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Property profile & analytics
OFF-MARKET
Estimated value
$24,025,000
Assisted living facilities
2729 King St Alexandria, VA 22302-4008
Entity Owned
6-yr Hold
Free & Clear
Property ID
US87-0841744
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Total area
96,452 SF
Lot
3.84 ac (167,270 SF)
Zoning code
R 8 - SINGLE FAMILY ZONE
APN
15798000
UPID
US87-0841744
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
-
Woodbine Rehabilitation & Healthcare Center Rehabilitation Center Medical Center
-
KELLEY M MANAHAN Physician
-
Regina J. Kasun, ANP Physician
-
Heather Starbuck Physician
-
Joseph Ferraro Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$24.03M
Owner & transaction history
Woodbine Property 1 LLC · 6 yrs held
Woodbine Property 1 LLC
since 2020
Last sale
$22.6M
2 recorded transactions
Zoning & alternative use
R 8 - SINGLE FAMILY ZONE · 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
$26,875,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$22,250,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$21,620,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,115,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,780,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$24.03M
Range $21.62M – $26.43M · ±10% · vs last sale $22.60M (Jan 6 2020)
Last sale anchor
$22.60M
Jan 6 2020
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
$249 / 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
$307,137
Tax year 2023
Assessed value
$27,670,000
Assessed 2023
Previous assessed
$26,100,000
+6.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$16,885,000
Assessed improvement
$10,785,000
Land market value
$16,885,000
Improvement market value
$10,785,000
Total market value
$27,670,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Heating
ZONE
Cooling
OTHER
Stories
3
Total area
96,452 SF
Lot
3.84 ac (167,270 SF)
Zoning code
R 8 - SINGLE FAMILY ZONE
APN
15798000
UPID
US87-0841744
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R 8 - SINGLE FAMILY ZONE · Alexandria, VAZoning R 8 - SINGLE FAMILY ZONE · permitted uses
R 8 - SINGLE FAMILY ZONE · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$22.3M
OFFICE BUILDING
Est. value
$21.6M
COMMERCIAL (GENERAL)
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$16.8M
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Heating
ZONE
Cooling
Yes
Stories
3
Lot
3.84 ac
Current owner
From public records · entity-resolved
Woodbine Property 1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1608 RTE 88TH STE #301, BRICK, NJ 08724-3009
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2020
$22,600,000
Woodbine Property 1 LLC
Wrhc LLC
Grant Deed
—
—
—
Wrhc LLC
—
Deed Of Trust
related
$12,758,300 · Dougherty Mortgage LLC
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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