Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5916 Richmond Hwy Alexandria, VA 22303-1856

    • Motels
    • 11,868 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2022
    $3,200,000
    Value Estimations
    $3,150,000
    Show details
    Cap Rate Potential
    3.7%
    Motels
    Location Intelligence
    Property ID
    US87-0844562
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Budget Host Alexandria / Hotel & Motel
    • Cozy Stay near the Heart of Alexandria / Hotel & Motel
    • Travelers Motel/ Budget Host Alexandria / Hotel & Motel

    Property Details for 5916 Richmond Hwy

    Year built
    1953
    Construction
    BRICK
    Lot size
    0.81 lot acres
    Property size
    11,868 SF
    Zone code
    C-8(HIGHWAY COMMERCIAL)
    Property type
    Motels
    APN
    083-4-01-0002
    APU
    834010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,930,000
      ML approach
      $3,275,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,065,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,375,000
      Change: +112% Conversion: Difficult
      OFFICE BUILDING
      $4,115,000
      Change: +99% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,035,000
      Change: +95% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0617
    Latitude
    38.7909
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,602
    $741,320
    $240,520
    $981,840
    -
    $741,320
    $240,520
    $981,840

    Comparable in this City

    • Value Estimation
      $2,370,000
      31,194 SF

      6027 Richmond Hwy

      MOTEL • 31,194 SF
      6027 Richmond Hwy, Alexandria, VA 22303-2101
      View Details
    • Value Estimation
      $1,560,000
      18,784 SF

      6001 Richmond Hwy

      MOTEL • 18,784 SF
      6001 Richmond Hwy, Alexandria, VA 22303-2101
      View Details
    • Value Estimation
      $655,000
      7,003 SF

      5963 Richmond Hwy

      MOTEL • 7,003 SF
      5963 Richmond Hwy, Alexandria, VA 22303-1804
      View Details
    • Value Estimation
      $3,505,000
      46,656 SF

      6100 Richmond Hwy

      MOTEL • 46,656 SF
      6100 Richmond Hwy, Alexandria, VA 22303-2316
      View Details
    • Value Estimation by Request
      16,061 SF

      6140 Richmond Hwy

      MOTEL • 16,061 SF
      6140 Richmond Hwy, Alexandria, VA 22303-2316
      View Details
    • Value Estimation
      $3,015,000
      28,800 SF

      5975 Richmond Hwy

      HOTEL • 28,800 SF
      5975 Richmond Hwy, Alexandria, VA 22303-1804
      View Details

    Similar Nearby for Sale

    • $5,200,000

      Hotel/Motel Property For Sale

      Hotel/Motel property in great location near public transportation.
      6001 Richmond Hwy, Alexandria, VA 22303
      View Details
    • $583,000

      Alexandria Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      2101 Farrington Ave, Alexandria, VA 22303
      View Details
    • $575,000

      Alexandria Specialty Property For Sale

      Specialty property available for sale in Alexandria, Virginia.
      5824 Fifer Dr, Alexandria, VA 22303
      View Details
    • $315,000

      Midtown Alexandria Condo Near Metro

      Bright, updated condo with amenities and convenient access to transportation.
      2451 Midtown Ave Ave, Alexandria, VA 22303
      View Details
    • $5,200,000
      113,256 SF

      Prime Alexandria Commercial Land

      High-traffic location, multiple uses.
      6001 Richmond Hwy, Alexandria, VA 22303
      View Details
    • $949,000
      9,946 SF

      High-Traffic Alexandria Commercial Lot

      Prime location, versatile zoning, ample parking.
      6150 Richmond Hwy, Alexandria, VA 22303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,561 SF

      Alexandria Retail Space For Rent

      2,561 SF retail space with high traffic visibility.
      2005 Huntington Ave, Alexandria, VA 22303
      View Details
    • Contact for pricing
      757 SF

      Retail Space in Mixed-Use Development

      Retail space in a mixed-use development with residential units.
      6218 N Kings Hwy, Alexandria, VA 22303
      View Details
    • Contact for pricing
      42,500 SF

      South Alex Retail Space Available

      Prime Alexandria retail space, multiple units.
      2803 Poag St, Alexandria, VA 22303
      View Details
    • $23 SF/Yr
      58,000 SF

      Alexandria Office Space For Lease

      58,000 square foot office space available for lease.
      2560 Huntington Ave, Alexandria, VA 22303
      View Details
    • Contact for pricing
      1,950 SF

      Richmond Highway Retail/Flex Space

      Retail/flex space on Richmond Highway, Alexandria, near Huntington Metro.
      6328 Richmond Hwy, Alexandria, VA 22303
      View Details
    • $22 SF/Yr
      83,742 SF

      Alexandria Office Space For Lease

      Office space available for lease in Alexandria, Virginia.
      5904 Richmond Hwy, Alexandria, VA 22303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5916 Richmond Hwy
    Alexandria, VA 22303-1856
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.