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Property profile & analytics
OFF-MARKET
Estimated value
$14,980,000
Community centers
5898 Leesburg Pike Falls Church, VA 22041-2309
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0969834
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
40,480 SF
Lot
3.58 ac (155,752 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
061-2-01-0025
UPID
US87-0969834
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
$14.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.26M
Blend (final)
Blend
$14.98M
Owner & transaction history
Baileys One LLC · 2 yrs held
Baileys One LLC
since 2024
Last sale
$15.0M
3 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · 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
$14,980,000
ML approach
$14,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,925,000
Current use
COMMERCIAL (GENERAL)
$13,845,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,770,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,515,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$14.98M
Range $13.48M – $16.48M · ±10% · vs last sale $14.98M (Mar 15 2024)
Last sale anchor
$14.98M
Mar 15 2024
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
$370 / 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
$152,791
Tax year 2024
Assessed value
$11,730,620
Assessed 2024
Previous assessed
$11,133,410
+5.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$5,160,350
Assessed improvement
$6,570,270
Land market value
$5,160,350
Improvement market value
$6,570,270
Total market value
$11,730,620
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
YES
Stories
1
Total area
40,480 SF
Lot
3.58 ac (155,752 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
061-2-01-0025
UPID
US87-0969834
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Falls Church, VA
Zoning C-6(COMMUNITY RETAIL) · permitted uses
C-6(COMMUNITY 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
Yes
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Baileys One LLC
Entity
Mailing address
4919 BETHESDA AVE STE #200, BETHESDA, MD 20814-5295
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$14,978,452
Baileys One LLC
Alta Enterprises 1 LLC
Special Warranty Deed
—
—
—
Alta Ents 1 LLC
—
Deed Of Trust
related
$4,800,000 · Cardinal Bk
—
—
Alta Ents 1 LLC
—
Deed Of Trust
related
$6,000,000 · Pnc Bank
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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