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Property profile & analytics
FOR LEASE
Office buildings
5275 Leesburg Pike, Falls Church, VA 22041
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1024638
For Lease
1 / 3
$33 SF/Yr
5275 Leesburg Pike, Falls Church, VA 22041
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
454,536 SF
Lot
5.25 ac (228,553 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
062-3-01-0038-B
UPID
US87-1024638
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$93.68M
Blend (final)
Blend
$84.16M
Owner & transaction history
Oconee Real Estate Holdings II LLC · 1 yrs held
Oconee Real Estate Holdings II LLC
since 2024
Last sale
$80.0M
7 recorded transactions
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$133.4M
+0.9%
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
$77,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$132,140,000
Current use
WAREHOUSE, STORAGE
$133,380,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$84.16M
Range $75.74M – $92.57M · ±10% · vs last sale $80.00M (Nov 9 2023)
Last sale anchor
$80.00M
Nov 9 2023
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
$185 / 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
$809,161
Tax year 2024
Assessed value
$63,043,330
Assessed 2024
Previous assessed
$69,679,900
-9.5% YoY
Effective rate
1.28%
On assessed value
Assessed land
$11,009,770
Assessed improvement
$52,033,560
Land market value
$11,009,770
Improvement market value
$52,033,560
Total market value
$63,043,330
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
For Lease
Heating
NONE
Stories
1
Total area
454,536 SF
Lot
5.25 ac (228,553 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
062-3-01-0038-B
UPID
US87-1024638
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Falls Church, VA
Zoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · 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
$132.1M
WAREHOUSE, STORAGE
Est. value
$133.4M
OFFICE BUILDING Current
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
1
Lot
5.25 ac
Current owner
From public records · entity-resolved
Oconee Real Estate Holdings II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5780 POWERS FRY RD #500, ATLANTA, GA 30327-4347
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$52,800,000
Oconee Real Estate Holdings II LLC
5275 Sky 7 Propco LLC
Deed
related
—
Nov 9, 2023
$52,800,000
Oconee Real Estate Holdings II LLC
5275 Sky 7 Propco LLC
Trustees Deed
related
—
Nov 4, 2019
—
5275 Sky 7-propco LLC
—
Deed
related
$72,099,000 · Voya Inv Mgmt Co LLC
Nov 1, 2019
$80,000,000
5275 Sky 7-propco LLC
Us Bk NA Series 2007-1
Grant Deed
—
Dec 27, 2016
$200,000,000
Us Bank NA Series 2007-1 Tr
Panagopoulos Constantinos|cesc Skyline LLC
Trustees Deed
related
—
Feb 6, 2007
—
Cesc Skyline LLC
Vornado Shenandoah Holdings Ll
Grant Deed
related
—
—
—
Cesc Skyline LLC
—
Loan Modification
related
$678,000,000 · Us Bank NA Series 2007-1 (ce)
—
—
5275 Sky 7-propco LLC
—
Deed Of Trust
related
$72,099,000 · Voya Inv Mgmt Co LLC
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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