107 Park Pl Falls Church, VA 22046-4513
Property profile & analytics
107 Park Pl, Falls Church, VA 22046-4513
- Office Spaces
- 7,200 SF
- 0.38 lot acres
Property ID
US87-3311568
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.
Location Intelligence
Current Use by 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
Property Details for 107 Park Pl
- Year built
- 1980
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.38 lot acres
- Zone code
- B-2 CENTRAL.BUSINESS
- Property type
- Office Spaces
- APN
- 53-104-020
- APU
- 53104020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,730,000
- ML approach
- $2,730,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $1,930,000
- 7%
- $1,795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,761,000
Market price range: $1.34M - $3.94M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,400,000 Current use
- OFFICE BUILDING
- $1,950,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Falls Church
- County
- Falls Church City
- State
- Virginia
- Longitude
- -77.1692
- Latitude
- 38.8827
- 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
2023
$17,632
$915,600
$517,900
$1,433,500
-
$915,600
$517,900
$1,433,500
