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Property profile & analytics
OFF-MARKET
Estimated value
$30,060,000
Garden apartment buildings
2809 Gln Dr Falls Church, VA 22046-7302
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0677379
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
CONCRETE BLOCKS
Total area
103,924 SF
Lot
5.41 ac (235,638 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
050-1-01-0042-A
UPID
US87-0677379
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
-
The Glen Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.06M
Owner & transaction history
The Glen Falls Church LLC · 3 yrs held
The Glen Falls Church LLC
since 2022
Last sale
$36.5M
5 recorded transactions
Zoning & alternative use
R-20(RESIDENTIAL 20 DU/AC · 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
$38,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,925,000
6.5%
$23,935,000
7%
$22,225,000
Blend value · Realmo final
$30.06M
Range $27.05M – $33.07M · ±10% · vs last sale $36.50M (Oct 20 2022)
Last sale anchor
$36.50M
Oct 20 2022
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
$289 / 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
$395,392
Tax year 2024
Assessed value
$33,578,910
Assessed 2024
Previous assessed
$32,796,000
+2.4% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,776,000
Assessed improvement
$27,802,910
Land market value
$5,776,000
Improvement market value
$27,802,910
Total market value
$33,578,910
Applied tax rate
70,100.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
3
Rooms
316
Total area
103,924 SF
Lot
5.41 ac (235,638 SF)
Zoning code
R-20(RESIDENTIAL 20 DU/AC
APN
050-1-01-0042-A
UPID
US87-0677379
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R-20(RESIDENTIAL 20 DU/AC · Falls Church, VA
Zoning R-20(RESIDENTIAL 20 DU/AC · permitted uses
R-20(RESIDENTIAL 20 DU/AC · 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
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
3
Rooms
316
Lot
5.41 ac
Current owner
From public records · entity-resolved
The Glen Falls Church LLC
Entity
Mailing address
106 S ROOSEVELT ST, FALLS CHURCH, VA 22042-2430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 20, 2022
$36,500,000
The Glen Falls Church LLC
Sg Glen LP
Special Warranty Deed
$25,550,000 · Burke & Herbert Bank & Trust Co
Oct 20, 2022
—
The Glen Falls Church LLC
Sg Glen LP
Intrafamily Transfer
related
—
Sep 30, 2020
$29,000,000
Se Glen LP
Glen LP
Grant Deed
related
$20,614 · Miscellaneous Govt Agcy
—
—
Glen LP
—
Deed Of Trust
related
$8,500,000 · Jp Morgan Chase Bk
—
—
Glen LP
—
Deed Of Trust
related
$8,000,000 · Gmac Commercial Mortgage Bank
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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