Add Listing
    For Sale
    • 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

    315 N Virginia Ave Falls Church, VA 22046

    Sponsored
    Picture of Residential land & home lots at N Virginia Ave 315, Falls Church, VA
    For Sale
    $950,000

    LAND - FALLS CHURCH, VA

    Lot size:
    0.26 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 28 at 10:06 pm

    Property Features for 315 N Virginia Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.26 Acres

    We can help!

    Listing Contact
    David M Hagigh

    Samson Properties (703) 378-8810

    Listing agent David M Hagigh (703) 717-1602 License #0225068536

    Listing date Feb 21, 2026

    MLS# VAFA2003590

    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.

    Learn more

    Property Insight Report

    Overview

    Falls Church Land Opportunity

    This property presents an opportunity to build a new home in Falls Church City. The lot, sized at 11,252 square feet (0.26 acres), is located on the north side of town. It is adjacent to the W&OD Trail and within walking distance of the F.C. Community Center, Farmer's Market, and restaurants. The property is also located close to the EFC Metro. It is situated on a quiet street and is within the Falls Church City school district. The property is being sold As Is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness 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
    -77.17792
    Latitude
    38.88261

    Nearby Similar for Sale

    • $290,000
      978 SF

      Falls Church Office Suite

      Sun-drenched, furnished office suite in prime location.
      5661 Columbia Pike, Falls Church, VA 22041
      View Details
    • New
      $949,900
      0.04 Acres

      Falls Church Office For Sale

      Two-level office building near 495 in Tysons.
      7643 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $550,000

      Bright Office Space in Falls Church

      Large, bright office space in a convenient Falls Church location.
      5985 Columbia Pike, Falls Church, VA 22041
      View Details
    • $3,250,000
      0.53 Acres

      Falls Church Office Building For Sale

      Three-story office building in Falls Church, VA, ideal for investors.
      210 E Broad St, Falls Church, VA 22046
      View Details
    • $450,000

      Falls Church Office Suite

      Well-maintained office suite in a professionally managed building.
      7115 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $149,500

      Established Floral Business Opportunity

      Thriving floral business for sale in high-visibility Falls Church retail center.
      2790 Graham Rd, Falls Church, VA 22042
      View Details
    • New
      $1,135,900

      Bright Open Space Condo

      Spectacular condo with high ceilings and ample garage parking.
      513 W Broad St, Falls Church, VA 22046
      View Details
    • $195,900

      FALLS CHURCH Commercial Corner Unit

      Bright corner office unit in FALLS CHURCH, zoned C2.
      6408N Seven Corners Pl, Falls Church, VA 22044
      View Details
    • $899,900

      Stately Colonial Near 7 Corners

      Brick colonial with visibility from Route 50, tons of parking.
      6025 Arlington Blvd, Falls Church, VA 22044
      View Details
    • Contact for pricing
      4,000 SF

      Redevelopment Opportunity Near Founders Row

      Corner lot zoned B-1, one block from Founders Row.
      821 W Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing
      1,280 SF

      Retail Building Near Founders Row

      Freestanding retail building near Founders Row development and metro.
      901 W Broad St, Falls Church, VA 22046
      View Details
    • $315,000

      Seven Corners Professional Office Space

      850 SF office in Seven Corners area for sale.
      6400 7 Cor 1G, Falls Church, VA 22044
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near amenities in Falls Church City.
    Where is this residential land & home lot located?
    The property is located at 315 N Virginia Ave Falls Church, VA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Large 11,252 s.f. lot in Falls Church City; - Prime location adjacent to W&OD Trail; - Walking distance to F.C. Community Center, Farmer's Market, and restaurants
    (703) 717-1602
    Request Owner's contact information
    315 N Virginia Ave Falls Church, VA 22046
    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.
    315 N Virginia Ave
    Falls Church, VA 22046
    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
    315 N Virginia Ave Falls Church, VA 22046
    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

    We can help!
    Listing Contact
    David M Hagigh
    Real Estate License ID: 0225068536
    (703) 717-1602
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!