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Property profile & analytics
OFF-MARKET
Medical Office Space
6305 Castle Pl Falls Church, VA 22044-1905
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0063600
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
BRICK
Total area
14,080 SF
Lot
0.45 ac (19,649 SF)
Zoning code
C-3(OFFICE)
APN
051-3-13-0040
UPID
US87-0063600
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
-
Dr. Michelle L. Fuselier, MD Pediatrician Physician
-
Dr. Han Ton-That, MD Physician
-
DANIELLE ROSSI Physician
-
Northern Virginia Allergy/asthm Medical Clinic
-
Shaikh Farook A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mellinium Center LLC · 12 yrs held
Mellinium Center LLC
since 2013
3 recorded transactions
Zoning & alternative use
C-3(OFFICE) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,166
Tax year 2024
Assessed value
$550,180
Assessed 2024
Previous assessed
$1,108,200
-50.4% YoY
Effective rate
1.30%
On assessed value
Assessed land
$550,170
Assessed improvement
$10
Land market value
$550,170
Improvement market value
$10
Total market value
$550,180
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
BRICK
Heating
OTHER
Cooling
YES
Stories
3
Total area
14,080 SF
Lot
0.45 ac (19,649 SF)
Zoning code
C-3(OFFICE)
APN
051-3-13-0040
UPID
US87-0063600
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-3(OFFICE) · Falls Church, VAZoning C-3(OFFICE) · permitted uses
C-3(OFFICE) · Falls Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Construction
BRICK
Heating
OTHER
Cooling
Yes
Stories
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mellinium Center LLC
Entity
Mailing address
8456 TYCO RD STE A, VIENNA, VA 22182-7517
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Oct 17, 2013
$4,086,045
Mellinium Center LLC
Rock Creek-seven Cnrs Medical
Grant Deed
$2,000,000 · Wells Fargo Bank
Jan 23, 2004
$6,450,000
Creek-seven Corners Medic Rock
Seven Corners Professional Build
Grant Deed
related
—
—
—
Rock Creek-seven Corners Medical
—
Deed Of Trust
related
$7,000,000 · 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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