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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Office buildings
607 Washington St Alexandria, VA 22314-4109
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0142136
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1870
Total area
8,000 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
11283000
UPID
US87-0142136
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
-
Appraisals Guaranteed Real Estate Agency
-
Keller Williams Realty - Ernesto Sorto Real Estate Agency
-
Christina Wood Real Estate Agency
-
Phelan Realty Real Estate Agency
-
Ethical Homes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$6.60M
Owner & transaction history
Ap Virginia Holdings LLC · 3 yrs held
Ap Virginia Holdings LLC
since 2022
Last sale
$7.0M
3 recorded transactions
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+63.8%
Commercial (general)
$4.7M
+24.4%
Retail stores
$4.2M
+10.8%
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
$6,415,000
ML approach
$7,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,170,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,685,000
Change: +24% · Conversion: Easy
RETAIL STORES
$4,170,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±10% · vs last sale $7.00M (Oct 18 2022)
Last sale anchor
$7.00M
Oct 18 2022
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
$825 / 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
$46,846
Tax year 2023
Assessed value
$4,220,370
Assessed 2023
Previous assessed
$2,519,400
+67.5% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,088,450
Assessed improvement
$2,131,920
Land market value
$2,088,450
Improvement market value
$2,131,920
Total market value
$4,220,370
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1870
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
8,000 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
11283000
UPID
US87-0142136
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · Alexandria, VA
Zoning CL - COMMERCIAL LOW ZONE · permitted uses
CL - COMMERCIAL LOW ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.2M
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1870
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ap Virginia Holdings LLC
Entity
Mailing address
9328 CASTLE HL RD, SPRINGFIELD, VA 22153-3900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$7,000,000
Ap Virginia Holdings LLC
Corner Building LLC
Special Warranty Deed
$5,600,000 · Summit Community Bank INC
Aug 13, 2021
$2,500,000
Corner Building LLC
Stevens Companies LLC
Warranty Deed
$5,000,000 · Colony Bank
Jul 6, 2009
—
Stevens Companies LLC
—
Deed Of Trust
related
$1,275,000 · Virginia Commerce Bank
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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