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    635 Slaters Ln Alexandria, VA 22314-1170
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    Property profile & analytics

    635 Slaters Ln, Alexandria, VA 22314-1170

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    • Office buildings
    • 63,134 SF
    • 0.82 lot acres
    Off-Market
    Last Sale Jun 29, 2023
    $840,000
    Property ID
    US87-3978620
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Donjon-Smit LLC / Law Firm
    • Capstone Corporation / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • EV Connect Charging Station / Electric Vehicle Charging Station
    • 635 Slaters Lane Parking Garage - ParkChirp / Parking Lot & Garage
    • 635 Slaters Ln Garage / Parking Lot & Garage

    Property Details for 635 Slaters Ln

    Year built
    1986
    Lot size
    0.82 lot acres
    Zone code
    OCM(50) - OFFICE COMMERC
    Property type
    Office buildings
    APN
    50449820
    APU
    50449820

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 29, 2023 $840,000 Mary E Rado Brookfield Towngate LLC Special Warranty Deed $480k · American Airlines Federal Credit Un
    Apr 27, 2023 $849,900 Patricia Kieswetter Brookfield Towngate LLC Special Warranty Deed $595k · Draper And Kramer Mortgage Corp
    Apr 24, 2023 $859,000 Siddharth P Mainkar Brookfield Towngate LLC Special Warranty Deed $687k · Bank Of America NA
    Mar 28, 2023 $1,075,000 Darrin L Dereus Brookfield Towngate LLC Special Warranty Deed $860k · Bnc National Bank
    Feb 28, 2023 $567,400 Joshua Shamslarijani Brookfield Towngate LLC Special Warranty Deed —
    Feb 1, 2023 $1,198,227 Wittfield Klemmt Pierce Brookfield Towngate LLC Special Warranty Deed $648k · Bank Of America NA
    Feb 1, 2023 $540,650 Anthony A Williams Brookfield Towngate LLC Special Warranty Deed $560k · Wells Fargo Bank NA
    Jan 31, 2023 $444,290 Holly Ruchotzke Bernabei Brookfield Towngate LLC Special Warranty Deed $460k · Navy Federal Credit Union
    Jan 31, 2023 $585,250 Lucia Cabraldearmas Brookfield Towngate LLC Warranty Deed $439k · Fairway Independent Mortgage Corpor
    Jan 31, 2023 $732,950 Kendra A Martello Brookfield Towngate LLC Special Warranty Deed $455k · Home Savings & Trust Mortgage
    Jan 31, 2023 $531,600 Vilma Herrera Brookfield Towngate LLC Special Warranty Deed $315k · Loandepot.com LLC
    Jan 31, 2023 $704,450 Victoria Kelley Brookfield Towngate LLC Special Warranty Deed $683k · First Savings Mortgage Corporation
    Jan 30, 2023 $675,000 Megan Elizabeth Becker Brookfield Towngate LLC Special Warranty Deed $506k · Burke & Herbert Bank & Trust Compan
    Jan 27, 2023 $918,260 Angel Belen Perez Brookfield Towngate LLC Special Warranty Deed $418k · First Savings Mortgage Corporation
    Jan 27, 2023 $727,900 Eric D Field Brookfield Towngate LLC Warranty Deed $655k · Loandepot.com LLC
    Jan 26, 2023 $701,750 Megan E Greene Brookfield Towngate LLC Special Warranty Deed $727k · Loandepot.com LLC
    Jan 26, 2023 $720,835 Claros Lody Brookfield Towngate LLC Special Warranty Deed $685k · Cmg Home Loans
    Jan 26, 2023 $564,900 Donald A Holman Brookfield Towngate LLC Special Warranty Deed $537k · Draper And Kramer Mortgage Corp
    Jan 26, 2023 $509,000 Eric Joseph Philipkosky Brookfield Towngate LLC Special Warranty Deed $484k · Draper And Kramer Mortgage Corp
    Jan 26, 2023 $1,233,600 James Preslyn Wind Brookfield Towngate LLC Special Warranty Deed $629k · Loandepot.com LLC
    Jan 26, 2023 $1,100,000 Susan Anne Cora Brookfield Towngate LLC Special Warranty Deed —
    Jan 26, 2023 $656,800 Rachel Leister Brookfield Towngate LLC Special Warranty Deed $657k · First National Bank Of Pennsylvania
    Jan 26, 2023 $541,200 Kathryn H Rosewater Brookfield Towngate LLC Special Warranty Deed $514k · Loandepot.com LLC
    Jan 26, 2023 $519,900 Brendan M Jones Brookfield Towngate LLC Special Warranty Deed $416k · Draper And Kramer Mortgage Corp
    Aug 24, 2021 $18,000,000 Brookfield Towngate LLC Towngate LLC Special Warranty Deed —
    May 26, 2017 — Towngate LLC — Grant Deed · related $18.6M · Keybank USA
    May 18, 2007 $13,650,000 Towngate LLC Towngate IV LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Alexandria City
    State
    Virginia
    Longitude
    -77.0428
    Latitude
    38.8228
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      324 Fairfax St

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      45,375 SF

      333 Fairfax St

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    • Value Estimation
      $29,990,000
      140,038 SF

      2051 Jamieson Ave

      OFFICE BUILDING
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    • Value Estimation
      $720,000
      4,392 SF

      107 St

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      107 St, Alexandria, VA 22314-2709
      View Details

    Similar Nearby for Sale

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      31,006 SF

      Office Space with Updated Lobby

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      Office Building with Covered Parking

      Renovated office suites with lobby improvements and covered parking, plus Potomac River and park views.
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      106,742 SF

      Renovated Office Building with Concierge

      Renovated common areas and tenant amenities support a full-service, professional workplace in a transit-connected setting.
      1737 King St, Alexandria, VA 22314
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      4,560 SF

      Alexandria Office Building For Sale

      Office building with multiple tenants and growth potential.
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    Similar Nearby for Lease

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      13,335 SF

      Office Building Near Metro Station

      Seven-story office building with 138,365 square feet near Metro.
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    • $36 SF/Yr
      11,231 SF

      Prime Office Space Available

      Centrally located office building with metro access and amenities.
      1199 N Fairfax St, Alexandria, VA 22314
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    • Contact for pricing
      3,642 SF

      Class-A Office Space Available

      Class-A office space with on-site restaurants and structured parking.
      1725 Duke St, Alexandria, VA 22314
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    • $35 SF/Yr
      4,935 SF

      Class A Office Space

      Class A office building near King Street Metro station.
      1920 Ballenger Ave, Alexandria, VA 22314
      View Details
    • Contact for pricing
      84,693 SF

      Office Space Near Braddock Metro

      Office building with metro access in Alexandria, Virginia.
      1340 Braddock Pl, Alexandria, VA 22314
      View Details
    • Contact for pricing
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      Class A Office and Retail

      Office and retail space with modern amenities and prime location.
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      View Details
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    Alexandria, VA 22314-1170
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    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.

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