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Property profile & analytics
FOR LEASE
Warehouses
950 S Pickett St, Alexandria, VA 22304
Entity Owned
1-yr Hold
Free & Clear
Property ID
US87-0648975
For Lease
1 / 2
$19,350,000
950 S Pickett St, Alexandria, VA 22304
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1960
Total area
94,450 SF
Lot
2.93 ac (127,631 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
37472000
UPID
US87-0648975
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
-
Solar Energy World Solar Energy Company Solar Energy Contractor
-
Reputation Movers, Inc. Moving Company
-
Victory Van Corporation Moving Company
-
Cardinal Forwarding Inc Moving Company
-
1-800-Packouts of D.C. Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.38M
Comparable Approach
Comparable
$22.02M
Blend (final)
Blend
$19.35M
Owner & transaction history
950 S Pickett LLC · 1 yrs held
950 S Pickett LLC
since 2025
Last sale
$19.5M
2 recorded transactions
Zoning & alternative use
I - INDUSTRIAL 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,745,000
6.5%
$16,380,000
7%
$15,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$32,050,000
Current use
Blend value · Realmo final
$19.35M
Range $17.42M – $21.29M · ±10% · vs last sale $19.50M (Mar 18 2025)
Last sale anchor
$19.50M
Mar 18 2025
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
$205 / 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
$132,734
Tax year 2023
Assessed value
$11,958,000
Assessed 2023
Previous assessed
$11,600,000
+3.1% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,110,000
Assessed improvement
$8,848,000
Land market value
$3,110,000
Improvement market value
$8,848,000
Total market value
$11,958,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1960
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
94,450 SF
Lot
2.93 ac (127,631 SF)
Zoning code
I - INDUSTRIAL ZONE
APN
37472000
UPID
US87-0648975
Jurisdiction
ALEXANDRIA CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I - INDUSTRIAL ZONE · Alexandria, VA
Zoning I - INDUSTRIAL ZONE · permitted uses
I - INDUSTRIAL 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
WAREHOUSE, STORAGE Current
Est. value
$32.1M
WAREHOUSE, STORAGE Current
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
1960
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.93 ac
Current owner
From public records · entity-resolved
950 S Pickett LLC
Entity
Free & Clear · 1 yrs held
Mailing address
655 NEW YORK AVE NW STE #830, WASHINGTON, DC 20001-5795
Ownership since
2025
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
Jun 18, 2025
$19,500,000
950 S Pickett LLC
Jemals 950 S Pickett LLC
Deed
—
Jan 5, 2022
—
Jemals 950 S Pickett LLC
Metropolitan Transfer Compnay II Ll
Special Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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