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

    6034 Richmond Hwy Alexandria, VA 22303-2153

    • High-rise multifamily apartments
    • 208,466 SF
    • 4.75 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2021
    $156,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0849461
    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

    • Hunington metron / Apartment Building
    • Cityside Huntington Metro Apartments / Real Estate Agency
    • VA Roofing Repairs & Installations / Roofing Company / General Contractor

    Property Details for 6034 Richmond Hwy

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    4.75 lot acres
    Property size
    208,466 SF
    Zone code
    R-30(RESIDENTIAL 30 DU/AC
    Property type
    High-rise multifamily apartments
    APN
    083-3-01-0090
    APU
    833010090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0696
    Latitude
    38.7872
    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
    $506,787
    $8,332,800
    $35,412,270
    $43,745,070
    -
    $8,332,800
    $35,412,270
    $43,745,070

    Comparable in this City

    • Value Estimation by Request
      1,278,930 SF

      5860 Cameron Run Ter

      HIGH-RISE APARTMENTS • 1,278,930 SF
      5860 Cameron Run Ter, Alexandria, VA 22303-2756
      View Details
    • Value Estimation by Request
      352,103 SF

      6036 Richmond Hwy

      HIGH-RISE APARTMENTS • 352,103 SF
      6036 Richmond Hwy, Alexandria, VA 22303-2154
      View Details
    • Value Estimation by Request

      Alexandria, VA 22303

      APARTMENT HOUSE (5+ UNITS)
      Alexandria, VA 22303
      View Details
    • Value Estimation by Request
      273,360 SF

      5963 Grand Pavilion Wayc1

      GARDEN APT, COURT APT (5+ UNITS) • 273,360 SF
      5963 Grand Pavilion Wayc1, Alexandria, VA 22303-2268
      View Details
    • Value Estimation
      $8,065,000
      0.37 Acres

      2322 Glendale Ter

      GARDEN APT, COURT APT (5+ UNITS) • 0.37 Acres
      2322 Glendale Ter, Alexandria, VA 22303-1920
      View Details
    • Value Estimation by Request
      244,229 SF

      6200 Kings Hwy

      GARDEN APT, COURT APT (5+ UNITS) • 244,229 SF
      6200 Kings Hwy, Alexandria, VA 22303-2900
      View Details

    Similar Nearby for Sale

    • $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
    • $520,000

      Luxury High-Rise Condo Near Metro

      2BR/2BA condo with amenities near Huntington Metro.
      2451 Midtown Ave, Alexandria, VA 22303
      View Details
    • $589,000
      1,116 SF

      Updated Townhouse Near Huntington Metro

      Charming 2-bedroom townhouse with recent updates and convenient location.
      2109 Arlington Ter, Alexandria, VA 22303
      View Details
    • $650,000

      Renovated Home Near Huntington Metro

      Renovated home near Huntington Metro with chef’s kitchen and oasis backyard.
      2723 Fort Dr, 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
    • $583,000

      Alexandria Specialty Property For Sale

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

    Similar Nearby for Lease

    • $1,900 /Mo

      Updated Condo Near Huntington Metro

      Modern one-bedroom condo with amenities and convenient location.
      2059 Huntington Ave, Alexandria, VA 22303
      View Details
    • $2,400 /Mo
      1,005 SF

      Upgraded Apartment with Private Balcony

      Move-in ready apartment featuring upgrades and abundant amenities.
      5903 Mount Eagle Dr, Alexandria, VA 22303
      View Details
    • 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
    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.
    6034 Richmond Hwy
    Alexandria, VA 22303-2153
    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.