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    6937 Columbia Rd Annandale, VA 22003

    • Commercial real estate
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6937 Columbia Rd

    Year built
    1955
    Property type
    Commercial real estate

    Description

    This historic Annandale, VA chapel offers a unique rental opportunity. The main chapel, seating approximately 106, is available for lease on Sunday mornings and one weekday per week. Ample parking is provided for attendees. The building is rich in history and requires responsible upkeep

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Annandale
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1851
    Latitude
    38.834

    Comparable in this City

    • Value Estimation
      $455,000
      7,402 SF

      7139 Columbia Pike

      COMMERCIAL (GENERAL) • 7,402 SF
      7139 Columbia Pike, Annandale, VA 22003-3146
      View Details
    • Value Estimation
      $635,000
      4,140 SF

      4206 John Marr Dr

      COMMERCIAL (GENERAL) • 4,140 SF
      4206 John Marr Dr, Annandale, VA 22003-3203
      View Details
    • Value Estimation
      $450,000
      2,307 SF

      Annandale, VA 22003

      COMMERCIAL (GENERAL) • 2,307 SF
      Annandale, VA 22003
      View Details
    • Value Estimation
      $400,000
      0.41 Acres

      7023 Columbia Pike

      COMMERCIAL (GENERAL) • 0.41 Acres
      7023 Columbia Pike, Annandale, VA 22003-3460
      View Details
    • Value Estimation
      $350,000
      4,070 SF

      7119 Columbia Pike

      COMMERCIAL (GENERAL) • 4,070 SF
      7119 Columbia Pike, Annandale, VA 22003-3107
      View Details
    • Value Estimation by Request
      5,444 SF

      5001 Backlick Rd

      Commercial real estate • 5,444 SF
      5001 Backlick Rd, Annandale, VA 22003
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Annandale Chapel Rental

      Charming Chapel & Office Space Available
      6937 Columbia Rd, Annandale, VA 22003
      View Details
    • $13,500,000
      5,444 SF

      Annandale Commercial Land Trio

      Prime Annandale location, three parcels, 3.5 acres.
      5001 Backlick Rd, Annandale, VA 22003
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    • $395,000

      Annandale Office Suites For Sale

      Ground floor office suites in wellness-focused business park, Annandale, VA.
      7202-A Poplar St, Annandale, VA 22003
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    • $319,900

      Renovated Office Condo For Sale

      Renovated office condo located on the parking lot level.
      7361 Mcwhorter Pl, Annandale, VA 22003
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    • $560,000

      Annandale Specialty Property For Sale

      Specialty property available for purchase in Annandale, Virginia.
      4536 Garbo Ct, Annandale, VA 22003
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    • $900,000

      Masonville Drive Specialty Property

      Specialty property available for sale in Annandale, Virginia.
      7406 Masonville Dr, Annandale, VA 22003
      View Details

    Similar Nearby for Lease

    • $575 /Mo

      Office Space For Lease

      Office space available with utilities and WiFi included.
      7361 Mcwhorter Pl, Annandale, VA 22003
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Annandale Center

      Grocery-anchored shopping center space for lease in Annandale, Virginia.
      7408-7448 Little River Tpke, Annandale, VA 22003
      View Details
    • Contact for pricing
      2,750 SF

      Retail Space in High-Traffic Center

      Retail space with high visibility, anchored by Giant.
      6900 Bradlick Shopping Ctr, Annandale, VA 22003
      View Details
    • $3,000 /Mo

      Spacious Townhouse in Annandale, VA

      Well-maintained 3-bedroom, 3.5-bathroom end-unit townhouse for rent.
      4405 Elan Ct, Annandale, VA 22003
      View Details
    • $3,750 /Mo

      Annandale Retail Space For Rent

      First-floor retail spaces available in the heart of Annandale.
      4316 Markham St, Annandale, VA 22003
      View Details
    • $1,700 /Mo

      Annandale Office Suite For Lease

      Ground floor office suite in wellness-focused business park.
      7202-A Poplar St, Annandale, VA 22003
      View Details
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    6937 Columbia Rd
    Annandale, VA 22003
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    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
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