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

    628 Pickett St Alexandria, VA 22304-4620

    • Warehouses
    • 36,000 SF
    • 2.28 lot acres
    OFF-MARKET
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0901997
    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

    • Mercedes-Benz of Alexandria Collision Center / Car Repair And Maintenance Service / Auto Repair Shop

    Property Details for 628 Pickett St

    Year built
    1970
    Lot size
    2.28 lot acres
    Property size
    36,000 SF
    Zone code
    I - INDUSTRIAL ZONE
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    36800000
    APU
    36800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $934,000
      Market price range: $572k - $1.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria City
    State
    Virginia
    Longitude
    -77.1307
    Latitude
    38.8044
    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
    2023
    $86,169
    $2,827,500
    $4,935,500
    $7,763,000
    -
    $2,827,500
    $4,935,500
    $7,763,000

    Comparable in this City

    • Value Estimation
      $1,215,000
      246,246 SF

      847 Pickett St

      MINI-WAREHOUSE, STORAGE • 246,246 SF
      847 Pickett St, Alexandria, VA 22304-4605
      View Details
    • Value Estimation
      $1,365,000
      103,000 SF

      6100 Farrington Ave

      MINI-WAREHOUSE, STORAGE • 103,000 SF
      6100 Farrington Ave, Alexandria, VA 22304-4808
      View Details
    • Value Estimation
      $670,000
      30,850 SF

      3660 Wheeler Ave

      MINI-WAREHOUSE, STORAGE • 30,850 SF
      3660 Wheeler Ave, Alexandria, VA 22304-6403
      View Details
    • Value Estimation
      $1,085,000
      54,000 SF

      4401 Wheeler Ave

      MINI-WAREHOUSE, STORAGE • 54,000 SF
      4401 Wheeler Ave, Alexandria, VA 22304-6434
      View Details
    • Value Estimation
      $1,060,000
      72,333 SF

      Alexandria, VA 22304

      MINI-WAREHOUSE, STORAGE • 72,333 SF
      Alexandria, VA 22304
      View Details
    • Value Estimation
      $1,335,000
      47,594 SF

      4701 Eisenhower Ave

      MINI-WAREHOUSE, STORAGE • 47,594 SF
      4701 Eisenhower Ave, Alexandria, VA 22304-4805
      View Details

    Similar Nearby for Sale

    • $620,000

      Society Hill Move-In Ready Home

      Meticulously maintained 2 bedroom home in Society Hill neighborhood.
      3816 Usher Ct, Alexandria, VA 22304
      View Details
    • $680,000

      Alexandria Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      5818 Cowling Ct, Alexandria, VA 22304
      View Details
    • $755,000

      Specialty Property for Sale

      Specialty property available for purchase.
      119 Martin Ln, Alexandria, VA 22304
      View Details
    • $715,000

      Alexandria Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      954 Harrison Cir, Alexandria, VA 22304
      View Details
    • $879,000

      Alexandria Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      6358 Brampton Ct, Alexandria, VA 22304
      View Details
    • Contact for pricing
      0.43 Acres

      Prime Alexandria Commercial Property

      Versatile Space, Excellent Location
      4154 Duke St, Alexandria, VA 22304
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,341 SF

      Warehouse with Loading Docks

      Large open warehouse space featuring loading docks and showroom.
      901-929 S Pickett St, Alexandria, VA 22304
      View Details
    • Contact for pricing

      Industrial Space Near Capital Beltway

      Industrial space for rent with drive-in door and offices.
      4536 Eisenhower Ave, Alexandria, VA 22304
      View Details
    • Contact for pricing
      248,984 SF

      Alexandria Industrial Park Investment

      Prime Alexandria flex space, multiple suites available.
      841-881 Pickett St, Alexandria, VA 22304
      View Details
    • Contact for pricing
      790 SF

      Eisenhower Business Park Flex Space

      Flex space available in Eisenhower Business Park near major highways.
      4815-4825 Eisenhower Ave, Alexandria, VA 22304
      View Details
    • Contact for pricing
      2,514 SF

      Eisenhower Avenue Flex/Industrial Space

      Flex/industrial space near major highways and airport.
      4713-4725 Eisenhower Ave, Alexandria, VA 22304
      View Details
    • Contact for pricing
      2,154 SF

      Eisenhower Avenue Flex/Industrial Space

      Flex/industrial space near major highways and airport.
      4801-4813 Eisenhower Ave, Alexandria, VA 22304
      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.
    628 Pickett St
    Alexandria, VA 22304-4620
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.