New search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office buildings
2754 Summerfield Rd Falls Church, VA 22042-2033
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1073227
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1940
Construction
FRAME
Total area
2,663 SF
Lot
0.13 ac (5,750 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
050-2-06-0319
UPID
US87-1073227
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
-
Doctor Strings Guitar Repair (Bike/Boat/Book/etc) Store
-
Certified Contractors & Remodeling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Peel Properties One LLC · 10 yrs held
Peel Properties One LLC
since 2016
5 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$980,000
+36.2%
Commercial (general)
$910,000
+26.4%
Auto repair, garage
$890,000
+23.4%
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%
$895,000
6.5%
$825,000
7%
$770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$910,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$227 / 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
$9,992
Tax year 2024
Assessed value
$767,110
Assessed 2024
Previous assessed
$738,880
+3.8% YoY
Effective rate
1.30%
On assessed value
Assessed land
$218,500
Assessed improvement
$548,610
Land market value
$218,500
Improvement market value
$548,610
Total market value
$767,110
Applied tax rate
7.0000
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 buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
1
Total area
2,663 SF
Lot
0.13 ac (5,750 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
050-2-06-0319
UPID
US87-1073227
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Zoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · 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 Current
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$780,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1940
Construction
FRAME
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Peel Properties One LLC
Entity
Mailing address
305 NIBLICK DR SE, VIENNA, VA 22180-4931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
May 1, 2020
—
Peel Properties One LLC
—
Deed
related
$540,000 · Sandy Spring Bk
May 2, 2016
$675,000
Peel Properties One LLC
United Properties Of Wv LLC
Grant Deed
$575,000 · United Properties Of Wv LLC
Apr 12, 2013
$500,000
United Properties Of Wv LLC
Walsh,linda
Warranty Deed
$450,000 · Linda W Walsh
—
—
Linda L Wells
—
Deed Of Trust
related
$300,000 · Christian Maier
—
—
Peel Properties One LLC
—
Deed Of Trust
related
$540,000 · Sandy Spring 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.
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 2754 Summerfield Rd?
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.
