Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 PARK Avenue Falls Church, VA 22046

    View on Map
    For Lease
    $5,192 /Mo

    CommercialLease - FALLS CHURCH, VA

    Type:Office
    Lot size:
    0.24 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    290
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 301 PARK Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    10
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Building materials
    Brick

    We can help!

    Listing Contact
    Katreen K Rinaldi

    Listing agent Katreen K Rinaldi License #0225041375

    Listing office Korte Realty 712 BROAD Street, FALLS CHURCH, VA

    Listing date Jun 16, 2025

    MLS# VAFA2003090

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Falls Church Office Space Available

    Two floors of office space are available for lease in Falls Church, Virginia, directly across from City Hall. The interior features an elegant, classic style, including a conference room. The property includes parking in the rear and a rear entrance accessible by stairway. The space benefits from ample natural light due to numerous windows and includes two restrooms. The location provides convenient access to restaurants and public transportation. The lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baskin Jackson & Hansbarger Law Firm Baskin, Jackson & Lasso ... Law Firm Duffett Robert J Law Firm Henenberg Mediation LLC. Law Firm Warren Co Construction Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1729957
    Latitude
    38.8847959

    Nearby Similar for Lease

    • Contact for pricing

      Furnished Room in Upscale Building

      Furnished room suitable for various professionals in Falls Church.
      7115 LEESBURG Pike unit: 304, FALLS CHURCH, VA 22043
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space for lease near Route 66 in Falls Church.
      7139 SHREVE Road, FALLS CHURCH, VA 22043
      View Details
    • Contact for pricing

      Bright Office Space Available

      Large, bright office space in a convenient Falls Church location.
      5985 COLUMBIA Pike unit: 300, FALLS CHURCH, VA 22041
      View Details
    • Contact for pricing

      Falls Church Office Sublet

      Sublet office space in Falls Church, available through March 2027.
      101 W BROAD Street, FALLS CHURCH, VA 22046
      View Details
    • Contact for pricing

      Falls Church Office Suite Rental

      Three-room office suite in Falls Church with ample parking.
      417 BROAD Street W unit: 207, FALLS CHURCH, VA 22046
      View Details
    • Contact for pricing

      Office Space in Falls Church

      Upper-level office space with reception and windowed inner office.
      210 BROAD Street E unit: 200-U1, FALLS CHURCH, VA 22046
      View Details
    • Contact for pricing

      Office Space in Falls Church

      Office space for lease in Falls Church, Virginia.
      210 BROAD Street E unit: 201, FALLS CHURCH, VA 22046
      View Details
    • Contact for pricing

      Unique Creative Office Space Available

      Top-floor corner office unit with views and free parking.
      124 E BROAD STREET C2, FALLS CHURCH, VA 22046
      View Details
    • Contact for pricing

      Office Space in Prime Location

      Sublet office space with five private offices available for rent.
      101 W BROAD St, Falls Church, VA 22046
      View Details
    • $19/mo

      Falls Church Office Building

      Four-story office building in the Seven Corners submarket.
      6201 Leesburg Pike, Falls Church, VA 22044
      View Details
    • Contact for pricing

      Office Suite Overlooking Broad Street

      Three-room office suite with abundant natural light and convenient parking.
      417 Broad St W #207, FALLS CHURCH, VA 22046
      View Details
    • $19/mo

      Falls Church Landmark Office Building

      Six-story office building with expansive views and convenient access.
      6231 Leesburg Pike, Falls Church, VA 220442102
      View Details

    FAQs

    What type of property is this?
    Office building - Two-floor office space near City Hall with parking and amenities.
    Where is this office building located?
    The property is located at 301 PARK Avenue Falls Church, VA.
    What is the lease rate?
    The lease rate is $5,192 /Mo.
    What are key features of this property?
    This property features: Prime location directly across from City Hall.; Elegant interior with classic style.; Conference room already in place.
    (703) 927-3863
    We can help!
    Listing Contact
    Katreen K Rinaldi
    Real Estate License ID: 0225041375
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!