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Property profile & analytics

1115 Broad St Falls Church, VA 22046-2135

  • Commercial real estate
  • 20,301 SF
  • 0.93 lot acres
OFF-MARKET
Last Sale
Nov 19, 2021
$199,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-0335352
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.

Current Use by Public Records

  • Perfect Auto Detail / Car Wash
  • City Auto Detail Company / Car Wash
  • M & R Taxi Company, Inc / Courier Service
  • Oscar's Body Shop / Auto Repair Shop

Property Details for 1115 Broad St

Year built
1939
Construction
TYPE NOT SPECIFIED
Lot size
0.93 lot acres
Property size
20,301 SF
Zone code
M-1 LIGHT INDUSTRIAL
Property type
Commercial real estate
APN
52-102-053
APU
52102053

Description

This exceptional 3,000 square foot auto repair shop is available for lease in the desirable Falls Church City location. The property features three vehicle lifts, significantly enhancing operational efficiency. All existing equipment, excluding tools, is included in the lease, providing a turnkey opportunity for a new business or expansion. The lease agreement includes a shared responsibility for utilities, with the tenant covering one-third of the utility costs and one-third of waste removal expenses. Tenant is responsible for maintaining cleanliness within the leased space. Additionally, the tenant will be responsible for their own air conditioning and heating costs, as well as the maintenance and operation of the sump pump. This presents a rare opportunity to acquire a well-equipped and strategically located auto repair facility in a thriving market. The single-tenant occupancy ensures exclusive use of the space, minimizing shared operational concerns. The inclusion of essential equipment streamlines the setup process, allowing for a rapid commencement of operations. The shared utility arrangement offers a balanced approach to cost management. The property's location within Falls Church City provides excellent access to a substantial customer base. This turnkey solution is ideal for established businesses seeking expansion or entrepreneurs looking to establish a new venture. The property's features and location combine to create a compelling investment opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Falls Church
County
Falls Church City
State
Virginia
Longitude
-77.1887
Latitude
38.8922
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
$47,538
$2,685,500
$1,179,400
$3,864,900
-
$2,685,500
$1,179,400
$3,864,900
More about this property
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