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Property profile & analytics
OFF-MARKET
Estimated value
$4,300,000
Retail properties & Spaces
7500 Richmond Hwy Alexandria, VA 22306-2303
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0906715
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1956
Construction
CONCRETE BLOCKS
Total area
8,572 SF
Lot
1.41 ac (61,555 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
092-4-01-0066
UPID
US87-0906715
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
-
Ladies & Gents Hair Studio Hair Salon Nail Salon
-
Metro Laundromat (Bike/Boat/Book/etc) Store
-
Yajaira Dominican Hair Salon Hair Salon Nail Salon
-
MoneyGram Bank Credit Union
-
DMV Wash and Fold (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
$4.41M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$4.30M
Owner & transaction history
Board Of Supervisors Of Fairfax Cou · 1 yrs held
Board Of Supervisors Of Fairfax Cou
since 2024
Last sale
$4.3M
2 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+47.9%
Commercial (general)
$4.8M
+7.8%
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
$4,300,000
ML approach
$4,300,000
CAP Approach
CAP Return
Estimation
6%
$4,780,000
6.5%
$4,410,000
7%
$4,095,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,470,000
Current use
RESTAURANT
$6,610,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,820,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10% · vs last sale $4.30M (Nov 22 2024)
Last sale anchor
$4.30M
Nov 22 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
$502 / 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
$32,070
Tax year 2024
Assessed value
$2,498,600
Assessed 2024
Previous assessed
$2,471,810
+1.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,292,660
Assessed improvement
$1,205,940
Land market value
$1,292,660
Improvement market value
$1,205,940
Total market value
$2,498,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1956
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
1
Rooms
3
Bathrooms
1
Total area
8,572 SF
Lot
1.41 ac (61,555 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
092-4-01-0066
UPID
US87-0906715
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
RETAIL STORES Current
Est. value
$4.5M
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1956
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Board Of Supervisors Of Fairfax Cou
Individual
Free & Clear · 1 yrs held
Mailing address
10 RYE RDG PLZ STE #200, RYE BROOK, NY 10573-2828
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$4,300,000
Board Of Supervisors Of Fairfax Cou
Winkal Holdings LLC
Deed
related
—
Jan 23, 2013
—
Winkal Holdings LLC
—
Loan Modification
related
$38,000,000 · Ing USA Annunity & Life Ins Co
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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