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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Office buildings
8220 Russell Rd Alexandria, VA 22309-8218
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US87-0144923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
CONCRETE BLOCKS
Total area
10,065 SF
Lot
0.5 ac (21,782 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
101-4-04-0013
UPID
US87-0144923
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
-
Rising Hope Mission Church Church
-
Arm & Arm Inc Social Service Agency
-
Milk and Honey Food Pantry-Solid Rock Soup Kitchen Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.10M
Owner & transaction history
Rising Hope United Methodist C · 7 yrs held
Rising Hope United Methodist C
since 2018
3 recorded transactions
Zoning & alternative use
C-2(LIMITED OFFICE) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,490,000
Current use
INDUSTRIAL (GENERAL)
$3,425,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,415,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$208 / 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
Assessed value
$1,315,230
Assessed 2024
Previous assessed
$1,438,390
-8.6% YoY
Assessed land
$283,170
Assessed improvement
$1,032,060
Land market value
$283,170
Improvement market value
$1,032,060
Total market value
$1,315,230
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Bathrooms
2
Total area
10,065 SF
Lot
0.5 ac (21,782 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
101-4-04-0013
UPID
US87-0144923
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
$3.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.4M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1978
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Rising Hope United Methodist C
Individual
Mailing address
8220 RUSSELL RD, ALEXANDRIA, VA 22309-8218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2018
—
Rising Hope United Methodist C
Rising Hope United Methodist C
Quit Claim Deed
related
$278,000 · United Methodist Dev Co LLC
—
—
Rising Hope United Methodist M
—
Deed Of Trust
related
$278,000 · United Methodist Dev Co LLC
—
—
Hope United Methodist Mis Rising
—
Deed Of Trust
related
$950,000 · Virginia Commerce Bank
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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