Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5700 Pickwick Rd Centreville, VA 20121-4730

    • Community centers
    • 37,687 SF
    • 3.80 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1886182
    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

    • Express Centreville Appliance Repair / Appliance Repair Service / Refrigerator Repair Service
    • Mattress Firm Pickwick / Mattress Store / Bed Shop

    Property Details for 5700 Pickwick Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    3.80 lot acres
    Property size
    37,687 SF
    Zone code
    C-6(COMMUNITY RETAIL)
    Property type
    Community centers
    APN
    054-4-01-0116
    APU
    544010116

    Description

    Pickwick Square Shopping Center, located at 5700 Pickwick Road, Centreville, Virginia 20121, presents a compelling retail investment opportunity. Situated at the intersection of Pickwick Road and Lee Highway in Fairfax County, this multi-tenant property boasts a total of 38,155 square feet. Currently, there is 3,556 square feet of vacant space available, including one unit of 1,500 square feet, ideal for a variety of retail businesses. The property's prime location ensures high visibility and accessibility for customers. The shopping center benefits from significant foot traffic due to its strategic placement within a well-established commercial area. This makes it an attractive option for businesses seeking a strong presence in a thriving Centreville market. The property's existing infrastructure is well-maintained, providing a ready-to-occupy space for new tenants. The available space offers a flexible layout adaptable to various retail concepts. This is a chance to secure a foothold in a bustling retail environment with excellent potential for growth and return on investment. Further details regarding lease terms and conditions are available upon request. The property is conveniently located in Fairfax County, Virginia, offering easy access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,165,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,515,000
      Market price range: $589k - $2.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4239
    Latitude
    38.8382
    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
    $163,551
    $5,298,720
    $7,443,890
    $12,742,610
    -
    $5,298,720
    $7,443,890
    $12,742,610

    Comparable in this City

    • Value Estimation
      $1,060,000
      36,956 SF

      6345 Multiplex Dr

      MINI-MALL • 36,956 SF
      6345 Multiplex Dr, Centreville, VA 20121-5327
      View Details
    • Value Estimation by Request
      173,935 SF

      13810 Braddock Rd

      MINI-MALL • 173,935 SF
      13810 Braddock Rd, Centreville, VA 20121-2487
      View Details
    • Value Estimation
      $295,000
      8,440 SF

      6317 Multiplex Dr

      MINI-MALL • 8,440 SF
      6317 Multiplex Dr, Centreville, VA 20121-5327
      View Details
    • Value Estimation
      $1,485,000
      111,330 SF

      14200 Centreville Sq

      MINI-MALL • 111,330 SF
      14200 Centreville Sq, Centreville, VA 20121
      View Details
    • Value Estimation
      $1,050,000
      57,269 SF

      6335 Multiplex Dr

      MINI-MALL • 57,269 SF
      6335 Multiplex Dr, Centreville, VA 20121-5327
      View Details
    • Value Estimation by Request
      200,366 SF

      5900-6075 Saint Germain Dr

      Lifestyle centers • 200,366 SF
      5900-6075 Saint Germain Dr, Centreville, VA 20121
      View Details

    Similar Nearby for Sale

    • $595,000

      Spacious Townhome in Little Rocky Run

      Three-bedroom townhome with finished basement, deck, and fenced backyard.
      13939 Waterflow Pl, Centreville, VA 20121
      View Details
    • $550,000
      5.09 Acres

      Centreville Land Opportunity

      5-acre wooded lot to build your dream home.
      7400 Bull Run Dr, Centreville, VA 20121
      View Details
    • $945,000

      Specialty Property for Sale

      Specialty property available for purchase.
      15056 Brown Post Ln, Centreville, VA 20121
      View Details
    • Contact for pricing

      Centreville Office Space For Lease

      Prime Centreville location, 1382 sq ft.
      14701 Lee Hwy, Centreville, VA 20121
      View Details
    • $580,000

      Specialty Property for Sale

      Specialty property available for purchase.
      13678 Water Springs Ct, Centreville, VA 20121
      View Details
    • $575,000
      5.00 Acres

      Centreville Land Opportunity

      5+ acre residential lot in Fairfax County.
      15119- Compton Rd, Centreville, VA 20121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      200,366 SF

      Centreville Retail Space Available

      Prime Centreville shopping center space.
      5900-6075 Saint Germain Dr, Centreville, VA 20121
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Traffic Corridor

      Retail space available near dining and movie theater.
      6335 Multiplex Dr, Centreville, VA 20121
      View Details
    • $18 SF/Yr
      171,631 SF

      Centreville Retail Space Available

      Prime Centreville retail space, multiple suites.
      13810 Braddock Rd, Centreville, VA 20121
      View Details
    • Contact for pricing
      3,548 SF

      Centreville Medical Office Space

      Prime Medical Office, Build-to-Suit
      6130 Redwood Square Ctr, Centreville, VA 20121
      View Details
    • $1,950 /Mo

      Move-in Ready Office Condo

      Modern office condo with excellent connectivity and healthcare-ready features.
      14637 Lee Hwy, Centreville, VA 20121
      View Details
    • Contact for pricing

      Prime Commercial Pad Site Available

      Highly visible 0.77-acre pad site in Centreville's retail core.
      14000 W View Dr, Centreville, VA 20121
      View Details
    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.
    5700 Pickwick Rd
    Centreville, VA 20121-4730
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.