Falls Church Commercial Real
248 W BROAD STREET, Falls Church, VA 22046
Prime commercial property in a rapidly growing area.
Type:Commercial/Industrial
Property size:
7,800 SFLot size:
0.15 AcresPrice / SF:
$493/SF- Added:
- Feb 3, 2025
- Days on Market:
- 482
- Last Refresh:
- May 20 at 1:58 am
Property Features for 248 W BROAD STREET
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1970
Listing agent Matt C Quinn License #0225089311 (703) 608-7676
Listing office Virginia Integrity Realty, LLC (703) 608-7676
Listing date Feb 3, 2025
Source Exitrealty
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 Virginia Integrity Realty, LLC
HighLights
- Prime commercial real estate in Falls Church, available for the first time in generations.
- Located in an area with low retail vacancy rates (less than 3%) and high traffic (approx. 25,000 cars daily).
- High‑affluence zip code.
- Proximity to new 43,000 sq ft Whole Foods and a 2016 mixed‑use building with Harris Teeter and 600+ condos.
- 7800 gross square foot building.
- Opportunity to continue operating the existing antique store.
Overview
This commercial real estate in Falls Church, available for the first time in generations, encompasses a 7800 gross square foot building. For the last 40 years, the building has housed the Falls Church Antique Company, and the owner is willing to consider buyers who would like to keep the antiques store. Falls Church has some of the lowest retail vacancy rates, often less than 3%, and sees approximately 25,000 cars daily. It is located in one of the most affluent zip codes in the country. The property is situated two blocks from a new 43,000 square foot Whole Foods in a new mixed-use building and across the street from a mixed-use building built in 2016 with a Harris Teeter, with over 600 condos in those two buildings. This is a chance to own a commercial property in one of the fastest-growing places in the region.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $316.4k | $40.56 |
| − Vacancy | −$10.8k | −$1.38 |
| EGI | $305.6k | $39.18 |
| − OpEx | −$91.7k | −$11.75 |
| NOI | $213.9k | $27.43 |
7,800 SF · lease $40.56/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.06M
$2.67M – $3.57M
NOI $213,928 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.70M
$28.61M – $38.14M
NOI $2,288,696 @ 7.0% cap · market cap 59.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Stylish Patina Home, ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Falls Church
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1731
- Latitude
- 38.8838
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Prime commercial property in a rapidly growing area.
Where is this storefront property located?
The property is located at 248 W BROAD STREET Falls Church, VA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Prime commercial real estate in Falls Church, available for the first time in generations.; Located in an area with low retail vacancy rates (less than 3%) and high traffic (approx. 25,000 cars daily).; High‑affluence zip code.
