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Property profile & analytics
OFF-MARKET
Estimated value
$84,250,000
Industrial properties
6584 Fleet Dr Alexandria, VA 22310-2427
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0891619
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1976
Construction
CONCRETE BLOCKS
Total area
357,064 SF
Lot
19.14 ac (833,608 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
091-1-01-0039
UPID
US87-0891619
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
-
Johnstone Supply Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$84.25M
CAP Approach
CAP
$54.80M
Comparable Approach
Comparable
$82.38M
Blend (final)
Blend
$84.25M
Owner & transaction history
Terreno Fleet LLC · 2 yrs held
Terreno Fleet LLC
since 2024
Last sale
$84.3M
1 recorded transaction
Zoning & alternative use
I-4(INDUST MEDIUM INTENSI · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$131.6M
+8.4%
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
$84,250,000
ML approach
$84,250,000
CAP Approach
CAP Return
Estimation
6%
$59,360,000
6.5%
$54,795,000
7%
$50,880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$121,450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$131,640,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$121,165,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$119,210,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$84.25M
Range $75.83M – $92.68M · ±10% · vs last sale $84.25M (Apr 15 2024)
Last sale anchor
$84.25M
Apr 15 2024
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
$236 / 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
$530,191
Tax year 2024
Assessed value
$41,308,180
Assessed 2024
Previous assessed
$40,974,070
+0.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$10,003,300
Assessed improvement
$31,304,880
Land market value
$10,003,300
Improvement market value
$31,304,880
Total market value
$41,308,180
Applied tax rate
4.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1976
Construction
CONCRETE BLOCKS
Heating
OTHER
Stories
1
Total area
357,064 SF
Lot
19.14 ac (833,608 SF)
Zoning code
I-4(INDUST MEDIUM INTENSI
APN
091-1-01-0039
UPID
US87-0891619
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-4(INDUST MEDIUM INTENSI · Alexandria, VA
Zoning I-4(INDUST MEDIUM INTENSI · permitted uses
I-4(INDUST MEDIUM INTENSI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$121.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$131.6M
WAREHOUSE, STORAGE
Est. value
$121.2M
AUTO REPAIR, GARAGE
Est. value
$119.2M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1976
Construction
CONCRETE BLOCKS
Heating
OTHER
Stories
1
Lot
19.14 ac
Current owner
From public records · entity-resolved
Terreno Fleet LLC
Entity
Free & Clear · 2 yrs held
Mailing address
101 MONTGOMERY ST STE #200, SAN FRANCISCO, CA 94104-4124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$84,250,000
Terreno Fleet LLC
Otr
Special Warranty 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.
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