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Property profile & analytics
OFF-MARKET
Estimated value
$1,920,000
Office buildings
8653 Richmond Hwy Alexandria, VA 22309-4206
Individually Owned
3-yr Hold
Free & Clear
Property ID
US87-0959404
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
CONCRETE BLOCKS
Total area
7,000 SF
Lot
0.38 ac (16,402 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
110-1-01-0052
UPID
US87-0959404
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
-
First Ame Church Church
-
FAME COMMUNITY DEVELOPMENT CENTER Charitable Organization Social Service Agency
-
Divine Grace International Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.92M
Owner & transaction history
Commonwealth Of Virginia · 3 yrs held
Commonwealth Of Virginia
since 2022
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.6M
+6.3%
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
$1,740,000
ML approach
$1,955,000
CAP Approach
CAP Return
Estimation
6%
$1,665,000
6.5%
$1,540,000
7%
$1,430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,430,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,580,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,380,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,375,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $1.90M (Oct 5 2022)
Last sale anchor
$1.90M
Oct 5 2022
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
$274 / 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
$1,072,210
Assessed 2024
Previous assessed
$1,180,170
-9.1% YoY
Assessed land
$262,430
Assessed improvement
$809,780
Land market value
$262,430
Improvement market value
$809,780
Total market value
$1,072,210
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
1959
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
2
Rooms
1
Bathrooms
0
Total area
7,000 SF
Lot
0.38 ac (16,402 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
110-1-01-0052
UPID
US87-0959404
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
OFFICE BUILDING Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
0
Lot
0.38 ac
Current owner
From public records · entity-resolved
Commonwealth Of Virginia
Individual
Free & Clear · 3 yrs held
Mailing address
4975 ALLIANCE DR, FAIRFAX, VA 22030-6664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Oct 5, 2022
$1,900,000
Commonwealth Of Virginia
First African Methodist Episcopal C
Deed
—
Nov 3, 2011
$939,657
African Methodist Episco First
First African Methodist Episco
Grant Deed
related
—
—
—
African Methodist Episcopa First
—
Deed Of Trust
related
$180,000 · Branch Banking & Trust Co Va
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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