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Property profile & analytics
OFF-MARKET
Estimated value
$41,595,000
High-rise multifamily apartments
210 Fairfax St Falls Church, VA 22046-2924
Entity Owned
4-yr Hold
Free & Clear
Property ID
US87-0446713
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1964
Construction
STEEL FRAME
Total area
164,679 SF
Lot
4.82 ac (209,785 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
53-115-009
UPID
US87-0446713
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
-
Ebert Audio - Music Producer Jim Ebert Recording Studio
-
Merrill House Apartments Apartment Complex Apartment Building
-
International Purpose Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$41.60M
Owner & transaction history
Er Falls Church Tic LLC · 4 yrs held
Er Falls Church Tic LLC
since 2022
Last sale
$42.1M
4 recorded transactions
Zoning & alternative use
R-M RES.MULTIFAMILY · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$33.8M
+56.0%
Commercial (general)
$28.1M
+30.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Falls Church submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falls Church submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$43,345,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,075,000
6.5%
$38,835,000
7%
$36,065,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$33,775,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$28,145,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$41.60M
Range $37.44M – $45.75M · ±10% · vs last sale $42.10M (May 18 2022)
Last sale anchor
$42.10M
May 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$253 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$491,695
Tax year 2023
Assessed value
$39,975,200
Assessed 2024
Previous assessed
$36,544,800
+9.4% YoY
Effective rate
1.23%
On assessed value
Assessed land
$15,734,900
Assessed improvement
$24,240,300
Land market value
$15,734,900
Improvement market value
$24,240,300
Total market value
$39,975,200
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
7
Total area
164,679 SF
Lot
4.82 ac (209,785 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
53-115-009
UPID
US87-0446713
Jurisdiction
FALLS CHURCH CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R-M RES.MULTIFAMILY · Falls Church, VA
Zoning R-M RES.MULTIFAMILY · permitted uses
R-M RES.MULTIFAMILY · Falls Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falls Church. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$33.8M
COMMERCIAL (GENERAL)
Est. value
$28.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
7
Lot
4.82 ac
Current owner
From public records · entity-resolved
Er Falls Church Tic LLC
Entity
Free & Clear · 4 yrs held
Mailing address
125 PARK AVE FL, NEW YORK, NY 10017-5529
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Er Falls Church Tic LLC
—
Deed
related
$32,575,000 · Capital One NA
Jul 13, 2022
—
Er Falls Church Tic LLC
—
Deed
related
$32,575,000 · Capital One NA
May 18, 2022
$42,100,000
Er Falls Church Tic LLC
Air Merrill House LLC
Special Warranty Deed
—
—
—
Aimco Merrill House LLC
—
Deed Of Trust
related
$3,525,000 · Keycorp R E Capital Marketing
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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