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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Office Spaces
515 Braddock Rd Alexandria, VA 22314-2161
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1318024
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1986
Total area
9,582 SF
Zoning code
CRMU-H - COMM/RESD MIXED
APN
50629200
UPID
US87-1318024
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
-
Brighter New Life, LLC Crisis Center Medical Clinic
-
Spill The Tea Cafe & Coffee Shop
-
Organic Honey Care Spa Spa & Massage Center Skin Care Clinic
-
CHLLNG Payroll Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.11M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.29M
Owner & transaction history
A LP · 13 yrs held
A LP
since 2013
6 recorded transactions
Zoning & alternative use
CRMU-H - COMM/RESD MIXED · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,280,000
6.5%
$2,105,000
7%
$1,955,000
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10%
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
$238 / 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
$34,526
Tax year 2023
Assessed value
$3,110,427
Assessed 2023
Previous assessed
$3,110,427
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,006,685
Assessed improvement
$2,103,742
Land market value
$1,006,685
Improvement market value
$2,103,742
Total market value
$3,110,427
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1986
Heating
OTHER
Cooling
OTHER
Total area
9,582 SF
Zoning code
CRMU-H - COMM/RESD MIXED
APN
50629200
UPID
US87-1318024
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CRMU-H - COMM/RESD MIXED · Alexandria, VA
Zoning CRMU-H - COMM/RESD MIXED · permitted uses
CRMU-H - COMM/RESD MIXED · 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.
Building & site characteristics
From public records
Year built
1986
Heating
OTHER
Cooling
Yes
Current owner
From public records · entity-resolved
A LP
Entity
Mailing address
507 WYTHE ST, ALEXANDRIA, VA 22314-1917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2013
—
A LP
—
Deed Of Trust
related
$2,450,000 · Virginia Commerce Bank
Jun 29, 2011
—
A LP
—
Deed Of Trust
related
$1,700,000 · Virginia Commerce Bank
Nov 3, 2009
—
A
—
Trustees Deed
related
$500,000 · Burke & Herbert Bank & Trust
—
—
A & A LP
—
Deed Of Trust
related
$250,000 · United Bk
—
—
A & A LP
—
Deed Of Trust
related
$1,900,000 · Burke & Herbert Bk&tr
—
—
A LP
—
Deed Of Trust
related
$290,000 · United Bk
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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