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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Office buildings
616 Washington St Alexandria, VA 22314-4110
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0031706
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1870
Total area
1,260 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
11787000
UPID
US87-0031706
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
-
Friedman, Grimes, Meinken & Leischner PLLC Law Firm
-
Finnan's Moon Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$915k
Owner & transaction history
Hannah Clare Peterson · 2 yrs held
Hannah Clare Peterson
since 2023
Last sale
$898,500
7 recorded transactions
Zoning & alternative use
CL - COMMERCIAL LOW ZONE · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+24.4%
Retail stores
$655,000
+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
$940,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +24% · Conversion: Easy
RETAIL STORES
$655,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$915k
Range $966k – $986k · vs last sale $899k (Aug 7 2023)
Last sale anchor
$899k
Aug 7 2023
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
$726 / 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
$11,104
Tax year 2023
Assessed value
$1,000,332
Assessed 2023
Previous assessed
$1,000,332
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$892,331
Assessed improvement
$108,001
Land market value
$892,331
Improvement market value
$108,001
Total market value
$1,000,332
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
1,260 SF
Lot
0.09 ac (3,920 SF)
Zoning code
CL - COMMERCIAL LOW ZONE
APN
11787000
UPID
US87-0031706
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
OFFICE BUILDING Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING Current
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
0.09 ac
Current owner
From public records · entity-resolved
Hannah Clare Peterson
Individual
Mailing address
110 SUSSEX AVE, SPRING LAKE, NJ 07762-1215
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
$898,500
Hannah Clare Peterson
Sarah Lauren Berman
Warranty Deed
—
Aug 1, 2022
—
Bade LLC
—
Deed
related
$650,000 · Burke & Herbert Bank & Trust Company
Jun 8, 2022
—
Bade LLC
Rebecca Janet Wade
Deed
—
Jul 27, 2020
$777,500
Sarah Lauren Berman
Daniel A Twomey
Warranty Deed
$622,000 · Truist Bank
Jul 12, 2017
$5,000
Wade,rebecca J Trust
Sutter,matthew T & Alexis
Grant Deed
—
Dec 2, 2005
$865,000
Daniel A Twomey
Hall,charles
Warranty Deed
related
$692,000 · First Horizon Home Loan Corp
Aug 15, 2005
$575,000
Charles Hall
Hyland,gerald W
Warranty Deed
related
$535,000 · Burke & Herbert Bank & Trust
—
—
Daniel A Twomey JR.
—
Deed Of Trust
related
$90,000 · First Horizon Home Loan Corp
—
—
Daniel A Twomey JR.
—
Deed Of Trust
related
$768,000 · First Horizon Home Loan Corp
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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