF
      2401 Mt Vernon Ave, Alexandria, VA 22301-1352
      View Details
    • Value Estimation by Request
      2,436 SF

      2100 Mt Vernon Ave

      COMMERCIAL (GENERAL) • 2,436 SF
      2100 Mt Vernon Ave, Alexandria, VA 22301-1312
      View Details
    • Value Estimation by Request
      1,113 SF

      Alexandria, VA 22301

      COMMERCIAL (GENERAL) • 1,113 SF
      Alexandria, VA 22301
      View Details
    • Value Estimation
      $920,000
      1,404 SF

      2104 Mt Vernon Ave

      COMMERCIAL (GENERAL) • 1,404 SF
      2104 Mt Vernon Ave, Alexandria, VA 22301-1312
      View Details
    • Value Estimation
      $795,000
      2,102 SF

      2705 12th Mt Vernon Ave

      COMMERCIAL (GENERAL) • 2,102 SF
      2705 12th Mt Vernon Ave, Alexandria, VA 22301-1123
      View Details

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    Similar Nearby for Lease

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      1,377 SF

      Del Ray Townhome with Patio

      Three-bedroom townhome in Del Ray with hardwood floors and patio.
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      View Details
    • Contact for pricing

      Retail Space in DelRay Neighborhood

      Prime retail space with prominent exposure and ample parking.
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      View Details
    • Contact for pricing
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      View Details
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      Semi-Detached Home in Rosemont

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      5,173 SF

      Del Ray Executive Office Suites

      15 Suites, 50-260 sq ft, All-inclusive
      2001 Mount Vernon Ave, Alexandria, VA 22301
      View Details
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    2001 Mount Vernon Ave
    Alexandria, VA 22301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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