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    Property profile & analytics

    603 Broad St Falls Church, VA 22046

    • Banks
    • 5,640 SF
    • 0.41 lot acres
    For Lease
    View listing
    Value Estimation
    $3,910,000
    Last Sale
    Sep 22, 2023
    $3,850,000
    Location Intelligence
    Property ID
    US87-1210138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Continental Federal Savings / Bank / Atm
    • Fyzical Therapy & Balance Centers Falls Church / Physical Therapy Clinic
    • Smoothie King / Fast Food Restaurant / Health Food Restaurant

    Property Details for 603 Broad St

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.41 lot acres
    Property size
    5,640 SF
    Zone code
    B-1 LTD.BUS
    Property type
    Banks
    APN
    52-302-248
    APU
    52302248

    Description

    This exceptional 889-square-foot retail space is ideally situated at 603 W Broad Street in the vibrant Falls Church, VA (22046) submarket. Located in a former bank building currently undergoing a facade renovation, this property offers a high-visibility corner location with significant street frontage. The space is perfect for a variety of retail uses and boasts a unique opportunity for large outdoor seating, capitalizing on the bustling pedestrian traffic of this desirable area. The property is offered as a single, available unit within a multi-tenant building. Eighteen shared surface parking spaces are available for customer and tenant use, ensuring convenient access for patrons. This prime location in the heart of Falls Church provides excellent exposure and accessibility, making it an ideal opportunity for businesses seeking a thriving retail environment. The building's renovation enhances its curb appeal and modernizes its appearance, creating a welcoming atmosphere for customers. This space presents a rare chance to establish a presence in a highly sought-after Falls Church commercial corridor. Inquire today to learn more about this exceptional retail leasing opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,970,000
      6.5%
      $3,995,000
      7%
      $4,000,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,540,000
      Geo Method
      $3,695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,135,000
      Retail
      $3,765,000
      Mixed-Use
      $4,155,000
      Hospitality
      $3,935,000
      Educational
      $3,625,000
      Residential Income
      $3,230,000
      Energy
      $4,415,000
      Income-Based Land
      $3,665,000
      Food Service
      $4,310,000

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Falls Church City
    State
    Virginia
    Longitude
    -77.179
    Latitude
    38.887
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,930
    $1,345,100
    $1,738,600
    $3,083,700
    -
    $1,345,100
    $1,738,600
    $3,083,700

    Comparable in this City

    • Value Estimation by Request
      2,405 SF

      402 Broad St Ste, Unit 100

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      225 Broad St

      FINANCIAL BUILDING • 3,573 SF
      225 Broad St, Falls Church, VA 22046-4204
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      125 Washington St

      FINANCIAL BUILDING • 6,755 SF
      125 Washington St, Falls Church, VA 22046-2920
      View Details
    • Value Estimation
      $3,485,000
      3,235 SF

      1000 Broad St

      FINANCIAL BUILDING • 3,235 SF
      1000 Broad St, Falls Church, VA 22046-4609
      View Details
    • Value Estimation
      $1,780,000
      1,770 SF

      1100 Broad St

      FINANCIAL BUILDING • 1,770 SF
      1100 Broad St, Falls Church, VA 22046-2114
      View Details
    • Value Estimation by Request
      2,644 SF

      191 Broad St

      FINANCIAL BUILDING • 2,644 SF
      191 Broad St, Falls Church, VA 22046-4202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

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      Falls Church Restaurant Redevelopment

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    Similar Nearby for Lease

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      Prime retail and restaurant spaces in vibrant Falls Church.
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      Retail space with high visibility and excellent demographics.
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      3,041 SF retail space available in Q2 2025.
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      Retail Space in Falls Church

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      View Details
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    603 Broad St
    Falls Church, VA 22046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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