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    Property profile & analytics

    246 Broad St Falls Church, VA 22046-4203

    • Retail space
    • 3,032 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 09, 2024
    Location Intelligence
    Property ID
    US87-1302391
    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

    • Lemon Lane Consignment / Clothing Store
    • Yoga Stretch and Move Yoga Therapy / Yoga Instructor / Service Establishment

    Property Details for 246 Broad St

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.08 lot acres
    Property size
    3,032 SF
    Zone code
    OD-MCA CITYHALL
    Property type
    Retail space
    APN
    51-106-002
    APU
    51106002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Falls Church City
    State
    Virginia
    Longitude
    -77.1729
    Latitude
    38.8838
    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
    $12,485
    $217,900
    $797,100
    $1,015,000
    -
    $217,900
    $797,100
    $1,015,000

    Comparable in this City

    • Value Estimation by Request
      1,048 SF

      808 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 1,048 SF
      808 Broad St, Falls Church, VA 22046-3106
      View Details
    • Value Estimation by Request
      18,053 SF

      444 Broad St, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 18,053 SF
      444 Broad St, Falls Church, VA 22046-3344
      View Details
    • Value Estimation by Request
      7,222 SF

      442 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 7,222 SF
      442 Washington St, Falls Church, VA 22046-4419
      View Details
    • Value Estimation
      $30,885,000
      1,019 SF

      410 Maple Ave, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 1,019 SF
      410 Maple Ave, Falls Church, VA 22046-4246
      View Details
    • Value Estimation by Request
      1,905 SF

      410 Maple Ave, Unit 112

      RETAIL STORES (PERSONAL SERVICES) • 1,905 SF
      410 Maple Ave, Falls Church, VA 22046-4246
      View Details
    • Value Estimation by Request
      2,460 SF

      709 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 2,460 SF
      709 Broad St, Falls Church, VA 22046-3221
      View Details

    Similar Nearby for Sale

    • $4,300,000
      1,433 SF

      Retail Opportunity Near Founders Row

      Three freestanding buildings on a 25,234 SF lot.
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      Three Freestanding Buildings For Sale

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      Redevelopment Opportunity Near Founders Row

      Corner lot zoned B-1, one block from Founders Row.
      821 W Broad St, Falls Church, VA 22046
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      1,280 SF

      Retail Building Near Founders Row

      Freestanding retail building near Founders Row development and metro.
      901 W Broad St, Falls Church, VA 22046
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      1,926 SF

      Falls Church Restaurant Redevelopment

      Prime Corner Lot, Owner-User Potential
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    • $4,300,000
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      Prime Location, Owner-User Opportunity
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    Similar Nearby for Lease

    • Contact for pricing
      7,900 SF

      Versatile Space with M-1 Zoning

      Adaptable commercial space with M-1 zoning in Falls Church.
      140 W Jefferson St, Falls Church, VA 22046
      View Details
    • Contact for pricing
      2,800 SF

      Retail & Restaurant Space Available

      Prime retail and restaurant spaces in vibrant Falls Church.
      111 E Broad St, Falls Church, VA 22046
      View Details
    • Contact for pricing
      880 SF

      Retail Space in Falls Church

      Retail space with high visibility and excellent demographics.
      105 E Annandale Rd, Falls Church, VA 22046
      View Details
    • Contact for pricing
      3,041 SF

      Retail Space Available Q2 2025

      3,041 SF retail space available in Q2 2025.
      410 S Maple Ave, Falls Church, VA 22046
      View Details
    • Contact for pricing
      1,524 SF

      Retail Space in Falls Church

      1,524 SF retail space inside the Beltway.
      116 E Fairfax St, Falls Church, VA 22046
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    • $37 SF/Yr
      2,180 SF

      Retail Space in Falls Church

      Retail spaces available near new Whole Foods-anchored mixed-use project.
      336 S Washington St, Falls Church, VA 22046
      View Details
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    246 Broad St
    Falls Church, VA 22046-4203
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    Realmo Value Estimation

    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.

    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.

    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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