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

    6416 Grovedale Dr Ste 202b Alexandria, VA 22310-2678

    • Office Properties & Spaces
    • 779 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0755655
    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

    • New King Spa l Massage spa Alexandria VA, Asian Massage Alexandria VA / Alternative Medicine Practice / Spa & Massage Center
    • Metamorphosis Healing Center / Alternative Medicine Practice / Spa & Massage Center
    • Studio 39 Landscape Architecture / Landscaping / (Bike/Boat/Book/etc) Store
    • New King Spa Massage l Massage Spa Alexandria, VA - Asian Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 6416 Grovedale Dr Ste 202b

    Year built
    1990
    Construction
    FRAME
    Property size
    779 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office Properties & Spaces
    APN
    091-1-21-03-0202-B
    APU
    091121030202B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1483
    Latitude
    38.7779
    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
    $2,450
    $38,170
    $152,690
    $190,860
    -
    $38,170
    $152,690
    $190,860

    Comparable in this City

    • Value Estimation by Request
      0.83 Acres

      6355 Walker Ln

      CONDOMINIUM OFFICES • 0.83 Acres
      6355 Walker Ln, Alexandria, VA 22310-3245
      View Details
    • Value Estimation by Request
      720 SF

      6186 Old Franconia Rd, Unit 21A

      CONDOMINIUM OFFICES • 720 SF
      6186 Old Franconia Rd, Alexandria, VA 22310-2589
      View Details
    • Value Estimation by Request
      770 SF

      6212 Old Franconia Rd, Unit 8A

      CONDOMINIUM OFFICES • 770 SF
      6212 Old Franconia Rd, Alexandria, VA 22310-3405
      View Details
    • Value Estimation by Request
      773 SF

      6214 Old Franconia Rd, Unit 1A

      CONDOMINIUM OFFICES • 773 SF
      6214 Old Franconia Rd, Alexandria, VA 22310-3400
      View Details
    • Value Estimation by Request
      720 SF

      6180 Old Franconia Rd, Unit 24A

      CONDOMINIUM OFFICES • 720 SF
      6180 Old Franconia Rd, Alexandria, VA 22310-2594
      View Details
    • Value Estimation by Request
      726 SF

      6184 Old Franconia Rd, Unit 22A

      CONDOMINIUM OFFICES • 726 SF
      6184 Old Franconia Rd, Alexandria, VA 22310-2591
      View Details

    Similar Nearby for Sale

    • $425,000
      8,400 SF

      Alexandria Office Condo - Prime Location

      8,400 SF Office Condo, High-Demand Area
      6080 An, Alexandria, VA 22310
      View Details
    • $6,075,000
      17,850 SF

      Alexandria Office Building For Sale

      17,850 SF office building with 100% occupancy in Alexandria.
      6408 Grovedale Dr, Alexandria, VA 22310
      View Details
    • $799,000

      Three Contiguous Units on Franconia

      Three contiguous first-floor units suitable for medical or professional use.
      6072 Franconia Rd, Alexandria, VA 22310
      View Details
    • $669,950
      2,667 SF

      Brick-Front Home in Woodfield Estates

      Three-bedroom home with updated kitchen, decks, and hot tub.
      5886 Woodfield Estates Dr, Alexandria, VA 22310
      View Details
    • $759,900

      Alexandria Specialty Property For Sale

      Specialty property available for purchase in Alexandria, Virginia.
      5814 Larpin Ln, Alexandria, VA 22310
      View Details
    • $649,000

      Crown Royal Circle Property

      Specialty property available for sale in Alexandria, Virginia.
      6053 Crown Royal Cir, Alexandria, VA 22310
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      17,487 SF

      Alexandria Flex Space Warehouse

      Prime I-495 location, flexible office/warehouse space.
      5509 Vine St, Alexandria, VA 22310
      View Details
    • $1,500 /Mo

      Office with Parking in Alexandria

      Office space with parking available for rent in Alexandria.
      5400 Oakwood Rd, Alexandria, VA 22310
      View Details
    • $12,000 /Mo
      18,891 SF

      Alexandria Industrial Lot with Office

      0.43-acre industrial lot with a two-story office building.
      5601 Vine St, Alexandria, VA 22310
      View Details
    • $38 SF/Yr
      2,738 SF

      LEED-Certified Office Space Available

      Class-A office space in Alexandria, VA with many amenities.
      6363 Walker Ln, Alexandria, VA 22310
      View Details
    • Contact for pricing
      19,829 SF

      LEED-Certified Office Space in Alexandria

      Class-A office space with amenities in a park-like setting.
      6348 Walker Ln, Alexandria, VA 22310
      View Details
    • $2,400 /Mo

      Office Space For Rent

      Office space available for lease in Alexandria, Virginia.
      6164 Fuller Ct, Alexandria, VA 22310
      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.
    6416 Grovedale Dr Ste 202b
    Alexandria, VA 22310-2678
    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.