Entity Owned
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For Sale
Contact for pricing
508 N Washington St, Alexandria, VA 22314
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1892
Total area
2,464 SF
Lot
0.1 ac (4,356 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
11691500
UPID
US87-0543374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$550k
Owner & transaction history
since 2021
3 recorded transactions
Zoning & alternative use
OC - OFFICE COMMERCIAL ZO · Alexandria, VA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 16 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$550k
Value range
$495k – $605k
±10% around blend
Estimated value / SF
$223 / SF
Confidence
High
16 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$495k
blend $550k
$605k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,464 SF
Lot area
0.1 ac
Year built
1892
Stories
2
APN
11691500
Zoning
OC - OFFICE COMMERCIAL ZO
Assessed value
$1,245,334
Annual tax
$13,823
3
Income approach: direct capitalization
Partial preview
Income approach indication
$540k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$585k
@ 6.5% CAP return
$540k
@ 7% CAP return
$505k
4
Sales comparison
Partial preview
Sales approach indication
$782k
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.3 mi away · 3,120 SF
11.3 mi away · 2,016 SF
11.4 mi away · 2,640 SF
11.6 mi away · 2,080 SF
12.0 mi away · 2,272 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$550k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 124 sales
$471
-53%
Submarket 261 sales
$347
-36%
County 155 sales
$430
-48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $223/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.80%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.80%
9.0%
NOI (est.)
$87k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.12M
Move the market yield to see immediate price impact.
Value / SF
$454
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.30%7.80%8.30%
$78k
$1.07M
$1.01M
$945k
$87k
$1.19M
$1.12M
$1.05M
$96k
$1.31M
$1.23M
$1.16M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$900k
6.6 mi · Mar 2026 · $507/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,823
Tax year 2023
Assessed value
$1,245,334
Assessed 2023
Previous assessed
$1,186,032
+5.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,096,678
Assessed improvement
$148,656
Land market value
$1,096,678
Improvement market value
$148,656
Total market value
$1,245,334
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1892
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
2,464 SF
Lot
0.1 ac (4,356 SF)
Zoning code
OC - OFFICE COMMERCIAL ZO
APN
11691500
UPID
US87-0543374
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
OC - OFFICE COMMERCIAL ZO · Alexandria, VAZoning OC - OFFICE COMMERCIAL ZO · permitted uses
OC - OFFICE COMMERCIAL ZO · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1892
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OC - OFFICE COMMERCIAL ZO
Jurisdiction
Alexandria, VA
Recorded code
OC - OFFICE COMMERCIAL ZO
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OC - OFFICE COMMERCIAL ZO in Alexandria, VA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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