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Property profile & analytics
OFF-MARKET
Estimated value
$86,130,000
Office buildings
3150 Fairview Park Dr Falls Church, VA 22042-4504
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0051349
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
264,495 SF
Lot
15.55 ac (677,522 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
059-2-01-0059
UPID
US87-0051349
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
GDIT Corporate Office Business Park
-
Just Plated Restaurant Take-out & Catering
-
Phillips Jonathan M Physician
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$82.17M
Comparable Approach
Comparable
$82.86M
Blend (final)
Blend
$86.13M
Owner & transaction history
Nnn Opp Owner IV LLC · 5 yrs held
Nnn Opp Owner IV LLC
since 2020
Last sale
$90.0M
4 recorded transactions
Zoning & alternative use
PDC(COM/INDUST/RETAIL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$97.5M
+36.2%
Commercial (general)
$90.5M
+26.4%
Industrial (general)
$90.0M
+25.7%
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
$85,620,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$89,010,000
6.5%
$82,165,000
7%
$76,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$71,590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$97,515,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$90,480,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$89,965,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$88,305,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$77,615,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$86.13M
Range $77.52M – $94.74M · ±10% · vs last sale $90.00M (Nov 6 2020)
Last sale anchor
$90.00M
Nov 6 2020
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
$326 / 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
$830,357
Tax year 2024
Assessed value
$63,751,000
Assessed 2024
Previous assessed
$73,175,130
-12.9% YoY
Effective rate
1.30%
On assessed value
Assessed land
$7,115,520
Assessed improvement
$56,635,480
Land market value
$7,115,520
Improvement market value
$56,635,480
Total market value
$63,751,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Stories
8
Total area
264,495 SF
Lot
15.55 ac (677,522 SF)
Zoning code
PDC(COM/INDUST/RETAIL)
APN
059-2-01-0059
UPID
US87-0051349
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$71.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$97.5M
COMMERCIAL (GENERAL)
Est. value
$90.5M
INDUSTRIAL (GENERAL)
Est. value
$90.0M
AUTO REPAIR, GARAGE
Est. value
$88.3M
WAREHOUSE, STORAGE
Est. value
$77.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
Heating
NONE
Stories
8
Lot
15.55 ac
Current owner
From public records · entity-resolved
Nnn Opp Owner IV LLC
Entity
Mailing address
625 W ADAMS ST #1715, CHICAGO, IL 60661-3603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 6, 2020
$90,000,000
Nnn Opp Owner IV LLC
Clpf Fairview Park LP
Special Warranty Deed
$65,000,000 · The Lincoln National Life Insurance
Jan 25, 2011
$90,000,000
Clpf-fairview Park LP
Fsp 3150 Fairview Park Drive L
Grant Deed
—
Oct 2, 2009
$73,000,000
3150 Fairview Park Drive Fsp
Ing Uoc Falls Church
Grant Deed
—
Aug 26, 2004
$92,800,000
Ing Uoc Falls Church LP
Hcp Virginia Land LLC
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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