New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,430,000
Office Spaces
500 Washington St Falls Church, VA 22046-3570
Entity Owned
13-yr Hold
Free & Clear
Property ID
US87-3945635
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
TYPE NOT SPECIFIED
Total area
64,313 SF
Lot
2.59 ac (112,777 SF)
Zoning code
T-2 TRANSITIONAL
APN
53-101-070
UPID
US87-3945635
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
-
Lauren Agyekum, CNM Midwife
-
Kellie James, NP Physician
-
Sally Safferson, NP Physician
-
Dr. Karen Bodnar Pediatrician Medical Clinic
-
Rachel Bieligk, FNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.14M
Blend (final)
Blend
$9.43M
Owner & transaction history
Fc Gateway Associates LLC · 13 yrs held
Fc Gateway Associates LLC
since 2013
2 recorded transactions
Zoning & alternative use
T-2 TRANSITIONAL · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.43M
Range $8.49M – $10.37M · ±10%
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
$147 / 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
$131,478
Tax year 2023
Assessed value
$10,689,300
Assessed 2024
Previous assessed
$11,399,200
-6.2% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,442,400
Assessed improvement
$3,246,900
Land market value
$7,442,400
Improvement market value
$3,246,900
Total market value
$10,689,300
Applied tax rate
31.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
4
Total area
64,313 SF
Lot
2.59 ac (112,777 SF)
Zoning code
T-2 TRANSITIONAL
APN
53-101-070
UPID
US87-3945635
Jurisdiction
FALLS CHURCH CITY
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
T-2 TRANSITIONAL · Falls Church, VA
Zoning T-2 TRANSITIONAL · permitted uses
T-2 TRANSITIONAL · 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
1984
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Lot
2.59 ac
Current owner
From public records · entity-resolved
Fc Gateway Associates LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7101 WISCONSIN AVE STE #700, BETHESDA, MD 20814-4814
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2013
$12,250
Fc Gateway Associates LLC
Falls Church Gateway LLC
Grant Deed
—
Oct 5, 2005
$12,000,100
Falls Church Gateway LLC
Falls Church Gateway Plaza LLC
Grant Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Washington St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
