Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2212 Pimmit Run Ln Falls Church, VA 22043-3819
    Back to Search
    Property profile & analytics

    2212 Pimmit Run Ln Falls Church, VA 22043-3819

    View on Map
    • Garden apartment buildings
    • 425,952 SF
    • 16.92 lot acres
    Off-Market
    Property ID
    US87-1130835
    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.
    Value Estimations
    $36,855,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2212 Pimmit Run Ln

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    16.92 lot acres
    Property size
    425,952 SF
    Zone code
    R-20(RESIDENTIAL 20 DU/AC
    Property type
    Garden apartment buildings
    APN
    040-3-01-0005-A
    APU
    0403010005A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2084
    Latitude
    38.9005
    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
    $702,747
    $14,060,000
    $46,600,070
    $60,660,070
    -
    $14,060,000
    $46,600,070
    $60,660,070

    Comparable in this City

    • Value Estimation
      $550,000
      1.21 Acres

      2208 Los Pueblos Ln

      GARDEN APT, COURT APT (5+ UNITS) • 1.21 Acres
      2208 Los Pueblos Ln, Falls Church, VA 22043-2278
      View Details
    • Value Estimation
      $26,180,000
      294,438 SF

      2200 Pimmit Run Ln

      GARDEN APT, COURT APT (5+ UNITS) • 294,438 SF
      2200 Pimmit Run Ln, Falls Church, VA 22043-3813
      View Details
    • Value Estimation
      $1,185,000
      12,722 SF

      7524 Broadway Dr

      GARDEN APT, COURT APT (5+ UNITS) • 12,722 SF
      7524 Broadway Dr, Falls Church, VA 22043-3656
      View Details
    • Value Estimation
      $30,600,000
      335,096 SF

      2250 Mohegan Dr

      GARDEN APT, COURT APT (5+ UNITS) • 335,096 SF
      2250 Mohegan Dr, Falls Church, VA 22043-2501
      View Details
    • Value Estimation
      $3,545,000
      38,211 SF

      2798 Hollywood Rd

      GARDEN APT, COURT APT (5+ UNITS) • 38,211 SF
      2798 Hollywood Rd, Falls Church, VA 22043-3619
      View Details
    • Value Estimation
      $4,845,000
      53,137 SF

      7600 Broadway Dr

      GARDEN APT, COURT APT (5+ UNITS) • 53,137 SF
      7600 Broadway Dr, Falls Church, VA 22043-3658
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,592 SF

      Medical Office Condo in Merrifield

      5,592 SF medical office condo near Mosaic District.
      2841 Hartland Rd, Falls Church, VA 22043
      View Details
    • $779,900
      0.19 Acres

      Falls Church Land Opportunity

      Land for sale in a desirable Falls Church location.
      7717 Fisher Dr, Falls Church, VA 22043
      View Details
    • $1,225,000
      3,500 SF

      Merrifield Medical Office Condo

      High-demand medical office, fully built-out.
      2841 Hartland Rd, Falls Church, VA 22043
      View Details
    • $949,900

      Two-Level Office Building in Tysons

      Two-level office building near 495 in Tysons.
      7643 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $899,000

      Leesburg Pike Investment Opportunity

      Fully-leased two-story office unit near Tysons Corner and Falls Church.
      7633 Leesburg Pike, Falls Church, VA 22043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,864 SF

      Renovated Office Space Near Metro

      Newly renovated office space with on-site management and metro access.
      2815 Hartland Rd, Falls Church, VA 22043
      View Details
    • $650 /Mo

      Office Space Near Route 66

      Office space for lease near Route 66.
      7139 Shreve Rd, Falls Church, VA 22043
      View Details
    • $650 /Mo
      7,501 SF

      Office Space Near Route 66

      Office space for lease near Route 66 in Falls Church.
      7139 Shreve Rd, Falls Church, VA 22043
      View Details
    • $2,100 /Mo

      Turnkey Dental Office Available

      Move-in ready dental suite in high-demand Northern Virginia market.
      7115 Leesburg Pike, Falls Church, VA 22043
      View Details
    • Contact for pricing

      Turnkey Dental Office Space

      Move-in ready dental suite in high-demand Northern Virginia market.
      7115 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $3,500 /Mo

      Furnished Room in Upscale Building

      Furnished room suitable for various professionals in Falls Church.
      7115 Leesburg Pike, Falls Church, VA 22043
      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.
    2212 Pimmit Run Ln
    Falls Church, VA 22043-3819
    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

    Thank You for Inquiry
    2212 Pimmit Run Ln, Falls Church, VA, 22043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!