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Property profile & analytics
OFF-MARKET
Estimated value
$5,615,000
Warehouses
400 Calvert Ave Alexandria, VA 22301-1009
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-1023066
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1961
Total area
22,126 SF
Lot
0.56 ac (24,394 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
14097500
UPID
US87-1023066
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.64M
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$6.39M
Blend (final)
Blend
$5.62M
Owner & transaction history
326-376 Calvert Avenue LLC · 4 yrs held
326-376 Calvert Avenue LLC
since 2022
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
I - INDUSTRIAL ZONE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.7M
+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
$5,040,000
ML approach
$5,640,000
CAP Approach
CAP Return
Estimation
6%
$4,155,000
6.5%
$3,835,000
7%
$3,565,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,510,000
Current use
OFFICE BUILDING
$7,675,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$5.62M
Range $5.05M – $6.18M · ±10% · vs last sale $5.50M (Feb 16 2022)
Last sale anchor
$5.50M
Feb 16 2022
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
$254 / 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
$48,163
Tax year 2023
Assessed value
$4,339,000
Assessed 2023
Previous assessed
$2,667,210
+62.7% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,667,210
Assessed improvement
$1,671,790
Land market value
$2,667,210
Improvement market value
$1,671,790
Total market value
$4,339,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
22,126 SF
Lot
0.56 ac (24,394 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
14097500
UPID
US87-1023066
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
$7.5M
OFFICE BUILDING
Est. value
$7.7M
WAREHOUSE, STORAGE Current
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
1961
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
326-376 Calvert Avenue LLC
Entity
Mailing address
1530 WILSON BLVD STE #200, ARLINGTON, VA 22209-2447
Ownership since
2022
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
Feb 16, 2022
$5,500,000
326-376 Calvert Avenue LLC
Ot Calvert Sub LLC
Special Warranty Deed
$3,850,000 · Sandy Spring Bank
Oct 15, 2021
—
Ot Calvert Sub LLC
Oakville Triangle Owner LLC
Special Warranty Deed
—
Apr 26, 2016
—
Bre Of Dp Alexandria Prop Owner L
Bre Of Dp Alexandria LLC
Quit Claim Deed
related
—
Jun 29, 2012
$43,800,000
Bre Of Dp Alexandria LLC
Clp Industrial Properties LLC
Grant Deed
—
Feb 28, 1990
$26,250,000
G & E Oakville % Grubb & Ellis
Owner Name Unavailable
Grant Deed
related
—
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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