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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Warehouses
3221 Colvin St Alexandria, VA 22314-4504
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-1072066
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
9,300 SF
Lot
0.25 ac (10,890 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
19424000
UPID
US87-1072066
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
-
McClelland Press Inc (Bike/Boat/Book/etc) Store Printing Service
-
Bindery Plus Letterpress, LLC (Bike/Boat/Book/etc) Store Printing Service
-
Iglesia De Dios Pentecostes Fuente De Vida Church
-
Tisu Airfreight Freight Service Logistics Company
-
DiverseChecks, formally DiversiForm Software Compatible Checks Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.39M
Owner & transaction history
3219 Colvin Street LLC · 3 yrs held
3219 Colvin Street LLC
since 2023
Last sale
$2.4M
1 recorded transaction
Zoning & alternative use
I - INDUSTRIAL 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
$2,460,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,155,000
Current use
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.35M (Jun 8 2023)
Last sale anchor
$2.35M
Jun 8 2023
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
$257 / 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
$20,713
Tax year 2023
Assessed value
$1,866,000
Assessed 2023
Previous assessed
$1,800,176
+3.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$598,125
Assessed improvement
$1,267,875
Land market value
$598,125
Improvement market value
$1,267,875
Total market value
$1,866,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
OTHER
Cooling
OTHER
Stories
1
Bathrooms
3
Total area
9,300 SF
Lot
0.25 ac (10,890 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
19424000
UPID
US87-1072066
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I - INDUSTRIAL ZONE · Alexandria, VA
Zoning I - INDUSTRIAL ZONE · permitted uses
I - INDUSTRIAL ZONE · 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
WAREHOUSE, STORAGE Current
Est. value
$3.2M
WAREHOUSE, STORAGE 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
1970
Heating
OTHER
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
3219 Colvin Street LLC
Entity
Mailing address
6353 ROLLING RDB, SPRINGFIELD, VA 22152-2426
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2023
$2,350,000
3219 Colvin Street LLC
3221 Colvin Street Partnership LLC
Special Warranty Deed
$1,500,000 · Mainstreet Bank
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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