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Property profile & analytics
OFF-MARKET
Estimated value
$3,175,000
Commercial real estate
3425 King St Alexandria, VA 22302-3022
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0647984
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Total area
8,350 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CG - COMMERCIAL GENERAL Z
APN
17547900
UPID
US87-0647984
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
-
King Dry Cleaners (Bike/Boat/Book/etc) Store
-
Mattress Warehouse of Alexandria - King Street Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.17M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.18M
Owner & transaction history
3425 LLC · 3 yrs held
3425 LLC
since 2023
Last sale
$3.1M
2 recorded transactions
Zoning & alternative use
CG - COMMERCIAL GENERAL Z · 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
$3,255,000
ML approach
$3,170,000
CAP Approach
CAP Return
Estimation
6%
$2,425,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,695,000
Current use
RETAIL STORES
$4,355,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.18M
Range $2.86M – $3.49M · ±10% · vs last sale $3.11M (Jan 13 2023)
Last sale anchor
$3.11M
Jan 13 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
$380 / 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
$20,724
Tax year 2023
Assessed value
$1,866,998
Assessed 2023
Previous assessed
$1,866,998
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,239,810
Assessed improvement
$627,188
Land market value
$1,239,810
Improvement market value
$627,188
Total market value
$1,866,998
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
8,350 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CG - COMMERCIAL GENERAL Z
APN
17547900
UPID
US87-0647984
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CG - COMMERCIAL GENERAL Z · Alexandria, VAZoning CG - COMMERCIAL GENERAL Z · permitted uses
CG - COMMERCIAL GENERAL Z · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1950
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
3425 LLC
Entity
Mailing address
7906 GEORGIA AVEST103, SILVER SPRING, MD 20910-4877
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$3,105,714
3425 LLC
Quaker Lane Properties LLC
Special Warranty Deed
$2,329,285 · Summit Community Bank INC
Dec 13, 2018
—
Quaker Lane Properties LLC
—
Deed
related
$2,050,000 · Eaglebank
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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