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Property profile & analytics
OFF-MARKET
Estimated value
$12,585,000
Office buildings
2901 Telestar Ct, Falls Church, VA 22042-1260
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1533554
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
81,612 SF
Lot
2.71 ac (117,844 SF)
Zoning code
C-3(OFFICE)
APN
049-4-01-0044-E1
UPID
US87-1533554
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
-
Virginia Heart - Heart Rhythm Center Medical Clinic
-
Amit V. Patel, MD, FCCP, ABIM Sleep Medicine Physician
-
Alexander G. Truesdell, MD, FACC, FSCAI, FSVM Physician
-
Potomac Energy Group, Inc. General Contractor
-
James Duc, MD, FACC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.59M
Owner & transaction history
Bdc Telestar LLC · 12 yrs held
Bdc Telestar LLC
since 2013
6 recorded transactions
Zoning & alternative use
C-3(OFFICE) · 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
$154 / 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
$179,860
Tax year 2024
Assessed value
$13,808,860
Assessed 2024
Previous assessed
$14,420,430
-4.2% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,069,250
Assessed improvement
$11,739,610
Land market value
$2,069,250
Improvement market value
$11,739,610
Total market value
$13,808,860
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
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
6
Total area
81,612 SF
Lot
2.71 ac (117,844 SF)
Zoning code
C-3(OFFICE)
APN
049-4-01-0044-E1
UPID
US87-1533554
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-3(OFFICE) · Falls Church, VA
Zoning C-3(OFFICE) · permitted uses
C-3(OFFICE) · 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
1999
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
6
Lot
2.71 ac
Current owner
From public records · entity-resolved
Bdc Telestar LLC
Entity
Mailing address
5301 WISCONSIN AVE NW STE #500, WASHINGTON, DC 20015-2015
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 24, 2018
—
Bdc Telestar LLC
—
Deed
related
$9,000,000 · Miscellaneous Ins Co
Jul 18, 2013
$16,000,000
Bdc Telestar LLC
NA Of Ins & Finl Advisors
Grant Deed
$9,248,201 · State Farm Life Insurance Co
—
—
National Assn Of Ins & Finl Advi
—
Deed Of Trust
related
$11,250,000 · State Farm Life Insurance Co
—
—
Bdc Telestar LLC
—
Loan Modification
related
$9,000,000 · Miscellaneous Ins Co
—
—
Bdc Telestar LLC
—
Loan Modification
related
$9,000,000 · Miscellaneous Ins Co
—
—
National Assn Of Insurance/finl Ad
—
Deed Of Trust
related
$11,250,000 · State Farm Life Insurance Co
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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