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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Strip malls
6809 Richmond Hwy Alexandria, VA 22306-1705
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1328328
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1942
Construction
CONCRETE BLOCKS
Total area
1,200 SF
Lot
0.4 ac (17,563 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
093-1-01-0019
UPID
US87-1328328
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
-
Al's Used Tires & Rims Auto Parts Store Discount Store
-
A1 Auto Retail Car Dealership
-
ATM Machine at Al's Used Tires Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$325k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$535k
Owner & transaction history
Sean Vermillion · 21 yrs held
Sean Vermillion
since 2004
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)
$675,000
+52.5%
Retail stores
$625,000
+41.4%
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
by Request
ML approach
$325,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$665,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Current use
COMMERCIAL (GENERAL)
$675,000
Change: +52% · Conversion: Easy
RETAIL STORES
$625,000
Change: +41% · Conversion: Easy
WAREHOUSE, STORAGE
$405,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$400,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$446 / 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
$5,402
Tax year 2024
Assessed value
$420,850
Assessed 2024
Previous assessed
$436,690
-3.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$368,820
Assessed improvement
$52,030
Land market value
$368,820
Improvement market value
$52,030
Total market value
$420,850
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1942
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
2
Total area
1,200 SF
Lot
0.4 ac (17,563 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
093-1-01-0019
UPID
US87-1328328
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Alexandria, VA
Zoning 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
Alexandria. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$675,000
RETAIL STORES
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$400,000
OFFICE BUILDING
Est. value
$365,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1942
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Sean Vermillion
Individual
Mailing address
8412 CROWN PL, ALEXANDRIA, VA 22308-1824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Nov 1, 2004
$1,175,000
Sean Vermillion
Virginia Ents Co Lc
Grant Deed
$1,200,000 · Virginia Commerce Bank
—
—
Sean Vermillion
—
Deed Of Trust
related
$1,000,000 · Burke & Herbert Bank & Trust
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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