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Property profile & analytics
OFF-MARKET
Estimated value
$25,810,000
Community centers
2930 Patrick Henry Dr Falls Church, VA 22044-2904
Entity Owned
25-yr Hold
Free & Clear
Property ID
US87-0762928
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1952
Construction
BRICK
Total area
113,484 SF
Lot
5.88 ac (255,958 SF)
Zoning code
C-7(REGIONAL RETAIL)
APN
051-3-18-0004
UPID
US87-0762928
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
-
El Catrin Restaurant
-
U.S. Tae Kwon Do College Training Center Sports School
-
MoneyGram Bank Credit Union
-
Centro Market Specialty Food Shop Supermarket
-
Az Wireless Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.60M
Blend (final)
Blend
$25.81M
Owner & transaction history
FIRST WASHINGTON REALTY
FIRST WASHINGTON REALTY
Zoning & alternative use
C-7(REGIONAL RETAIL) · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$41,840,000
Current use
COMMERCIAL (GENERAL)
$38,820,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$38,600,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$37,890,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$25.81M
Range $23.23M – $28.39M · ±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
$227 / 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
$348,687
Tax year 2024
Assessed value
$26,770,560
Assessed 2024
Previous assessed
$26,400,710
+1.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$4,847,860
Assessed improvement
$21,922,700
Land market value
$4,847,860
Improvement market value
$21,922,700
Total market value
$26,770,560
Applied tax rate
5.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1952
Construction
BRICK
Heating
HOT WATER
Cooling
YES
Stories
2
Rooms
19
Total area
113,484 SF
Lot
5.88 ac (255,958 SF)
Zoning code
C-7(REGIONAL RETAIL)
APN
051-3-18-0004
UPID
US87-0762928
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-7(REGIONAL RETAIL) · Falls Church, VAZoning C-7(REGIONAL RETAIL) · permitted uses
C-7(REGIONAL RETAIL) · Falls Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$41.8M
COMMERCIAL (GENERAL)
Est. value
$38.8M
INDUSTRIAL (GENERAL)
Est. value
$38.6M
AUTO REPAIR, GARAGE
Est. value
$37.9M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1952
Construction
BRICK
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
19
Lot
5.88 ac
Current owner
From public records · entity-resolved
FIRST WASHINGTON REALTY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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