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Property profile & analytics
OFF-MARKET
Estimated value
$10,230,000
Life science properties
2950 Gallows Rd Falls Church, VA 22042-1018
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3666323
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1972
Construction
CONCRETE
Total area
158,027 SF
Lot
7.56 ac (329,325 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-4-01-0012-B
UPID
US87-3666323
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.23M
Owner & transaction history
Rpai Falls Ch Merrifield II Ll · 10 yrs held
Rpai Falls Ch Merrifield II Ll
since 2016
2 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.4M
+16.5%
Office building
$14.1M
+0.1%
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$14,045,000
Current use
RESTAURANT
$16,365,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$14,060,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,005,000
Change: -15% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,960,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$10.23M
Range $9.21M – $11.25M · ±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
$65 / 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
$441,247
Tax year 2024
Assessed value
$34,378,380
Assessed 2024
Previous assessed
$33,267,790
+3.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$9,221,100
Assessed improvement
$25,157,280
Land market value
$9,221,100
Improvement market value
$25,157,280
Total market value
$34,378,380
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
OTHER
Cooling
YES
Stories
1
Total area
158,027 SF
Lot
7.56 ac (329,325 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
049-4-01-0012-B
UPID
US87-3666323
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Falls Church, VAZoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$14.0M
RESTAURANT
Est. value
$16.4M
OFFICE BUILDING
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$12.0M
WAREHOUSE, STORAGE
Est. value
$12.0M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
RESTAURANT
OFFICE BUILDING
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
1972
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
7.56 ac
Current owner
From public records · entity-resolved
Rpai Falls Ch Merrifield II Ll
Individual
Free & Clear · 10 yrs held
Mailing address
30 S MERIDIAN ST #110, INDIANAPOLIS, IN 46204-3564
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2016
$45,392,074
Rpai Falls Ch Merrifield II Ll
Mtc Levitz LP
Grant Deed
—
Oct 30, 2008
$1,953,400
Commonwealth Of Virginia
Mtc Levitz
Grant Deed
—
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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