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Property profile & analytics
FOR LEASE
Office buildings
2941 Fairview Park Dr Falls Church, VA 22042
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0958705
For Lease
1 / 3
Contact for pricing
2941 Fairview Park Dr, Falls Church, VA 22042
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
401,218 SF
Lot
13.78 ac (600,404 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
049-4-01-0074-A
UPID
US87-0958705
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
-
Opal Carpet Cleaning Services Carpet Cleaning Service
-
Focused Image Advertising Agency Marketing & Advertising
-
Brett Sposa- Kingsview Partners Financial Advisor
-
PACEM Solutions International LLC Business Management Consultant
-
Chemring North America Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$124.64M
Comparable Approach
Comparable
$108.97M
Blend (final)
Blend
$99.25M
Owner & transaction history
Falls Ch Office Ptrs I LLC · 6 yrs held
Falls Ch Office Ptrs I LLC
since 2020
Last sale
$97.6M
3 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$147.9M
+36.2%
Commercial (general)
$137.3M
+26.4%
Industrial (general)
$136.5M
+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
$92,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$135,020,000
6.5%
$124,635,000
7%
$115,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$108,600,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$147,920,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$137,250,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$136,470,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$133,950,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$117,735,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$99.25M
Range $89.32M – $109.17M · ±10% · vs last sale $97.59M (Mar 25 2020)
Last sale anchor
$97.59M
Mar 25 2020
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
$247 / 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
$1,076,051
Tax year 2024
Assessed value
$83,837,220
Assessed 2024
Previous assessed
$96,247,500
-12.9% YoY
Effective rate
1.28%
On assessed value
Assessed land
$10,440,000
Assessed improvement
$73,397,220
Land market value
$10,440,000
Improvement market value
$73,397,220
Total market value
$83,837,220
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
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
15
Total area
401,218 SF
Lot
13.78 ac (600,404 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
049-4-01-0074-A
UPID
US87-0958705
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Falls Church, VA
Zoning PDC(COM/INDUST/RETAIL) · permitted uses
PDC(COM/INDUST/RETAIL) · 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
$108.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$147.9M
COMMERCIAL (GENERAL)
Est. value
$137.3M
INDUSTRIAL (GENERAL)
Est. value
$136.5M
AUTO REPAIR, GARAGE
Est. value
$134.0M
WAREHOUSE, STORAGE
Est. value
$117.7M
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
2000
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
15
Lot
13.78 ac
Current owner
From public records · entity-resolved
Falls Ch Office Ptrs I LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2765 SAND HL RD STE #200, MENLO PARK, CA 94025-7099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
$97,590,405
Falls Ch Office Ptrs I LLC
2941 Fairview Park Drive LLC
Grant Deed
—
Jun 23, 2004
$10
2941 Fairview Park Drive LLC
2941 Fairview LLC
Grant Deed
related
$74,000,000 · Bear Stearns Commercial Mtg
—
—
2941 Fairview Park Drive LLC
—
Loan Modification
related
$90,000,000 · Royal Bk/scotland Plc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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