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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Warehouses
2822 Fallfax Dr Falls Church, VA 22042-2804
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0941779
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
CONCRETE BLOCKS
Total area
10,000 SF
Lot
0.61 ac (26,423 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-2-09-0003
UPID
US87-0941779
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
-
Settle Down Easy Brewing Co. Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Fallfax Center Associates LLC · 4 yrs held
Fallfax Center Associates LLC
since 2022
6 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
$32,385
Tax year 2024
Assessed value
$2,486,350
Assessed 2024
Previous assessed
$1,961,690
+26.7% YoY
Effective rate
1.30%
On assessed value
Assessed land
$739,840
Assessed improvement
$1,746,510
Land market value
$739,840
Improvement market value
$1,746,510
Total market value
$2,486,350
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
1
Rooms
1
Bathrooms
0
Total area
10,000 SF
Lot
0.61 ac (26,423 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-2-09-0003
UPID
US87-0941779
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.
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
0
Lot
0.61 ac
Current owner
From public records · entity-resolved
Fallfax Center Associates LLC
Entity
Mailing address
115 PARK ST SE STE #200, VIENNA, VA 22180-4653
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Fallfax Center Associates LLC
—
Deed
related
$10,000,000 · Wesbanco Bank INC
Feb 28, 2019
—
Fallfax Center Associates LLC
—
Grant Deed
related
$8,568,000 · John Marshall Bk
Dec 8, 2014
—
Fallfax Center Associates LLC
—
Grant Deed
related
$7,875,000 · Capital Bk
Sep 1, 2010
—
Fallfax Center Associates LLC
—
Deed Of Trust
related
$2,300,000 · Cardinal Bank
Dec 18, 2008
—
Fallfax Center Associates LLC
—
Deed Of Trust
related
$8,323,000 · Cardinal Bank
—
—
Fallfax Center Associates LLC
—
Loan Modification
related
$2,150,000 · Capital 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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