New search
Property profile & analytics
OFF-MARKET
Estimated value
$70,255,000
Investment properties
2251 Pimmit Dr Falls Church, VA 22043-2811
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0237380
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1978
Total area
425,118 SF
Lot
16.99 ac (740,263 SF)
Zoning code
PDH-20(RESIDENTIAL 20 DU)
APN
040-3-01-0004
UPID
US87-0237380
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
-
Peyser Dentistry Dental Office
-
Hair It Is Hair Salon Nail Salon
-
Fairfax Towers Grocery Grocery & Convenience Store Food Market
-
Eaves Fairfax Towers Real Estate Agency
-
Moving Junk Waste Management Facility Hazardous Waste Disposal
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$67.85M
Blend (final)
Blend
$70.26M
Owner & transaction history
Fairfax Towers Financing LP · 15 yrs held
Fairfax Towers Financing LP
since 2011
2 recorded transactions
Zoning & alternative use
PDH-20(RESIDENTIAL 20 DU) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.26M
Range $63.23M – $77.28M · ±10%
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
$165 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,290,020
Tax year 2024
Assessed value
$111,352,650
Assessed 2024
Previous assessed
$104,712,560
+6.3% YoY
Effective rate
1.16%
On assessed value
Assessed land
$12,865,000
Assessed improvement
$98,487,650
Land market value
$12,865,000
Improvement market value
$98,487,650
Total market value
$111,352,650
Applied tax rate
70,000.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1978
Heating
ELECTRIC
Cooling
YES
Stories
13
Rooms
1073
Total area
425,118 SF
Lot
16.99 ac (740,263 SF)
Zoning code
PDH-20(RESIDENTIAL 20 DU)
APN
040-3-01-0004
UPID
US87-0237380
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDH-20(RESIDENTIAL 20 DU) · Falls Church, VA
Zoning PDH-20(RESIDENTIAL 20 DU) · permitted uses
PDH-20(RESIDENTIAL 20 DU) · 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.
Building & site characteristics
From public records
Year built
1978
Heating
ELECTRIC
Cooling
Yes
Stories
13
Rooms
1073
Lot
16.99 ac
Current owner
From public records · entity-resolved
Fairfax Towers Financing LP
Entity
Free & Clear · 15 yrs held
Mailing address
4040 WILSON BLVD STE #1000, ARLINGTON, VA 22203-4439
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2011
$89,200,000
Fairfax Towers Financing LP
Fairfax Towers I LLC
Grant Deed
related
—
—
—
Fairfax Towers LLC
—
Deed Of Trust
related
$48,600,000 · Green Park Financial LP
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2251 Pimmit Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
