Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2202 Mt Vernon Ave Alexandria, VA 22301-1396

    • Office Properties & Spaces
    • 3,300 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2022
    $885,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    5.8%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US87-0905154
    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

    • Hearts and Minds Health / Counselor / Mental Health Service
    • The Spitfire Club / Non-Profit Organization
    • Volunteer Alexandria / Non-Profit Organization / Volunteer Organization
    • Del Ray Chiropractic & Massage / Massage Therapist / Pain Control Clinic
    • Greener Cleaner of Del Ray / Dry Cleaner

    Property Details for 2202 Mt Vernon Ave

    Year built
    1990
    Lot size
    0.03 lot acres
    Property size
    3,300 SF
    Zone code
    CL - COMMERCIAL LOW ZONE
    Property type
    Office Properties & Spaces
    APN
    50618850
    APU
    50618850

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $810,000
      ML approach
      $895,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $869,000
      Market price range: $727k - $1.67M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,145,000
      Current use
      WAREHOUSE, STORAGE
      $1,120,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria City
    State
    Virginia
    Longitude
    -77.0587
    Latitude
    38.8255
    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
    $9,341
    $213,430
    $628,070
    $841,500
    -
    $213,430
    $628,070
    $841,500

    Comparable in this City

    • Value Estimation
      $1,000,000
      3,750 SF

      2200 Mt Vernon Ave

      CONDOMINIUM OFFICES • 3,750 SF
      2200 Mt Vernon Ave, Alexandria, VA 22301-1314
      View Details
    • Value Estimation
      $285,000
      1,080 SF

      2709 Mt Vernon Ave

      CONDOMINIUM OFFICES • 1,080 SF
      2709 Mt Vernon Ave, Alexandria, VA 22301-1123
      View Details
    • Value Estimation
      $405,000
      3,000 SF

      2210 Mt Vernon Ave

      CONDOMINIUM OFFICES • 3,000 SF
      2210 Mt Vernon Ave, Alexandria, VA 22301-1394
      View Details
    • Value Estimation
      $750,000
      1,080 SF

      2715 Mt Vernon Ave

      CONDOMINIUM OFFICES • 1,080 SF
      2715 Mt Vernon Ave, Alexandria, VA 22301-1123
      View Details
    • Value Estimation
      $2,825,000
      1,080 SF

      2721 Mt Vernon Ave

      CONDOMINIUM OFFICES • 1,080 SF
      2721 Mt Vernon Ave, Alexandria, VA 22301-1123
      View Details
    • Value Estimation
      $385,000
      3,750 SF

      2208 Mt Vernon Ave

      CONDOMINIUM OFFICES • 3,750 SF
      2208 Mt Vernon Ave, Alexandria, VA 22301-1314
      View Details

    Similar Nearby for Sale

    • $1,070,000
      1,439 SF

      Luxury Condo with Custom Features

      Light-filled two-bedroom condo with modern luxury and custom upgrades.
      737 Swann Ave, Alexandria, VA 22301
      View Details
    • $650,000
      943 SF

      Modern Condo in Potomac Yard

      Meticulously maintained 1 bed, 1.5 bath condo with den.
      701 Swann Ave, Alexandria, VA 22301
      View Details
    • $1,625,000

      Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      607 W View Ter, Alexandria, VA 22301
      View Details
    • $1,049,000

      Potomac Yard Luxury Townhome

      Stunning 2900 sq ft townhome near Old Town Alexandria.
      1910 Potomac Ave, Alexandria, VA 22301
      View Details
    • $750,000

      Charming Alexandria Home with Updates

      Updated three-level home near Old Town and Del Ray.
      333 Mount Vernon Ave, Alexandria, VA 22301
      View Details
    • $1,250,000
      2,118 SF

      Stylish Home with Modern Updates

      Updated home in sought-after neighborhood with modern amenities and flexible spaces.
      416 Duncan Ave, Alexandria, VA 22301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • $3,600 /Mo
      1,377 SF

      Del Ray Townhome with Patio

      Three-bedroom townhome in Del Ray with hardwood floors and patio.
      314 Hume Ave, Alexandria, VA 22301
      View Details
    • Contact for pricing

      Retail Space in DelRay Neighborhood

      Prime retail space with prominent exposure and ample parking.
      2809 Mount Vernon Ave, Alexandria, VA 22301
      View Details
    • Contact for pricing
      1,320 SF

      Prime Alexandria Retail Space

      1,320 SF Available, High Visibility
      2700 Richmond Hwy, Alexandria, VA 22301
      View Details
    • $3,800 /Mo

      Semi-Detached Home in Rosemont

      Three-level home near Metro stops and Old Town's King Street.
      21 E Oak St E, Alexandria, VA 22301
      View Details
    • Contact for pricing
      3,046 SF

      Alexandria Shopping Center Retail Space

      47,066 SF shopping center near National Landing, Alexandria, VA.
      3811-3831 Mount Vernon Ave, Alexandria, VA 22301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2202 Mt Vernon Ave
    Alexandria, VA 22301-1396
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.