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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office Spaces
256 Washington St Falls Church, VA 22046-4517
Entity Owned
Free & Clear
Property ID
US87-0070408
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Construction
FRAME
Total area
3,036 SF
Lot
0.03 ac (1,102 SF)
Zoning code
B-1 LTD.BUS
APN
53-104-041
UPID
US87-0070408
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
-
Fama Linda D Physician Medical Clinic
-
Think Happy Live Healthy Crisis Center Medical Clinic
-
Rachel Labelle Physician Medical Clinic
-
Christine Willing Physician Medical Clinic
-
Dr. Yasmin Jilla Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$815k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$895k
Owner & transaction history
Willing Properties LLC
Willing Properties LLC
since 2025
Last sale
$965,000
5 recorded transactions
Zoning & alternative use
B-1 LTD.BUS · 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%
$880,000
6.5%
$815,000
7%
$755,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,015,000
Current use
OFFICE BUILDING
$820,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $965k (May 29 2025)
Last sale anchor
$965k
May 29 2025
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
$295 / 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
$16,220
Tax year 2023
Assessed value
$1,318,700
Assessed 2024
Previous assessed
$1,146,700
+15.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$332,300
Assessed improvement
$986,400
Land market value
$332,300
Improvement market value
$986,400
Total market value
$1,318,700
Applied tax rate
32.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
3,036 SF
Lot
0.03 ac (1,102 SF)
Zoning code
B-1 LTD.BUS
APN
53-104-041
UPID
US87-0070408
Jurisdiction
FALLS CHURCH CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
B-1 LTD.BUS · Falls Church, VA
Zoning B-1 LTD.BUS · permitted uses
B-1 LTD.BUS · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1980
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Willing Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
256 N WASHINGTON ST, FALLS CHURCH, VA 22046-4517
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
$965,000
Willing Properties LLC
256 N Washington LLC
Deed
—
Aug 29, 2025
—
Willing Properties LLC
—
Deed
related
$772,000 · Bank Of America NA
Apr 18, 2017
—
256 N Washington LLC
—
Deed
related
$96,000 · M&t Bk
Oct 4, 2004
$860,000
256 N Washington LLC
One Park Washington
Warranty Deed
$330,000 · Virginia Commerce Bank
—
—
256 N Washington LLC
—
Deed Of Trust
related
$96,000 · M&t Bk
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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