Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Retail Building in Falls Church Title is generated by Realmo AI

    901 W Broad St, Falls Church, VA 22046

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Freestanding retail building near Founders Row development in Falls Church.

    Type:Retail
    Property size:
    1,280 SF
    Added:
    Jun 5, 2024
    Days on Market:
    726
    Last Refresh:
    May 12 at 9:46 pm

    Property Features for 901 W Broad St

    General Information

    Standard status
    Active
    Size
    1,280 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Erik Ulsaker

    Listing agent Erik Ulsaker License #0225097564

    Listing office Divaris Real Estate Inc DC Regional Office

    Listing date Jun 5, 2024

    Source Crexi

    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 Divaris Real Estate Inc DC Regional Office

    HighLights

    • Freestanding retail building in the heart of Falls Church.
    • High visibility location in an affluent urban community.
    • Ideal for owner/user.
    • Located within 500 feet of the new “Founders Row” development (95,000 SF retail, 322 apartments, 127 hotel rooms).
    • Corner lot location (W Broad St & South Spring St).
    • Located in a vibrant community.

    Overview

    This freestanding retail building is located in the heart of Falls Church, offering an opportunity for an owner/user to acquire a property with high visibility in an affluent urban community. The property is situated at the corner of W Broad St & South Spring St in Falls Church, Virginia. The building has a size of 1280 square feet. It is located within 500 feet of the new Founders Row development, which includes 95,000 square feet of retail space, 322 apartments, and 127 hotel rooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mr Fix - Phones, ... Computer & Electronic Repair Frank H Tichauer ... Physician US Penny & Coin ... (Bike/Boat/Book/etc) Store Falls Church-Tysons Foot ... Medical Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1822053
    Latitude
    38.8891406

    Nearby Similar for Sale

    • $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
    • $2,950,000
      23,283 SF

      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
    • $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
    • $550,000

      Falls Church Commercial Office Space

      Bright office space in a convenient Falls Church location.
      5985 COLUMBIA Pike, FALLS CHURCH, VA 22041
      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
    • $430,000
      1,865 SF

      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
    • $999,999

      Bright Open Space Condo

      Spectacular condo with high ceilings and ample parking.
      513 W BROAD Street, FALLS CHURCH, VA 22046
      View Details
    • $275,000

      Turnkey Office Condo For Sale

      Office condo with four private offices, reception, kitchenette, restroom.
      5985 COLUMBIA Pike, FALLS CHURCH, VA 22041
      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
    • $629,900
      1,500 SF

      Commercial Townhouse in Falls Church

      Commercial townhouse in a high-traffic, easily accessible location.
      7297 ROUTE 29, FALLS CHURCH, VA 22042
      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
    • $430,000
      1,865 SF

      Spacious Falls Church Office Suite

      Large 1,865 SF office suite in Seven Corners.
      6400 SEVEN CORNERS 1P, Falls Church, VA 22044
      View Details

    FAQs

    What type of property is this?
    Storefront property - Freestanding retail building near Founders Row development in Falls Church.
    Where is this storefront property located?
    The property is located at 901 W Broad St Falls Church, VA.
    What are key features of this property?
    This property features: Freestanding retail building in the heart of Falls Church.; High visibility location in an affluent urban community.; Ideal for owner/user.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Erik Ulsaker
    Real Estate License ID: 0225097564
    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

    Thank You for Inquiry
    901 W Broad St, Falls Church, VA 22046
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!