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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
High-rise multifamily apartments
308 Maple Ave Falls Church, VA 22046-4188
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0649380
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
0.18 ac (8,002 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
52-309-021
UPID
US87-0649380
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
$875k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Porta LLC · 2 yrs held
Porta LLC
since 2024
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
R-M RES.MULTIFAMILY · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$525,000
+56.0%
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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$525,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (May 20 2024)
Last sale anchor
$875k
May 20 2024
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
$342 / 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
$9,707
Tax year 2023
Assessed value
$789,200
Assessed 2024
Previous assessed
$743,000
+6.2% YoY
Effective rate
1.23%
On assessed value
Assessed land
$504,000
Assessed improvement
$285,200
Land market value
$504,000
Improvement market value
$285,200
Total market value
$789,200
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
0.18 ac (8,002 SF)
Zoning code
R-M RES.MULTIFAMILY
APN
52-309-021
UPID
US87-0649380
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$525,000
OFFICE BUILDING
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
1941
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Porta LLC
Entity
Mailing address
8000 WESTPARK DR STE #600, TYSONS, VA 22102-3115
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Porta LLC
—
Deed
related
$614,500 · Pmac Lending Services INC
May 20, 2024
$875,000
Porta LLC
John Flevarakis
Deed
$591,000 · Arc Home LLC
Mar 13, 2024
$875,000
Porta LLC
John Flevarkis
Deed
$591,000 · Arc Home LLC
Jan 3, 2024
—
John Flevarkis
Fappa 1 LLC
Deed Of Distribution
—
Dec 20, 2011
—
Fappa1 LLC
Flevarakis,niki
Grant Deed
related
—
Jul 26, 2004
$235,000
Nicholas Flevarakis
Velez,graciano
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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