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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Hotels
220 Un St Alexandria, VA 22314-3326
Individually Owned
1-yr Hold
Free & Clear
Property ID
US87-3299027
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2015
Total area
75,644 SF
Lot
0.49 ac (21,344 SF)
Zoning code
W-1 - WATERFRONT MIXED US
APN
12716500
UPID
US87-3299027
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
-
Colonial Parking Parking Lot & Garage
-
Eatgoodfoodgroup Restaurant
-
Lot 887 Parking Lot & Garage
-
Hotel Indigo Old Town Alexandria, an IHG Hotel Hotel & Motel
-
Hummingbird Bar and Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.54M
Owner & transaction history
Carr 220 South Union Street Owner L · 1 yrs held
Carr 220 South Union Street Owner L
since 2024
4 recorded transactions
Zoning & alternative use
W-1 - WATERFRONT MIXED US · 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
$1,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,360,000
Current use
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$20 / 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
$178,763
Tax year 2024
Assessed value
$15,750,000
Assessed 2024
Previous assessed
$15,750,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$9,075,000
Assessed improvement
$6,675,000
Land market value
$9,075,000
Improvement market value
$6,675,000
Total market value
$15,750,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Cooling
YES
Stories
5
Rooms
120
Total area
75,644 SF
Lot
0.49 ac (21,344 SF)
Zoning code
W-1 - WATERFRONT MIXED US
APN
12716500
UPID
US87-3299027
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
W-1 - WATERFRONT MIXED US · Alexandria, VA
Zoning W-1 - WATERFRONT MIXED US · permitted uses
W-1 - WATERFRONT MIXED US · 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
HOTEL/MOTEL Current
Est. value
$1.4M
HOTEL/MOTEL Current
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
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
5
Rooms
120
Lot
0.49 ac
Current owner
From public records · entity-resolved
Carr 220 South Union Street Owner L
Individual
Free & Clear · 1 yrs held
Mailing address
1455 PENNSYLVANIA AVE NW STE #800, WASHINGTON, DC 20004-1029
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Carr 220 South Union Street Owner L
Carr 220 South Union Street LLC
Special Warranty Deed
—
Apr 30, 2014
$6,000,000
Carr 220 South Union Street Ll
Cummings Investment Assocs INC
Grant Deed
—
—
—
Carr 220 South Union Street Ll
—
Deed Of Trust
related
$28,000,000 · Bank Of America
—
—
Carr 220 S Union Street LLC
—
Deed Of Trust
related
$28,250,000 · Sandy Spring Bk
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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