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    Washington St Falls Church, VA 22046

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    Washington St Falls Church, VA 22046

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    • Retail properties & Spaces
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Washington St

    Property type
    Retail properties & Spaces

    Description

    One City Center presents a unique investment opportunity in the thriving Falls Church, VA market. This mixed-use retail property boasts 11 available spaces ranging from 1,130 square feet to 29,879 square feet, offering flexibility for a variety of retail businesses. Located on S Washington St, zip code 22046, the property benefits from a high-traffic location with an average daily traffic count of 30,000 vehicles on West Broad Street. The surrounding area demonstrates strong demographics, including a population of 29,630 and an average household income of $98,537. The property itself features a substantial 228,917 square feet of retail gross leasable area (GLA), providing ample space for multiple tenants. This prime location in the Falls Church submarket offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a vibrant community. The diverse space options allow for businesses of various sizes and needs, creating a dynamic and thriving retail environment. This is a rare opportunity to secure retail space in a high-demand area with proven success. Contact us today to learn more about the available spaces and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Falls Church City
    State
    Virginia
    Longitude
    -77.1726
    Latitude
    38.8833

    Comparable in this City

    • Value Estimation by Request
      1,926 SF

      821 Broad St

      Restaurants • 1,926 SF
      821 Broad St, Falls Church, VA 22046
      View Details
    • Value Estimation by Request
      1,132 SF

      819 Broad St

      Retail properties & Spaces • 1,132 SF
      819 Broad St, Falls Church, VA 22046
      View Details
    • Value Estimation by Request
      7,900 SF

      130 Jefferson St

      Restaurants • 7,900 SF
      130 Jefferson St, Falls Church, VA 22046
      View Details
    • Value Estimation by Request
      3,058 SF

      819-821 Broad St

      Retail properties & Spaces • 3,058 SF
      819-821 Broad St, Falls Church, VA 22046
      View Details
    • Value Estimation by Request
      32,637 SF

      402 Broad St

      Retail properties & Spaces • 32,637 SF
      402 Broad St, Falls Church, VA 22046
      View Details
    • Value Estimation by Request
      10,000 SF

      800-900 Broad St

      Restaurants • 10,000 SF
      800-900 Broad St, Falls Church, VA 22046
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Falls Church Office Building For Sale

      Office building in the heart of Falls Church, excellent location.
      130 Little Falls St, Falls Church, VA 22046
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    • $4,300,000
      1,433 SF

      Retail Opportunity Near Founders Row

      Three freestanding buildings on a 25,234 SF lot.
      907 W Broad St, Falls Church, VA 22046
      View Details
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      1,280 SF

      Freestanding Retail Building in Falls Church

      Freestanding retail building near Founders Row development in Falls Church.
      901 W Broad St, Falls Church, VA 22046
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      1,132 SF

      Falls Church Retail Redevelopment Opportunity

      Redevelopment opportunity in Falls Church with retail zoning.
      819 W Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing
      1,280 SF

      Retail Building Near Founders Row

      Freestanding retail building near Founders Row development and metro.
      901 W Broad St, Falls Church, VA 22046
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      6,300 SF

      Commercial Condominiums on Leesburg Pike

      Four contiguous commercial condominiums totaling 6,300 SF for sale.
      112-116 E Broad St, Falls Church, VA 22046
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      889 RSF retail space for lease in Falls Church.
      603 W Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing

      Falls Church Retail Opportunity

      Freestanding retail building with large backyard and garage.
      819 W Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing

      Falls Church Commercial Space Available

      Office and retail spaces for lease in Falls Church.
      101 W Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing
      4,750 SF

      Restaurant Space Anchored by Aldi

      Restaurant space available with potential outdoor patio, anchored by Aldi.
      155-167 Hillwood Ave, Falls Church, VA 22046
      View Details
    • Contact for pricing
      3,041 SF

      Retail Space Available Q2 2025

      3,041 SF retail space available in Q2 2025.
      410 S Maple Ave, Falls Church, VA 22046
      View Details
    • Contact for pricing

      Retail Space Near New Development

      2,180 SF retail space near future Whole Foods.
      300 S Washington St, Falls Church, VA 22046
      View Details
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    Falls Church, VA 22046
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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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