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    6001 Richmond Hwy Alexandria, VA 22303
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    6001 Richmond Hwy, Alexandria, VA 22303

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    • Motels
    • 18,784 SF
    • 2.54 lot acres
    For Sale
    $5,200,000
    View Listing →
    Commercial Land For Sale For Sale
    $5,200,000
    2.54 Acres

    Commercial Land For Sale

    Commercial land with hotel/motel zoning near public transportation.

    6001 RICHMOND HIGHWAY, Alexandria, VA 22303
    View Listing
    Property ID
    US87-1090193
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brookside Motel / Hotel & Motel

    Property Details for 6001 Richmond Hwy

    Year built
    1953
    Construction
    BRICK
    Lot size
    2.54 lot acres
    Zone code
    COMM (W/ RES/APT ZONING)
    Property type
    Motels
    APN
    083-3-01-0059
    APU
    833010059

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 21, 2020 — M Heidar Saleh — Deed · related $900k · Robert K Harwood Lc
    Apr 20, 2020 — M Heidar Saleh — Deed · related $900k · Robert K Harwood Lc
    Jan 15, 2013 $350,000 M Heidar Saleh Saleh,salah M Grant Deed · related —
    — — M Heidar Saleh — Loan Modification · related $745k · United Bank
    — — M Heidar Saleh — Deed Of Trust · related $900k · Robert K Harwood Lc
    — — M Heidar Saleh — Deed Of Trust · related $900k · Robert K Harwood Lc

    Description

    This exceptional 2.54-acre commercial property, located at 6001 Richmond Highway in Alexandria, Virginia, presents a unique investment opportunity. Boasting a substantial 113,256 square feet of land, the property is ideally situated for a variety of commercial ventures. Currently zoned for hotel/motel use, the possibilities are extensive and adaptable to suit diverse business plans. Its prime location offers unparalleled accessibility, being steps away from various public transportation options, ensuring convenient commutes for employees and customers alike. The property's proximity to major thoroughfares, including I-95 and I-495, provides exceptional connectivity to the broader region, maximizing exposure and accessibility for any commercial enterprise. The high-traffic location guarantees significant visibility and potential for substantial foot traffic, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. This is a rare opportunity to acquire a large, well-located parcel of land with significant development potential in a highly desirable location. The asking price for this exceptional property is $5,200,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $990,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0664
    Latitude
    38.7871
    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
    $30,580
    $1,624,930
    $757,610
    $2,382,540
    -
    $1,624,930
    $757,610
    $2,382,540

    Comparable in this City

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      $3,150,000
      11,868 SF

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      5916 Richmond Hwy, Alexandria, VA 22303-1856
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    • Value Estimation
      $2,370,000
      31,194 SF

      6027 Richmond Hwy

      MOTEL
      6027 Richmond Hwy, Alexandria, VA 22303-2101
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    • Value Estimation
      $655,000
      7,003 SF

      5963 Richmond Hwy

      MOTEL
      5963 Richmond Hwy, Alexandria, VA 22303-1804
      View Details
    • Value Estimation by Request
      16,061 SF

      6140 Richmond Hwy

      MOTEL
      6140 Richmond Hwy, Alexandria, VA 22303-2316
      View Details
    • Value Estimation
      $3,505,000
      46,656 SF

      6100 Richmond Hwy

      MOTEL
      6100 Richmond Hwy, Alexandria, VA 22303-2316
      View Details
    • Value Estimation
      $3,015,000
      28,800 SF

      5975 Richmond Hwy

      HOTEL
      5975 Richmond Hwy, Alexandria, VA 22303-1804
      View Details

    Similar Nearby for Sale

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      Commercial Land For Sale

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      Prime Alexandria Commercial Land

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      Land Approved for Office Building

      Vacant land approved for a 14,444 SF office building.
      Burgundy Rd, Fairfax, VA 22303
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      Alexandria Retail Space For Rent

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      Alexandria Office Space For Lease

      Office space available for lease in Alexandria, Virginia.
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      Alexandria Office Space For Rent

      Office space with easy access to transportation and amenities.
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      Alexandria Office Space For Rent

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    View Listing
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    Alexandria, VA 22303
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    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.

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