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

    S Washington St Falls Church, VA 22046

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

    Retail space with high traffic and strong demographics.

    Type:Retail
    Property size:
    228,917 SF
    Added:
    May 16, 2023
    Days on Market:
    1080
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for S Washington St

    General Information

    Standard status
    Active
    Size
    228,917 SF
    Property subtype
    Retail

    Spaces For Lease

    at S Washington St Contact us

    We can help!

    Listing Contact
    Jake Levin

    Listing agent Jake Levin License #VA

    Listing office NAI KLNB (Tysons, VA)

    Listing date May 16, 2023

    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 NAI KLNB (Tysons, VA)

    Overview

    Retail Space on West Broad

    This retail space benefits from a location on West Broad Street, which sees an average daily traffic of 30,000 vehicles. The surrounding area has a population of 29,630 and an average household income of $98,537. The retail GLA (Gross Leasable Area) in the vicinity totals 228,917 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.170074
    Latitude
    38.882556

    Nearby Similar for Lease

    • $3,500/Mo

      Furnished Room in Upscale Building

      Furnished room suitable for various professionals in Falls Church.
      7115 LEESBURG Pike, FALLS CHURCH, VA 22043
      View Details
    • $4,000/Mo

      Falls Church Commercial Townhouse Rental

      Commercial townhouse for rent in a high-traffic Falls Church location.
      7297-E ROUTE 29, FALLS CHURCH, VA 22042
      View Details
    • $650/Mo

      Office Space Near Route 66

      Office space for lease near Route 66 in Falls Church.
      7139 SHREVE Road, FALLS CHURCH, VA 22043
      View Details
    • $2,000/Mo

      Office Suite in Falls Church

      Upper-level office suite with utilities included, near amenities.
      103-TOP FLOOR ROWELL Court, FALLS CHURCH, VA 22046
      View Details
    • $2,400/Mo

      Falls Church Office Space Available

      Office space for lease in Falls Church, available now.
      101 W BROAD Street, FALLS CHURCH, VA 22046
      View Details
    • $900/Mo

      Office Space in Falls Church

      Upper-level office space with reception and windowed inner office.
      210 BROAD Street E, FALLS CHURCH, VA 22046
      View Details
    • $900/Mo

      Office Space in Falls Church

      Office space for lease in Falls Church, Virginia.
      210 BROAD Street E, FALLS CHURCH, VA 22046
      View Details
    • $5,192/Mo

      Falls Church Office Space Available

      Two floors of office space for lease in Falls Church.
      301 PARK Avenue, FALLS CHURCH, VA 22046
      View Details
    • $4 SF/Yr

      Falls Church Office Sublease Opportunity

      Plug-and-play office suite available for sublease through July 2030.
      6400 ARLINGTON Blvd, Falls Church, VA 22042
      View Details
    • $2,000/Mo

      Office Suite in Old Brick

      Upper-level office suite with utilities included, near WFC Metro.
      103 ROWELL Ct, Falls Church, VA 22046
      View Details
    • $650/Mo

      Office Space Near Route 66

      Office space for lease near Route 66.
      7139 SHREVE Rd, Falls Church, VA 22043
      View Details
    • $2,100/Mo

      Turnkey Dental Office Available

      Move-in ready dental suite in high-demand Northern Virginia market.
      7115 Leesburg Pike #216, FALLS CHURCH, VA 22043
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic and strong demographics.
    Where is this retail space located?
    The property is located at S Washington St Falls Church, VA.
    What are key features of this property?
    This property features: High Traffic Location: 30,000 Average Daily Traffic on West Broad Street; Significant Retail GLA: 228,917 SF Retail GLA; Strong Demographics: $98,537 Average Household Income
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jake Levin
    Real Estate License ID: VA
    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!