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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2843 Hartland Rd Falls Church, VA 22043-3535

    • Office buildings
    • 15,000 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimations
    $3,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1347685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Sunghee Kim / Dental Office
    • Amarjeet Temburni / Dental Office
    • Vincent Franco Coviello / Dental Office
    • SUNDCO / Gas Station
    • Dr. Diego Gallardo / Dental Office

    Property Details for 2843 Hartland Rd

    Year built
    1964
    Construction
    CONCRETE BLOCKS
    Lot size
    0.93 lot acres
    Property size
    15,000 SF
    Zone code
    I-3(INDUST LIGHT INTENSIT
    Property type
    Office buildings
    APN
    049-2-01-0080-A
    APU
    0492010080A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,050,000
      6.5%
      $4,660,000
      7%
      $4,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,311,000
      Market price range: $3.31M - $5.18M
      AI Estimate
      $2,101,000
      Market price range: $1.20M - $3.96M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2219
    Latitude
    38.876
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,371
    $435,000
    $2,818,090
    $3,253,090
    -
    $435,000
    $2,818,090
    $3,253,090

    Comparable in this City

    • Value Estimation
      $715,000
      3,056 SF

      7645 Leesburg Pike

      OFFICE BUILDING • 3,056 SF
      7645 Leesburg Pike, Falls Church, VA 22043-2599
      View Details
    • Value Estimation
      $895,000
      3,130 SF

      7647 Leesburg Pike

      OFFICE BUILDING • 3,130 SF
      7647 Leesburg Pike, Falls Church, VA 22043-2520
      View Details
    • Value Estimation
      $715,000
      3,056 SF

      7653 Leesburg Pike

      OFFICE BUILDING • 3,056 SF
      7653 Leesburg Pike, Falls Church, VA 22043-2520
      View Details
    • Value Estimation
      $590,000
      3,130 SF

      7631 Leesburg Pike

      OFFICE BUILDING • 3,130 SF
      7631 Leesburg Pike, Falls Church, VA 22043-2520
      View Details
    • Value Estimation
      $790,000
      3,120 SF

      7655 Leesburg Pike

      OFFICE BUILDING • 3,120 SF
      7655 Leesburg Pike, Falls Church, VA 22043-2595
      View Details
    • Value Estimation by Request
      1,088 SF

      7139 Shreve Rd

      OFFICE BUILDING • 1,088 SF
      7139 Shreve Rd, Falls Church, VA 22043-3011
      View Details

    Similar Nearby for Sale

    • $1,225,000
      3,500 SF

      Merrifield Medical Office Condo

      High-demand medical office, fully built-out.
      2841 Hartland Rd, Falls Church, VA 22043
      View Details
    • $899,000

      Leesburg Pike Investment Opportunity

      Fully-leased two-story office unit near Tysons Corner and Falls Church.
      7633 Leesburg Pike, Falls Church, VA 22043
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    • $675,000

      Falls Church Office Condo For Sale

      Office condo in prime location near West Falls Church Metro.
      7121 -e Leesburg Pike, Falls Church, VA 22043
      View Details
    • $450,000

      Falls Church Office Suite

      Well-maintained office suite in a professionally managed building.
      7115 Leesburg Pike, Falls Church, VA 22043
      View Details
    • Contact for pricing
      5,592 SF

      Merrifield Executive Office Suite

      5,592 SF Medical Office Condo
      2841 Hartland Rd, Falls Church, VA 22043
      View Details
    • $750,000

      Falls Church Specialty Property

      Specialty property for sale in Falls Church, Virginia.
      2417 Falls Place Ct, Falls Church, VA 22043
      View Details

    Similar Nearby for Lease

    • $650 /Mo
      7,405 SF

      Office Space For Lease

      Office space for lease near Route 66 in Falls Church.
      7139 Shreve Rd, Falls Church, VA 22043
      View Details
    • $2,600 /Mo

      Office Condo Unit For Rent

      Office condo with conference room, bathrooms, and storage available for rent.
      7657 Leesburg Pike, Falls Church, VA 22043
      View Details
    • New
      $3,500 /Mo

      Furnished Room in Upscale Building

      Furnished room suitable for various professionals in Falls Church.
      7115 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $15 SF/Yr
      24,530 SF

      Tysons Corner Office Space

      Prime Tysons location, flexible suites, ample parking.
      7777 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $3,000 /Mo

      Office Space with Modern Amenities

      Office space for rent with fitness facility, lounge, and parking.
      7799 Leesburg Pike, Falls Church, VA 22043
      View Details
    • $2,600 /Mo
      1,742 SF

      Office Condo in Falls Church

      Ready-to-lease office condo with conference room and natural light.
      7657 Leesburg Pike, Falls Church, VA 22043
      View Details
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    2843 Hartland Rd
    Falls Church, VA 22043-3535
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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