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Property profile & analytics
OFF-MARKET
Estimated value
$40,565,000
Office buildings
3030 Potomac Ave Alexandria, VA 22305-3087
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2414507
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
115,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CDD#10 - COORDINATED DEVE
APN
60032500
UPID
US87-2414507
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
-
Foundation For Physical Therapy Research Charitable Organization Social Service Agency
-
Colonial Parking Parking Lot & Garage
-
PTPAC Association Or Organization
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
BBQ 🍗 Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.27M
Comparable Approach
Comparable
$51.20M
Blend (final)
Blend
$40.57M
Owner & transaction history
APTA CENTENNIAL PROPERTIES LLC
APTA CENTENNIAL PROPERTIES LLC
Zoning & alternative use
CDD#10 - COORDINATED DEVE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$64.6M
+62.1%
Retail stores
$60.0M
+50.3%
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%
$27,375,000
6.5%
$25,270,000
7%
$23,465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$39,890,000
Current use
COMMERCIAL (GENERAL)
$64,645,000
Change: +62% · Conversion: Easy
RETAIL STORES
$59,950,000
Change: +50% · Conversion: Moderate
WAREHOUSE, STORAGE
$39,025,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$40.57M
Range $36.51M – $44.62M · ±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
$353 / 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
$444,932
Tax year 2023
Assessed value
$40,084,000
Assessed 2023
Previous assessed
$45,066,000
-11.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,417,200
Assessed improvement
$34,666,800
Land market value
$5,417,200
Improvement market value
$34,666,800
Total market value
$40,084,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2019
Heating
ZONE
Cooling
OTHER
Stories
7
Total area
115,000 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CDD#10 - COORDINATED DEVE
APN
60032500
UPID
US87-2414507
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CDD#10 - COORDINATED DEVE · Alexandria, VA
Zoning CDD#10 - COORDINATED DEVE · permitted uses
CDD#10 - COORDINATED DEVE · 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
OFFICE BUILDING Current
Est. value
$39.9M
COMMERCIAL (GENERAL)
Est. value
$64.6M
RETAIL STORES
Est. value
$60.0M
WAREHOUSE, STORAGE
Est. value
$39.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2019
Heating
ZONE
Cooling
Yes
Stories
7
Lot
0.46 ac
Current owner
From public records · entity-resolved
APTA CENTENNIAL PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1111 N FAIRFAX ST, ALEXANDRIA, VA 22314-1484
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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