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    Merrifield Town Center Retail Opportunity Title is generated by Realmo AI

    8191 Strawberry Lane, Falls Church, VA 22042

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    10,121 SF retail space near Mosaic District.

    Type:Retail
    Property size:
    10,121 SF
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 16 at 10:37 am

    Property Features for 8191 Strawberry Lane

    General Information

    Standard status
    Active
    Size
    10,121 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Michael Zacharia

    Listing agent Michael Zacharia

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Michael Zacharia

    HighLights

    • 10,121 SF Flagship opportunity in Merrifield Town Center.
    • Proximity to Mosaic District, Northern Virginia’s premier lifestyle center.
    • Positioned on the corner at the signalized intersection of Gallows Road and Strawberry Lane, ensuring maximum brand visibility and signage impact.
    • Strategically positioned near I‑495, I‑66, and US‑29, drawing customers from all over Northern Virginia.
    • Built‑in customer base fueled by strong incomes, dense housing, and a high‑spending customer base.
    • Seamless access to I‑495, Route 50, and the Dunn Loring–Merrifield Metro Station.

    Overview

    Located in Merrifield Town Center, this 10,121 square foot retail space benefits from its proximity to the Mosaic District, a premier lifestyle center in Northern Virginia. The property is positioned on the corner of Gallows Road, which sees 50,143 vehicles per day, and Strawberry Lane, which sees 4,141 vehicles per day, providing brand visibility and signage opportunities. The location is near I-495, with 171,000 vehicles per day, I-66, with 126,000 vehicles per day, and US-29, with 36,735 vehicles per day. Merrifield Town Center is situated at the center of one of Northern Virginia’s active mixed-use hubs, offering visibility and connectivity at the crossroads of Fairfax County’s residential and office base. The location benefits from synergy with one of the region’s popular dining, retail, and entertainment destinations. Restaurants, fitness concepts, entertainment venues, and everyday conveniences create a walkable environment that drives foot traffic. Access to I-495, Route 50, and the Dunn Loring–Merrifield Metro Station enhances accessibility for local residents and regional visitors. This location offers retailers the opportunity to engage an affluent and active customer base in Fairfax County.
    Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Restaurant Panera Bread Take-out & Catering Dr. Dina Rosa Alternative Medicine Practice Ridemakerz LLC Production Facility Fairfax Urgent Care Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2279042
    Latitude
    38.8718835

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    FAQs

    What type of property is this?
    Retail space - 10,121 SF retail space near Mosaic District.
    Where is this retail space located?
    The property is located at 8191 Strawberry Lane Falls Church, VA.
    What are key features of this property?
    This property features: 10,121 SF Flagship opportunity in Merrifield Town Center.; Proximity to Mosaic District, Northern Virginia’s premier lifestyle center.; Positioned on the corner at the signalized intersection of Gallows Road and Strawberry Lane, ensuring maximum brand visibility and signage impact.
    (202) 489-3815
    We can help!
    Listing Contact
    Michael Zacharia
    Learn More
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    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
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