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Property profile & analytics
OFF-MARKET
Estimated value
$26,945,000
Hotels
3111 Fairview Park Dr Falls Church, VA 22042-4550
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0734648
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Construction
STONE
Total area
308,062 SF
Lot
5.15 ac (224,460 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
049-4-13-0012-A
UPID
US87-0734648
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
-
Tandem Restaurant & Bar Restaurant
-
Falls Church Marriott Fairview Park Hotel & Motel
-
Marriot Hotel & Motel
-
3111 Fairview Park Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.95M
Owner & transaction history
Fairview Park Owner LLC · 6 yrs held
Fairview Park Owner LLC
since 2019
7 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$87 / 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
$569,168
Tax year 2024
Assessed value
$43,698,130
Assessed 2024
Previous assessed
$33,964,710
+28.7% YoY
Effective rate
1.30%
On assessed value
Assessed land
$9,875,000
Assessed improvement
$33,823,130
Land market value
$9,875,000
Improvement market value
$33,823,130
Total market value
$43,698,130
Applied tax rate
5.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Construction
STONE
Heating
ELECTRIC
Cooling
YES
Stories
15
Total area
308,062 SF
Lot
5.15 ac (224,460 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
049-4-13-0012-A
UPID
US87-0734648
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.
Building & site characteristics
From public records
Year built
1988
Construction
STONE
Heating
ELECTRIC
Cooling
Yes
Stories
15
Lot
5.15 ac
Current owner
From public records · entity-resolved
Fairview Park Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
411 HACKENSACK AVE FL #2, HACKENSACK, NJ 07601-6328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
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
$48,790,000 · Acore Cap Mtg LP
Sep 30, 2011
—
Thi V Fpm LLC
—
Deed Of Trust
related
$55,000,000 · 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
$48,705,000 · 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
$91,500,000 · Countrywide Com'l R E Fin
—
—
Thi V Fpm LLC
—
Deed Of Trust
related
$43,000,000 · German Am Cap
—
—
Thi V Fpm LLC
—
Loan Modification
related
$53,000,000 · German Am Cap
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
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