Property profile

2754 Summerfield Rd Falls Church, VA 22042

OFF-MARKET
Office buildings
Property ID
US87-1073227
2,663 SF 0.13 ac lot Built 1940
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Construction Company General Contractor

Location

2754 Summerfield Rd Falls Church, VA 22042-2033
Falls Church metro Census 450300 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2016
5 recorded transactions
2020
Price N/A
2016
$675,000
2013
$500,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Top alternative use upside
Neighborhood: shopping center $980,000 +36.2%
Commercial (general) $910,000 +26.4%
Auto repair, garage $890,000 +23.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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