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Property profile & analytics
OFF-MARKET
Estimated value
$42,720,000
Warehouses
3640 Wheeler Ave Alexandria, VA 22304-6403
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-0889335
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2017
Total area
132,423 SF
Lot
2 ac (87,120 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
50640100
UPID
US87-0889335
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.72M
Owner & transaction history
Ps Southeast One 2021 LLC · 5 yrs held
Ps Southeast One 2021 LLC
since 2021
Last sale
$55.4M
5 recorded transactions
Zoning & alternative use
I - INDUSTRIAL ZONE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$69.0M
+53.6%
Office building
$45.9M
+2.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$44,935,000
Current use
RETAIL STORES
$69,035,000
Change: +54% · Conversion: Moderate
OFFICE BUILDING
$45,930,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$42.72M
Range $38.45M – $46.99M · ±10% · vs last sale $55.36M (Apr 28 2021)
Last sale anchor
$55.36M
Apr 28 2021
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
$323 / 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
$497,336
Tax year 2023
Assessed value
$44,805,000
Assessed 2023
Previous assessed
$42,894,000
+4.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$6,098,400
Assessed improvement
$38,706,600
Land market value
$6,098,400
Improvement market value
$38,706,600
Total market value
$44,805,000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2017
Heating
OTHER
Cooling
OTHER
Buildings
2
Stories
5
Total area
132,423 SF
Lot
2 ac (87,120 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
50640100
UPID
US87-0889335
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
$44.9M
RETAIL STORES
Est. value
$69.0M
OFFICE BUILDING
Est. value
$45.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
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
2017
Heating
OTHER
Cooling
Yes
Stories
5
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Ps Southeast One 2021 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2021
$55,355,458
Ps Southeast One 2021 LLC
Wheeler Land Lllp
Special Warranty Deed
—
Sep 20, 2016
—
Wheeler Land Lllp
—
Deed Of Trust
related
$12,150,000 · Pnc Bk
Nov 20, 2015
$4,587,500
Wheeler Land Lllp
Jbj LLC
Grant Deed
—
Dec 23, 2009
—
Jbj LLC
—
Loan Modification
related
$2,802,640 · Virginia Commerce Bank
—
—
Jbj LLC
—
Deed Of Trust
related
$1,750,000 · Virginia Commerce 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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