4-Property Retail Storefront
7121 Leesburg Pike, Falls Church, VA 22043
For Sale
Contact for pricing
Four retail condominium properties form part of a mixed-use community near Metro service.
Property Size7,575 SF
Price / SF$957.10
Days on Market30
Property Features for 7121 Leesburg Pike
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Listing Agency:
Pacific Realty
Listed By:
Jackie Lee · License #0225214463
Source:
Crexi
Added: Oct 11
Changed: Nov 8
Last Checked: Nov 8 at 5:42PM
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 Pacific Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The portfolio contains four retail condominium properties totaling 7,575 SF of retail space. The storefront assets are part of a mixed-use community.
Located at 7121 Leesburg Pike in Falls Church, the properties lie along the Route 7 corridor and across from West Falls, a newly developed community. Metro service is nearby, and the site has access to Route 66 and Interstate 495.
Located at 7121 Leesburg Pike in Falls Church, the properties lie along the Route 7 corridor and across from West Falls, a newly developed community. Metro service is nearby, and the site has access to Route 66 and Interstate 495.
Key Highlights
- Four retail condominium properties offered as a portfolio
- 7,575 SF of combined retail space
- Situated along the Route 7 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,757
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,155,140
$4.2M
Cap Rate 7%
$2,967,957
$3.0M
Cap Rate 9%
$2,308,411
$2.3M
Market Conditions
NOI Build-Up for 7,575 SF
Gross rent
$307.2K $40.56/SF
− Vacancy
−$10.4K −$1.38/SF
EGI
$296.8K $39.18/SF
− OpEx
−$89.0K −$11.75/SF
NOI
$207.8K $27.43/SF
Area
Fairfax County, VA
Vacancy
3.40%
Lease Rate
$40.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,155,140
Cap Rate 7%
$2,967,957
Cap Rate 9%
$2,308,411
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.46M
NOI $207,757 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.21M
$3.68M – $4.91M
NOI $294,516 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
171k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Shops & Services 21%
Dining 19%
Beauty & Spa 3%
Trader Joe's
Groceries
51,677 visits/mo
0.4 miles
Whole Foods Market
Groceries
40,583 visits/mo
0.4 miles
Exxon
Shops & Services
14,004 visits/mo
0.4 miles
Ledo Pizza
Dining
10,736 visits/mo
0.4 miles
Starbucks
Dining
10,674 visits/mo
0.4 miles
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
Market
Properties on Market for Storefront properties in Fairfax County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Four retail condominium properties form part of a mixed-use community near Metro service.
Where is this storefront property located?
The property is located at 7121 Leesburg Pike Falls Church, VA.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Four retail condominium properties offered as a portfolio; 7,575 SF of combined retail space; Situated along the Route 7 corridor
