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    Property profile & analytics

    6335 Multiplex Dr Centreville, VA 20121

    • Community centers
    • 57,269 SF
    • 5.05 lot acres
    For Lease
    View listing
    Value Estimations
    $1,050,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1934901
    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

    • Centre Ridge Marketplace / Grocery Store / Shopping Mall
    • Coast Guard Exchange / Department Store / Home Goods Store
    • USAA / Atm
    • Chase ATM / Atm
    • USAA - ATM / Atm

    Property Details for 6335 Multiplex Dr

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    5.05 lot acres
    Property size
    57,269 SF
    Zone code
    PDC(PLANNED DEV COMMERCIA
    Property type
    Community centers
    APN
    065-1-10-0010-B5
    APU
    0651100010B5

    Description

    This exceptional 4,040 square foot retail space is located within the Centre Ridge Marketplace in Centreville, Virginia, Fairfax County (zip code 20121). Situated at 6335 Multiplex Drive, this property offers excellent visibility and accessibility, being conveniently located just off a major traffic artery. The entire Centre Ridge Marketplace encompasses 106,756 square feet and currently features a single suite, with this 4,040 square foot space available for lease. The property's strategic location benefits from proximity to a diverse range of dining establishments and a 12-screen movie theater, ensuring high foot traffic and a vibrant surrounding environment. The property type is classified as a retail strip center, also suitable for restaurant use. This presents a unique opportunity for businesses seeking a prominent location within a well-established commercial center. The space is ready for immediate occupancy, offering a blank canvas for a variety of retail or restaurant concepts. Interested parties are encouraged to inquire about lease terms and conditions. The property's address is easily accessible via major roadways, providing convenient access for both customers and employees. This prime retail location in Centreville, Virginia offers significant potential for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,050,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,009,000
      Market price range: $895k - $4.52M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.4391
    Latitude
    38.8277
    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
    2024
    $108,870
    $5,944,590
    $2,537,660
    $8,482,250
    -
    $5,944,590
    $2,537,660
    $8,482,250

    Comparable in this City

    • Value Estimation
      $1,060,000
      36,956 SF

      6345 Multiplex Dr

      MINI-MALL • 36,956 SF
      6345 Multiplex Dr, Centreville, VA 20121-5327
      View Details
    • Value Estimation by Request
      173,935 SF

      13810 Braddock Rd

      MINI-MALL • 173,935 SF
      13810 Braddock Rd, Centreville, VA 20121-2487
      View Details
    • Value Estimation
      $295,000
      8,440 SF

      6317 Multiplex Dr

      MINI-MALL • 8,440 SF
      6317 Multiplex Dr, Centreville, VA 20121-5327
      View Details
    • Value Estimation
      $1,485,000
      111,330 SF

      14200 Centreville Sq

      MINI-MALL • 111,330 SF
      14200 Centreville Sq, Centreville, VA 20121
      View Details
    • Value Estimation by Request
      109,090 SF

      14200A-14260H Centreville Sq

      Lifestyle centers • 109,090 SF
      14200A-14260H Centreville Sq, Centreville, VA 20121
      View Details
    • Value Estimation
      $1,190,000
      37,687 SF

      5700 Pickwick Rd

      MINI-MALL • 37,687 SF
      5700 Pickwick Rd, Centreville, VA 20121-4730
      View Details

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    Similar Nearby for Lease

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      200,366 SF

      Centreville Retail Space Available

      Prime Centreville shopping center space.
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      1,200 SF

      Retail Space Near Traffic Corridor

      Retail space available near dining and movie theater.
      6335 Multiplex Dr, Centreville, VA 20121
      View Details
    • $18 SF/Yr
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      Centreville Retail Space Available

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      View Details
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      Prime Commercial Pad Site Available

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      View Details
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    Centreville, VA 20121
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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