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Property profile & analytics

2922 Annandale Rd Falls Church, VA 22042-2108

  • Turn key restaurants
  • 6,793 SF
  • 0.93 lot acres
OFF-MARKET
Last Sale
May 25, 2021
$2,000,000
Value Estimations
$2,080,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-0798356
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 2922 Annandale Rd

Year built
1971
Construction
CONCRETE BLOCKS
Lot size
0.93 lot acres
Property size
6,793 SF
Zone code
C-8(HIGHWAY COMMERCIAL)
Property type
Turn key restaurants
APN
050-4-01-0061
APU
504010061

Description

This vacant 6,200 square foot building sits on an almost one-acre lot in Falls Church, Virginia (zip code 22042), boasting a prime location on Annandale Road. The property features approximately 230 feet of frontage and benefits from excellent visibility due to its position between Route 50/Arlington Blvd (69,000 vehicles per day) and Route 29/S Washington Blvd (22,000 vehicles per day). The C-8 zoning allows for a wide range of uses, including restaurant, brewery, banquet hall, catering facility, hotel, child care center, private school, veterinary hospital, or funeral home. Built in 1971, the property offers significant potential for redevelopment or repurposing. The surrounding area demonstrates strong demographics, with a population of approximately 170,000 within a three-mile radius and an average household income of approximately $200,000. Existing pylon signage is in place. This is a rare opportunity to acquire a high-visibility commercial property in a thriving location. The property is currently vacant.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,025,000
    ML approach
    $2,255,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,817,000
    Market price range: $2.82M - $9.31M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Falls Church
County
Fairfax
State
Virginia
Longitude
-77.1752
Latitude
38.8719
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,247
$866,210
$457,960
$1,324,170
-
$866,210
$457,960
$1,324,170
More about this property
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