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Property profile & analytics
FOR LEASE
Individual retail properties
6301 Richmond Hwy Alexandria, VA 22306
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-2313914
For Lease
1 / 2
$19,885,000
6301 Richmond Hwy, Alexandria, VA 22306
View Listing →
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Total area
48,053 SF
Lot
4.81 ac (209,543 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
083-3-40-0002-A
UPID
US87-2313914
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
-
Kings Crossing Shopping Center & Mall
-
Buddy V's Cake Slice Restaurant Take-out & Catering
-
Heath J. Bills, DC Alternative Medicine Practice
-
MoneyGram Bank Credit Union
-
Chuck E. Cheese Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.73M
Comparable Approach
Comparable
$16.57M
Blend (final)
Blend
$19.89M
Owner & transaction history
Kings Crossing Shops LLC · 6 yrs held
Kings Crossing Shops LLC
since 2019
2 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$27.0M
+7.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,790,000
6.5%
$24,730,000
7%
$22,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$25,050,000
Current use
COMMERCIAL (GENERAL)
$27,010,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$19.89M
Range $17.90M – $21.87M · ±10%
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
$414 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$307,750
Tax year 2024
Assessed value
$23,977,370
Assessed 2024
Previous assessed
$24,829,590
-3.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,400,400
Assessed improvement
$19,576,970
Land market value
$4,400,400
Improvement market value
$19,576,970
Total market value
$23,977,370
Applied tax rate
6.0000
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
Individual retail properties
Use group
APPLIANCE STORE
Status
For Lease
Heating
NONE
Stories
1
Total area
48,053 SF
Lot
4.81 ac (209,543 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
083-3-40-0002-A
UPID
US87-2313914
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Alexandria, VAZoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · Alexandria, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$25.1M
COMMERCIAL (GENERAL)
Est. value
$27.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
1
Lot
4.81 ac
Current owner
From public records · entity-resolved
Kings Crossing Shops LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1945 OLD GALLOWS RD STE #300, TYSONS, VA 22182-3931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2019
—
Kings Crossing Shops LLC
Kings Crossing Sc LLC
Quit Claim Deed
related
—
Sep 25, 2007
$23,100,000
Kings Crossing Land LLC
Rep Alx Realty LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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