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Property profile & analytics
OFF-MARKET Estimated value $2,070,000
Turn key restaurants

2922 Annandale Rd Falls Church, VA 22042-2108

6,793 SF 0.93 ac lot Built 1971
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0798356
Property summary
AI-generated overview

This vacant 6,200 square foot building sits on an almost one-acre lot in Falls Church, Virginia (zip code 22042), boasting a prime location on Annandale Road. The property features approximately 230 feet of frontage and benefits from excellent visibility due to its position between Route 50/Arlington Blvd (69,000 vehicles per day) and Route 29/S Washington Blvd (22,000 vehicles per day). The C-8 zoning allows for a wide range of uses, including restaurant, brewery, banquet hall, catering facility, hotel, child care center, private school, veterinary hospital, or funeral home. Built in 1971, the property offers significant potential for redevelopment or repurposing. The surrounding area demonstrates strong demographics, with a population of approximately 170,000 within a three-mile radius and an average household income of approximately $200,000. Existing pylon signage is in place. This is a rare opportunity to acquire a high-visibility commercial property in a thriving location. The property is currently vacant.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Construction CONCRETE BLOCKS
Total area 6,793 SF
Lot 0.93 ac (40,484 SF)
Zoning code C-8(HIGHWAY COMMERCIAL)
APN 050-4-01-0061
UPID US87-0798356
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.82M
Blend (final) Blend
$2.07M
Owner & transaction history
Neymar Ortega · 5 yrs held
Neymar Ortega
since 2021
Last sale
$2.0M
2 recorded transactions
2021
$2.0M
2021
Price N/A
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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