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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Office buildings
2843 Hartland Rd Falls Church, VA 22043-3535
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US87-1347685
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
CONCRETE BLOCKS
Total area
15,000 SF
Lot
0.93 ac (40,641 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
049-2-01-0080-A
UPID
US87-1347685
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
-
Dr. Sunghee Kim Dental Office
-
Amarjeet Temburni Dental Office
-
Vincent Franco Coviello Dental Office
-
SUNDCO Gas Station
-
Dr. Diego Gallardo Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.36M
Owner & transaction history
Banaji Properties LLC · 14 yrs held
Banaji Properties LLC
since 2012
5 recorded transactions
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.5M
+36.2%
Commercial (general)
$5.1M
+26.4%
Industrial (general)
$5.1M
+25.7%
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%
$5,050,000
6.5%
$4,660,000
7%
$4,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,060,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,530,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,130,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,100,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,010,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,400,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±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
$224 / 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
$42,371
Tax year 2024
Assessed value
$3,253,090
Assessed 2024
Previous assessed
$3,808,360
-14.6% YoY
Effective rate
1.30%
On assessed value
Assessed land
$435,000
Assessed improvement
$2,818,090
Land market value
$435,000
Improvement market value
$2,818,090
Total market value
$3,253,090
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
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
2
Bathrooms
2
Total area
15,000 SF
Lot
0.93 ac (40,641 SF)
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
049-2-01-0080-A
UPID
US87-1347685
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Falls Church, VA
Zoning I-3(INDUST LIGHT INTENSIT · permitted uses
I-3(INDUST LIGHT INTENSIT · 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
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1964
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Banaji Properties LLC
Entity
Mailing address
2843 HARTLAND RD STE #200, FALLS CHURCH, VA 22043-3539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jan 9, 2012
$3,770,000
Banaji Properties LLC
Merry Fields LLC
Deed Of Trust
related
$4,432,750 · Cardinal Bank
Mar 11, 2008
—
Commonwealth Of Virginia
Merry Fields LLC
Grant Deed
related
—
—
—
Banaji Properties LLC
—
Deed Of Trust
related
$5,907,500 · Sandy Spring Bk
—
—
Banaji Properties LLC
—
Deed Of Trust
related
$395,000 · Cardinal Bank
—
—
Banaji Properties LLC
—
Deed Of Trust
related
$500,000 · Sandy Spring 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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