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    3141 Fairview Park Dr Falls Church, VA 22042

    For Sale
    Contact for pricing

    Recently renovated Class A office building in Merrifield submarket.

    Property size:
    199,783 SF
    Lot size:
    5.61 Acres

    Property Features for 3141 Fairview Park Dr

    General Information

    Size
    199,783 SF
    Lot size
    5.61 Acres

    Source: Colliers | Washington DC Agent Chandler Pace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Class A Office Building

    The property at 3141 Fairview Park Drive is a recently renovated Class A office building located in Northern Virginia’s Merrifield submarket. Constructed in 1988 and extensively renovated in 2023, this eight-story building offers 199,783 rentable square feet. Situated on a 5.61-acre site within the 220-acre Fairview Park, the property benefits from a strategic position at the intersection of I-495 and Route 50, providing accessibility to key Northern Virginia hubs and Washington, D.C. The building is currently 40% leased to 18 tenants from diverse sectors, including healthcare, government contracting, and technology, with a weighted average lease term (WALT) of 3.85 years. This property is well-positioned to capitalize on the robust demand from these growing industries in the region.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lu Smith Engineers ... Engineer Klewans & Skerritt, PC Attorney Grad & Logan PC Attorney NRI Non-Profit Organization Licentia Financial, LLC Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2158721
    Latitude
    38.8605334

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    FAQs

    What type of property is this?
    Office building - Recently renovated Class A office building in Merrifield submarket.
    Where is this office building located?
    The property is located at 3141 Fairview Park Dr Falls Church, VA.
    What are key features of this property?
    This property features: - Recently renovated Class A office building; - Strategic location within Fairview Park, offering excellent accessibility to key Northern Virginia hubs and Washington, D.C.; - Opportunity to capitalize on robust demand from growing industries
    (202) 534-3000
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    3141 Fairview Park Dr Falls Church, VA 22042
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    Realmo Value Estimation

    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.

    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.

    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
    3141 Fairview Park Dr Falls Church, VA 22042
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