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

    3141 Fairview Park Dr Falls Church, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Recently renovated Class A office building in Merrifield submarket.

    Type:OFFICE
    Property size:
    199,783 SF
    Lot size:
    5.61 Acres
    Added:
    Sep 15, 2025
    Days on Market:
    224
    Last Refresh:
    Apr 5 at 9:28 pm

    Property Features for 3141 Fairview Park Dr

    General Information

    Standard status
    Active
    Size
    199,783 SF
    Lot size
    5.61 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Mark Sullivan

    Listing agent Mark Sullivan

    Listing office Colliers | Washington DC

    Listing date Sep 15, 2025

    Source Moodyscre

    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 Colliers | Washington DC

    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 Law Firm Grad & Logan PC Law Firm NRI Charitable Organization Licentia Financial, LLC Financial Advisor

    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
    -77.2159
    Latitude
    38.8605

    Nearby Similar for Sale

    • $430,000

      Spacious Office Suite in Falls Church

      Large 1,865 SF office suite with flexible layout.
      6400-P SEVEN CORNERS Place, FALLS CHURCH, VA 22044
      View Details
    • $425,000

      Falls Church Office Condo For Sale

      Highly visible, street-level office condo in Falls Church, Virginia.
      5623 COLUMBIA PIKE, FALLS CHURCH, VA 22041
      View Details
    • $949,900

      Falls Church Office Building For Sale

      Two-level office building near 495 in Tysons Corner.
      7643 LEESBURG Pike, FALLS CHURCH, VA 22043
      View Details
    • $2,950,000

      Falls Church Office Building For Sale

      Three-story office building with 23,283 SF in Falls Church.
      210 E BROAD Street, FALLS CHURCH, VA 22046
      View Details
    • $629,900

      Commercial Townhouse in Falls Church

      Commercial townhouse in a high-traffic, easily accessible location.
      7297 ROUTE 29, FALLS CHURCH, VA 22042
      View Details
    • $290,000

      Sun-Drenched Corner Office Suite

      Move-in ready, furnished office with abundant natural light.
      5661 COLUMBIA Pike, FALLS CHURCH, VA 22041
      View Details
    • $999,999

      Bright Open Space Condo

      Spectacular condo with high ceilings and ample parking.
      513 W BROAD Street, FALLS CHURCH, VA 22046
      View Details
    • $450,000

      Falls Church Office Suite

      Well-maintained office suite in a professionally managed building.
      7115 LEESBURG PIKE #317, FALLS CHURCH, VA 22043
      View Details
    • $624,999

      West Falls Church Office Condo

      Highly visible office condo near West Falls Church Metro.
      7121 -e Leesburg Pike #2-2, FALLS CHURCH, VA 22043
      View Details
    • $675,000

      Prime Office Condo Near Metro

      Highly visible office condo near West Falls Church Metro.
      7121 -e Leesburg Pike #2-2, FALLS CHURCH, VA 22043
      View Details
    • $949,900

      Two-Level Office Building in Tysons

      Two-level office building near 495 in Tysons.
      7643 Leesburg Pike, FALLS CHURCH, VA 22043
      View Details
    • $1,295,000
      1,500 SF

      Upscale Salon on Leesburg Pike

      Turnkey salon in prime location near Tysons Corner.
      7121 -e Leesburg Pike #2-1, FALLS CHURCH, VA 22043
      View Details

    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Sullivan
    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!