New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office buildings
6821 Richmond Hwy, Alexandria, VA 22306-1706
Individually Owned
2-yr Hold
Property ID
US87-1313154
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1934
Construction
CONCRETE BLOCKS
Total area
3,487 SF
Lot
0.34 ac (14,742 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
093-1-01-0002
UPID
US87-1313154
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.21M
Owner & transaction history
Board Of Supervisors Of Fairfax Cou · 2 yrs held
Board Of Supervisors Of Fairfax Cou
since 2024
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
C-2(LIMITED OFFICE) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+84.8%
Retail stores
$1.8M
+71.4%
Neighborhood: shopping center
$1.3M
+21.2%
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
$1,210,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,060,000
Current use
COMMERCIAL (GENERAL)
$1,960,000
Change: +85% · Conversion: Easy
RETAIL STORES
$1,820,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,185,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.21M (May 1 2024)
Last sale anchor
$1.21M
May 1 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
$347 / 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
$1,113
Tax year 2024
Assessed value
$599,030
Assessed 2024
Previous assessed
$575,620
+4.1% YoY
Effective rate
0.19%
On assessed value
Assessed land
$309,580
Assessed improvement
$289,450
Land market value
$309,580
Improvement market value
$289,450
Total market value
$599,030
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1934
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Stories
2
Rooms
8
Bathrooms
3
Total area
3,487 SF
Lot
0.34 ac (14,742 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
093-1-01-0002
UPID
US87-1313154
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-2(LIMITED OFFICE) · Alexandria, VA
Zoning C-2(LIMITED OFFICE) · permitted uses
C-2(LIMITED OFFICE) · 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
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1934
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Stories
2
Rooms
8
Bathrooms
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Board Of Supervisors Of Fairfax Cou
Individual
Mailing address
12000 GOVERNMENT CTR PKWY STE #552, FAIRFAX, VA 22035-0001
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$1,211,000
Board Of Supervisors Of Fairfax Cou
Edward E Pagett
Warranty Deed
—
—
—
Edward E Pagett
—
Deed Of Trust
related
$350,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6821 Richmond Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
