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    3111 Fairview Park Dr Falls Church, VA 22042-4550
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    Property profile & analytics

    3111 Fairview Park Dr, Falls Church, VA 22042-4550

    View on Map
    • Hotels
    • 308,062 SF
    • 5.15 lot acres
    Off-Market
    Property ID
    US87-0734648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $26,945,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tandem Restaurant & Bar / Restaurant
    • Falls Church Marriott Fairview Park / Hotel & Motel
    • Marriot / Hotel & Motel
    • 3111 Fairview Park Drive Parking / Parking Lot & Garage

    Property Details for 3111 Fairview Park Dr

    Year built
    1988
    Construction
    STONE
    Lot size
    5.15 lot acres
    Zone code
    PDC(COM/INDUST/RETAIL)
    Property type
    Hotels
    APN
    049-4-13-0012-A
    APU
    0494130012A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2019 $52,200,000 Fairview Park Owner LLC Thi V Fpm LLC Correction Deed —
    Nov 6, 2019 $52,200,000 Fairview Park Owner LLC Thi V Fpm LLC Trustees Deed $48.8M · Acore Cap Mtg LP
    Sep 30, 2011 — Thi V Fpm LLC — Deed Of Trust · related $55M · Wells Fargo Bank
    Jul 14, 2010 $93,000,000 Thi V Fpm LLC Jer Fairview Hotel LLC Grant Deed —
    Jul 14, 2010 — Thi V Fpm LLC Jer Fairview Hotel LLC Deed Of Trust · related $48.7M · Deutsche Hypothekenbank
    Jun 1, 2007 $108,500,000 Jer Fairview Hotel LLC Hmc Diversified American Hotel Grant Deed —
    Feb 26, 2007 $108,500,000 Jer Fair View Hotel LLC Hmc Diversified American Hotel Grant Deed —
    — — Jer Fairview Hotel LLC — Deed Of Trust · related $91.5M · Countrywide Com'l R E Fin
    — — Thi V Fpm LLC — Deed Of Trust · related $43M · German Am Cap
    — — Thi V Fpm LLC — Loan Modification · related $53M · German Am Cap

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2159
    Latitude
    38.8618
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $569,168
    $9,875,000
    $33,823,130
    $43,698,130
    -
    $9,875,000
    $33,823,130
    $43,698,130

    Comparable in this City

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      82,301 SF

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    • Value Estimation by Request
      0.79 Acres

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    • Value Estimation
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      59,942 SF

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      MOTEL
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    • Value Estimation
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      73,702 SF

      6633 Arlington Blvd

      MOTEL
      6633 Arlington Blvd, Falls Church, VA 22042-3002
      View Details

    Similar Nearby for Sale

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      254,898 SF

      Falls Church Office Space Available

      Office space for lease in Falls Church, Virginia.
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    • $4,500,000

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      Churches & religious facilities
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      22,876 SF

      Renovated Class A Office Building

      Recently renovated Class A office building in Merrifield submarket.
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    • New
      $599,900

      Federal-Style Office Townhouse

      Federal-style townhouse within a small business park, offering flexible two-suite office space with private layouts and parking.
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    Similar Nearby for Lease

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      22,890 SF

      Modern Office Space Available

      Inviting office space with modern amenities and outdoor environment.
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      Falls Church Commercial Townhouse Rental

      Commercial townhouse for rent in a high-traffic Falls Church location.
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      Modern Office Space Available

      Modern 1,600 SF office space for lease in Falls Church.
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      View Details
    • $4 SF/Yr

      Falls Church Office Sublease Opportunity

      Plug-and-play office suite available for sublease through July 2030.
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      View Details
    • Contact for pricing
      30,783 SF

      Falls Church Office Space Available

      Office space in Falls Church, with tenant-only fitness center.
      8111 Gatehouse Rd, Falls Church, VA 22042
      View Details
    • Contact for pricing
      3,286 SF

      Retail Space in Graham Park

      Retail space available in renovated Graham Park shopping center.
      7263 Arlington Blvd, Falls Church, VA 22042
      View Details
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    Falls Church, VA 22042-4550
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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