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Property profile & analytics
OFF-MARKET Estimated value $2,730,000
Office Spaces

107 Park Pl Falls Church, VA 22046-4513

7,200 SF 0.38 ac lot Built 1980
Entity Owned 1-yr Hold Free & Clear
Property ID
US87-3311568
Property summary
AI-generated overview

This exceptional free-standing, all-brick commercial building at 107 Park Place in Falls Church, VA, presents a unique value-add investment opportunity. Spanning 7,200 square feet across three stories, this property offers a prime location in the heart of Falls Church, directly across from a new Whole Foods and a 300-unit apartment complex. The building's strategic location provides easy access to major transportation arteries, including Route 29, Route 7, I-66, VA-267, and the East Falls Church Metro Station. Its B-2 zoning allows for a variety of retail or office uses. Built in 1980 and renovated in 2015, the building features a new roof and HVAC systems, and each floor is separately metered for electricity. The 0.38-acre lot includes a private parking lot, with additional public parking readily available across the street. The asking price is $2,975,000 ($413.19/SF). Nearby amenities include the State Theater and Clare & Don's Beach Shack, along with numerous shops and restaurants. This property offers significant potential for an owner-user or investor seeking a strong foothold in a thriving, high-demand area. The property's APN is 53-104-020. The building's modified lease type provides flexibility for future tenants.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 7,200 SF
Lot 0.38 ac (16,649 SF)
Zoning code B-2 CENTRAL.BUSINESS
APN 53-104-020
UPID US87-3311568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dudley Digital Works Film Production Television Studio
  • Great Insurance Agency VA Insurance Agency
  • Fairfax-Falls Church Community Church
  • DC Video Studio Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.73M
CAP Approach CAP
$1.93M
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$2.73M
Owner & transaction history
Virginia Park Place LLC · 1 yrs held
Virginia Park Place LLC
since 2024
Last sale
$2.7M
2 recorded transactions
2024
$2.7M
1969
Price N/A
Zoning & alternative use
B-2 CENTRAL.BUSINESS · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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