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Property profile & analytics
OFF-MARKET
Estimated value
$11,915,000
Assisted living facilities
900 Virginia Ave Alexandria, VA 22302-3200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0166051
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Total area
50,825 SF
Lot
1.58 ac (68,825 SF)
Zoning code
R 8 - SINGLE FAMILY ZONE
APN
16699050
UPID
US87-0166051
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
-
Alexandria Rehabilitation & Healthcare Center Nursing Home
-
Consulate Management Co Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.92M
Owner & transaction history
Alexandria Real Property LLC · 3 yrs held
Alexandria Real Property LLC
since 2022
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
R 8 - SINGLE FAMILY ZONE · 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
$11,230,000
ML approach
$8,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,725,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$11,390,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,020,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,840,000
Change: 0% · Conversion: Difficult
RESTAURANT
$7,470,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.92M
Range $10.72M – $13.11M · ±10% · vs last sale $12.25M (Dec 2 2022)
Last sale anchor
$12.25M
Dec 2 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
$234 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$93,906
Tax year 2023
Assessed value
$8,460,000
Assessed 2023
Previous assessed
$8,133,000
+4.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,583,000
Assessed improvement
$5,877,000
Land market value
$2,583,000
Improvement market value
$5,877,000
Total market value
$8,460,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Heating
ZONE
Cooling
OTHER
Stories
3
Rooms
11
Total area
50,825 SF
Lot
1.58 ac (68,825 SF)
Zoning code
R 8 - SINGLE FAMILY ZONE
APN
16699050
UPID
US87-0166051
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R 8 - SINGLE FAMILY ZONE · Alexandria, VA
Zoning R 8 - SINGLE FAMILY ZONE · permitted uses
R 8 - SINGLE FAMILY ZONE · 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
Est. value
$11.7M
OFFICE BUILDING
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RESTAURANT
Est. value
$7.5M
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1964
Heating
ZONE
Cooling
Yes
Stories
3
Rooms
11
Lot
1.58 ac
Current owner
From public records · entity-resolved
Alexandria Real Property LLC
Entity
Mailing address
1608 RTE 88TH STE #200, BRICK, NJ 08724-3009
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
$12,254,400
Alexandria Real Property LLC
Gb Alexandria Real Property LLC
Special Warranty Deed
$31,064,422 · M&t Bank
Mar 11, 2019
$7,690,230
Gb Alexandria Real Prop LLC
Alexandria Re LLC
Grant Deed
$90,000,000 · White Oak Healthcare Fin LLC
Jul 7, 2014
—
Alexandria Re LLC
—
Loan Modification
related
$107,000,000 · Privatebank & Tr
Jan 5, 2009
$9,150,000
Health Care Reit INC
Ruxton Alexandria Holding Co L
Grant Deed
—
Dec 31, 2008
—
Health Care Reit INC
Health Care Reit INC
Quit Claim Deed
related
—
Mar 27, 2007
$5,739,673
Ruxton Alexandria Hldg Co LLC
Hr Acquistion I Corp
Deed Of Trust
related
$9,150,000 · Health Care R E Inv Trust INC
—
—
Gb Alexandria Real Prop LLC
—
Deed Of Trust
related
$12,720,000 · Graystone Fndg Co LLC
—
—
Alexandria Re LLC
—
Deed Of Trust
related
$115,000,000 · Privatebank & Trust
—
—
Alexandria Re LLC
—
Loan Modification
related
$107,000,000 · Privatebank & Tr
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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