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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
High-rise multifamily apartments
302 Shirley St Falls Church, VA 22046-4175
Entity Owned
5-yr Hold
Free & Clear
Property ID
US87-0740261
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1941
Construction
FRAME
Total area
2,560 SF
Lot
0.19 ac (8,281 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
52-309-008
UPID
US87-0740261
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
$870k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$925k
Owner & transaction history
City Of Falls Church Economic Devel · 5 yrs held
City Of Falls Church Economic Devel
since 2021
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
R-M RES.MULTIFAMILY · 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
$975,000
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Mar 12 2021)
Last sale anchor
$925k
Mar 12 2021
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
$361 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,223
Tax year 2023
Assessed value
$831,100
Assessed 2024
Previous assessed
$784,200
+6.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$521,600
Assessed improvement
$309,500
Land market value
$521,600
Improvement market value
$309,500
Total market value
$831,100
Applied tax rate
21.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1941
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Bathrooms
4
Total area
2,560 SF
Lot
0.19 ac (8,281 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
52-309-008
UPID
US87-0740261
Jurisdiction
FALLS CHURCH CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
R-M RES.MULTIFAMILY · Falls Church, VA
Zoning R-M RES.MULTIFAMILY · permitted uses
R-M RES.MULTIFAMILY · 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
1941
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.19 ac
Current owner
From public records · entity-resolved
City Of Falls Church Economic Devel
Entity
Free & Clear · 5 yrs held
Mailing address
300 PARK AVE106LC, FALLS CHURCH, VA 22046-3301
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$925,000
City Of Falls Church Economic Devel
302 Sunnyside LLC
Deed
—
Oct 16, 2014
$692,500
302 Sunnyside LLC
Golt Roger L Trust
Grant Deed
—
—
—
204 Sunnyside LLC
—
Loan Modification
related
$9,500,000 · Cardinal Bk
—
—
Golt Roger L & Trudy A Tr
—
Deed Of Trust
related
$250,000 · Wachovia Bank NA
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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