Property profile

5501 Backlick Rd Springfield, VA 22151

OFF-MARKET
Office buildings
Property ID
US87-0643733
88,996 SF 3.88 ac lot Built 1985
Entity Owned 9-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Tutoring Service
  • Gym & Fitness Center
  • Real Estate Agency

Location

5501 Backlick Rd Springfield, VA 22151-3933
Springfield metro Census 452501 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2017
5 recorded transactions
2020
Price N/A
2017
Price N/A
2017
$8.0M
2009
Price N/A
1969
Price N/A

Zoning & alternative use

C-2(LIMITED OFFICE) · Springfield, VA
Top alternative use upside
Neighborhood: shopping center $32.8M +12.7%
Industrial (general) $30.3M +3.9%
Auto repair, garage $29.7M +2.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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