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Property profile & analytics
OFF-MARKET
Estimated value
$19,815,000
Office buildings
5501 Backlick Rd, Springfield, VA 22151-3933
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-0643733
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
88,996 SF
Lot
3.88 ac (169,178 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
080-2-01-0011
UPID
US87-0643733
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
-
Becker, Kellogg & Berry, P.C. Law Firm
-
Brandon M. Gladstone Law Firm
-
Edge Ed Tutoring Service
-
The Exercise Coach Springfield Gym & Fitness Center
-
Re/Max 100 Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.65M
Comparable Approach
Comparable
$20.20M
Blend (final)
Blend
$19.82M
Owner & transaction history
Bgp 5501 Backlick Road LLC · 9 yrs held
Bgp 5501 Backlick Road LLC
since 2017
5 recorded transactions
Zoning & alternative use
C-2(LIMITED OFFICE) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$32.8M
+12.7%
Industrial (general)
$30.3M
+3.9%
Auto repair, garage
$29.7M
+2.0%
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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%
$29,950,000
6.5%
$27,645,000
7%
$25,670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,130,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$32,810,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,270,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,710,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$23,415,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$19.82M
Range $17.83M – $21.80M · ±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
$223 / 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
$111,110
Tax year 2024
Assessed value
$8,656,820
Assessed 2024
Previous assessed
$9,522,800
-9.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,055,810
Assessed improvement
$6,601,010
Land market value
$2,055,810
Improvement market value
$6,601,010
Total market value
$8,656,820
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
Year built
1985
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
YES
Stories
3
Total area
88,996 SF
Lot
3.88 ac (169,178 SF)
Zoning code
C-2(LIMITED OFFICE)
APN
080-2-01-0011
UPID
US87-0643733
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-2(LIMITED OFFICE) · Springfield, VA
Zoning C-2(LIMITED OFFICE) · permitted uses
C-2(LIMITED OFFICE) · Springfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$29.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.8M
INDUSTRIAL (GENERAL)
Est. value
$30.3M
AUTO REPAIR, GARAGE
Est. value
$29.7M
WAREHOUSE, STORAGE
Est. value
$23.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1985
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Lot
3.88 ac
Current owner
From public records · entity-resolved
Bgp 5501 Backlick Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5501 BACKLICK RD STE #300, SPRINGFIELD, VA 22151-3940
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Bgp 5501 Backlick Road LLC
—
Deed
related
$11,000,000 · Bank Of America
Sep 25, 2017
—
Bgp 5501 Backlick Road LLC
—
Grant Deed
related
$5,632,900 · Chain Bridge Bk NA
May 4, 2017
$8,047,000
Bgp 5501 Backlick Road LLC
Springfield Executive Center L
Grant Deed
—
Sep 15, 2009
—
Springfield Executive Center L
Pool Otis R Trust
Grant Deed
related
$6,000,000 · Branch Banking & Trust Co
—
—
Bgp 5501 Backlick Road LLC
—
Deed Of Trust
related
$11,000,000 · Bank Of America
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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