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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15500 Rte 29 Centreville, VA 20120-2129

    • Office buildings
    • 12,748 SF
    • 6.52 lot acres
    OFF-MARKET
    Value Estimations
    $3,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0136984
    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

    • Office buildings

    Property Details for 15500 Rte 29

    Year built
    1946
    Construction
    BRICK
    Lot size
    6.52 lot acres
    Property size
    12,748 SF
    Zone code
    RC(RES CONSERVATION 1DU/5
    Property type
    Office buildings
    APN
    064-1-01-0006
    APU
    641010006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,290,000
      6.5%
      $3,960,000
      7%
      $3,675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,788,000
      Market price range: $2.79M - $3.98M
      AI Estimate
      $2,664,000
      Market price range: $2.66M - $3.26M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,435,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,700,000
      Change: +37% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,335,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,255,000
      Change: +24% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,740,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4848
    Latitude
    38.829
    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
    2024
    $8,155
    $634,360
    $1,000
    $635,360
    -
    $634,360
    $1,000
    $635,360

    Comparable in this City

    • Value Estimation
      $40,505,000
      164,571 SF

      5870 Trinity Pkwy

      OFFICE BUILDING • 164,571 SF
      5870 Trinity Pkwy, Centreville, VA 20120-1974
      View Details
    • Value Estimation
      $3,255,000
      13,223 SF

      13924 Braddock Rd

      OFFICE BUILDING • 13,223 SF
      13924 Braddock Rd, Centreville, VA 20120-1990
      View Details
    • Value Estimation
      $23,660,000
      96,131 SF

      5885 Trinity Pkwy

      OFFICE BUILDING • 96,131 SF
      5885 Trinity Pkwy, Centreville, VA 20120-1972
      View Details
    • Value Estimation
      $39,385,000
      160,018 SF

      5860 Trinity Pkwy

      OFFICE BUILDING • 160,018 SF
      5860 Trinity Pkwy, Centreville, VA 20120-1997
      View Details
    • Value Estimation
      $1,595,000
      11,476 SF

      5895 Trinity Pkwy

      OFFICE BUILDING • 11,476 SF
      5895 Trinity Pkwy, Centreville, VA 20120-1995
      View Details
    • Value Estimation
      $1,280,000
      4,368 SF

      5714 Sully Rd

      OFFICE BUILDING • 4,368 SF
      5714 Sully Rd, Centreville, VA 20120-1902
      View Details

    Similar Nearby for Sale

    • $749,000
      3.47 Acres

      Centreville Commercial Land Opportunity

      3.47-acre commercially zoned land near major routes.
      5644 Pickwick Rd, Centreville, VA 20120
      View Details
    • $749,000

      Centreville Commercially Zoned Land

      3.47-acre commercially zoned land near Route 29 and Pickwick.
      5644 Pickwick Rd, Centreville, VA 20120
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    • Contact for pricing
      0.02 Acres

      Centreville Retail Condo - Great Location

      Updated 1000 sq ft retail space, vacant.
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      View Details
    • $1,750,000
      2.48 Acres

      Prime Commercial Land Opportunity

      2.48 acres of C-8 zoned land near Lee Highway.
      13933-13937 Braddock Rd, Centreville, VA 20120
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    • $2,250,000
      12,748 SF

      Centreville Redevelopment Opportunity

      6.5-Acre Commercial Lot, High Traffic
      15500 Lee Hwy, Centreville, VA 20120
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    • $599,000
      5.19 Acres

      Spacious Residential Lot in Centreville

      5.19-acre lot in Hunter's Pond and Foxmont community.
      6500 Bull Run Woods Trl, Centreville, VA 20120
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    Similar Nearby for Lease

    • Contact for pricing

      Centreville Office Space For Rent

      Single tenant office building with 18,886 square feet available.
      5870 Trinity Pkwy, Centreville, VA 20120
      View Details
    • $2,400 /Mo

      Centreville Office Space Available

      Versatile office space suitable for medical or professional use.
      5717 Centre Square Dr, Centreville, VA 20120
      View Details
    • Contact for pricing
      6,108 SF

      Centreville Office Space for Rent

      Office space with lake views, amenities, and tenant-focused ownership.
      5875 Trinity Pkwy, Centreville, VA 20120
      View Details
    • $3,250 /Mo

      Office Suites in Village Center

      Office suites for lease with elevator access in Centreville.
      5675 Stone Rd, Centreville, VA 20120
      View Details
    • $1,750 /Mo

      Centre Square Condo Updated Unit

      Updated condo unit in Centre Square, suitable for various uses.
      5719 Centre Square Dr, Centreville, VA 20120
      View Details
    • Contact for pricing
      934 SF

      Centreville Office Space For Rent

      Office space available in a convenient shopping destination.
      5667-5675 Stone Rd, Centreville, VA 20120
      View Details
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    Centreville, VA 20120-2129
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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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