Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1247 Easy St Woodbridge, VA 22191-2002

    • Retail space
    • 2,742 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    9.6%
    Retail space
    Location Intelligence
    Property ID
    US87-0914187
    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

    • Randall Funeral Home LLC / Funeral Home

    Property Details for 1247 Easy St

    Year built
    1951
    Lot size
    0.44 lot acres
    Property size
    2,742 SF
    Zone code
    GENERAL BUSINESS
    Property type
    Retail space
    APN
    8392-83-6880
    APU
    8392836880

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $875,000
      6.5%
      $810,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $718,000
      Market price range: $437k - $1.12M
      AI Estimate
      $741,000
      Market price range: $383k - $1.34M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $815,000
      Current use
      MEDICAL BUILDING
      $1,100,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbridge
    County
    Prince William
    State
    Virginia
    Longitude
    -77.2542
    Latitude
    38.6544
    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
    $4,520
    $201,200
    $233,200
    $434,400
    -
    $201,200
    $233,200
    $434,400

    Comparable in this City

    • Value Estimation by Request
      1,064 SF

      13308 Occoquan Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,064 SF
      13308 Occoquan Rd, Woodbridge, VA 22191-1042
      View Details
    • Value Estimation by Request
      999 SF

      13428 Occoquan Rd

      RETAIL STORES (PERSONAL SERVICES) • 999 SF
      13428 Occoquan Rd, Woodbridge, VA 22191-1743
      View Details
    • Value Estimation
      $1,210,000
      2,992 SF

      13976 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,992 SF
      13976 Richmond Hwy, Woodbridge, VA 22191-2011
      View Details
    • Value Estimation
      $735,000
      1,557 SF

      14100 Richmond Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,557 SF
      14100 Richmond Hwy, Woodbridge, VA 22191-2106
      View Details
    • Value Estimation
      $985,000
      3,787 SF

      13805 Mt Pleasant Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,787 SF
      13805 Mt Pleasant Dr, Woodbridge, VA 22191-2229
      View Details
    • Value Estimation
      $2,345,000
      9,552 SF

      13357 Rawls St

      RETAIL STORES (PERSONAL SERVICES) • 9,552 SF
      13357 Rawls St, Woodbridge, VA 22191
      View Details

    Similar Nearby for Sale

    • $7,425,000
      14,990 SF

      Woodbridge Retail Investment Opportunity

      Multi-tenant retail property in Woodbridge, Virginia, near Washington, D.C.
      14079 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • $7,950,000
      29,968 SF

      29,968 SF Retail Investment Opportunity

      Fully occupied retail building in high-traffic area with strong tenants.
      1391 E Longview Dr, Woodbridge, VA 22191
      View Details
    • $1,400,000
      1,557 SF

      Jefferson Davis Hwy Office Building

      Prime Woodbridge Office/Development Site
      14100 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • $1,299,000
      5,000 SF

      Woodbridge Office Building - Prime Location

      Versatile Office Space, Ample Parking, High Visibility
      1502 Featherstone Rd, Woodbridge, VA 22191
      View Details
    • $1,600,000

      Richmond Hwy Executive Office

      Prime Woodbridge Mixed-Use Development Site
      14008 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • $339,900

      Charming Brick-Front Townhome

      Comfortable 3-bedroom townhome with updated kitchen and convenient location.
      2907 Wetherburn Ct, Woodbridge, VA 22191
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,467 SF

      Retail Space in Stonebridge Center

      Retail space available in a grocery-anchored lifestyle center.
      15025 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      2,867 SF

      Retail Space in Stonebridge Center

      Grocery-anchored lifestyle center with retail space for lease.
      14901 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      5,561 SF

      Retail Space in Stonebridge Center

      Retail space available in a vibrant, grocery-anchored lifestyle center.
      15001 Potomac Town Pl, Woodbridge, VA 22191
      View Details
    • Contact for pricing
      2,939 SF

      Retail Space on Richmond Highway

      Retail space with frontage on high-traffic Richmond Highway.
      13804 Mount Pleasant Dr, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available in grocery-anchored center with high visibility.
      14527 Jefferson Davis Hwy, Woodbridge, VA 22191
      View Details
    • Contact for pricing

      Retail Space in Potomac Shores

      Retail space with high visibility near residential community.
      16531 River Ridge Blvd, Woodbridge, VA 22191
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1247 Easy St
    Woodbridge, VA 22191-2002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.