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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Retail space
6053 Leesburg Pike Falls Church, VA 22041-2205
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1966059
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
12,551 SF
Lot
1.13 ac (49,257 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
061-2-12-0004
UPID
US87-1966059
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$795k
Owner & transaction history
Lakshminarayan I LLC · 11 yrs held
Lakshminarayan I LLC
since 2015
3 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+68.6%
Auto repair, garage
$955,000
+23.7%
Warehouse, storage
$950,000
+23.3%
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
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
RESTAURANT
$1,300,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$955,000
Change: +24% · Conversion: Difficult
WAREHOUSE, STORAGE
$950,000
Change: +23% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$63 / 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
$59,939
Tax year 2024
Assessed value
$4,601,810
Assessed 2024
Previous assessed
$3,703,470
+24.3% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,871,770
Assessed improvement
$2,730,040
Land market value
$1,871,770
Improvement market value
$2,730,040
Total market value
$4,601,810
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Stories
1
Total area
12,551 SF
Lot
1.13 ac (49,257 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
061-2-12-0004
UPID
US87-1966059
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
RETAIL STORES Current
Est. value
$770,000
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1.13 ac
Current owner
From public records · entity-resolved
Lakshminarayan I LLC
Entity
Mailing address
13005 N PT LN, LAUREL, MD 20708-2345
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 22, 2015
$6,350,000
Lakshminarayan I LLC
Lil-jon Falls Church LLC
Trustees Deed
$4,725,000 · Wells Fargo Bk
Sep 7, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 1, 2005
$6,050,000
Lil-john Falls Church LLC
Silver Cap Net Lease Fund II LLC
Grant Deed
$4,500,000 · Morgan Stanley Mtg Capital INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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