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    6531 Arlington Blvd Falls Church, VA 22042-3001
    Property profile & analytics

    6531 Arlington Blvd, Falls Church, VA 22042-3001

    View on Map
    • Community centers
    • 31,980 SF
    • 1.47 lot acres
    Off-Market
    Last Sale Dec 30, 2022
    Property ID
    US87-0913944
    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.
    Value Estimations
    $7,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Better Title Loans by Auto Equity Loans / Loan Service
    • Exotic Soda Co / Bar & Pub
    • Unlimited Cigars & Vape / Cosmetic Store
    • D & W Kitchens & Baths / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Dominion Management Services / Business Management Consultant

    Property Details for 6531 Arlington Blvd

    Year built
    1957
    Construction
    CONCRETE BLOCKS
    Lot size
    1.47 lot acres
    Zone code
    COMM (W/ RES/APT ZONING)
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    050-4-01-0020
    APU
    504010020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,610,000
      Market price range: $7.61M - $18.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,940,000
      INDUSTRIAL (GENERAL)
      $10,880,000
      AUTO REPAIR, GARAGE
      $10,675,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1684
    Latitude
    38.8701
    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
    $81,866
    $1,791,360
    $4,493,920
    $6,285,280
    -
    $1,791,360
    $4,493,920
    $6,285,280

    Comparable in this City

    • Value Estimation
      $605,000
      2,400 SF

      6656 Farragut Ave

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      6656 Farragut Ave, Falls Church, VA 22042
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    • Value Estimation
      $22,055,000
      89,979 SF

      2831 Gallows Rd

      MINI-MALL
      2831 Gallows Rd, Falls Church, VA 22042-1005
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    • Value Estimation
      $2,410,000
      40,690 SF

      7234 Arlington Blvd

      MINI-MALL
      7234 Arlington Blvd, Falls Church, VA 22042-1529
      View Details
    • Value Estimation by Request
      0.33 Acres

      6658 Farragut Ave

      MINI-MALL
      6658 Farragut Ave, Falls Church, VA 22042-2114
      View Details
    • Value Estimation
      $8,215,000
      37,191 SF

      6664 Arlington Blvd

      MINI-MALL
      6664 Arlington Blvd, Falls Church, VA 22042-2145
      View Details
    • Value Estimation
      $735,000
      10.14 Acres

      7235 Arlington Blvd

      MINI-MALL
      7235 Arlington Blvd, Falls Church, VA 22042-3219
      View Details

    Similar Nearby for Sale

    • $4,500,000

      3464 ANNANDALE Rd, Falls Church, VA 22042

      Churches & religious facilities
      3464 Annandale Rd, Falls Church, VA 22042
      View Details
    • $629,900
      1,500 SF

      Commercial Townhouse in Falls Church

      Commercial townhouse in a high-traffic, easily accessible location.
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      22,876 SF

      Renovated Class A Office Building

      Recently renovated Class A office building in Merrifield submarket.
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      0.05 Acres

      Residential Lot in Falls Church

      Residential lot available in Fairfax County, Falls Church, Virginia.
      Liberty Ave, Falls Church, VA 22042
      View Details
    • New
      $575,000
      0.23 Acres

      Residential Lot in Broyhill Park

      Investment opportunity: 0.23-acre lot in Falls Church, VA.
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    Similar Nearby for Lease

    • Contact for pricing
      3,286 SF

      Retail Space in Graham Park

      Retail space available in renovated Graham Park shopping center.
      7263 Arlington Blvd, Falls Church, VA 22042
      View Details
    • Contact for pricing

      Retail Space Near Dunn Loring

      Retail space available near Dunn Loring metro station.
      2831 Lee Hwy, Merrifield, VA 22042
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Lee Highway

      4,000 SF retail space available for rent.
      8217 Lee Hwy, Fairfax, VA 22042
      View Details
    • Contact for pricing

      Retail Space on Arlington Blvd

      20,000 SF retail space on 2.54 acres.
      6326 Arlington Blvd, Falls Church, VA 22042
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      8190 Strawberry Ln, Falls Church, VA 22042
      View Details
    • Contact for pricing

      Retail Land For Lease

      Approximately 1.23 acre retail land for lease.
      3023 Annandale Rd, Falls Church, VA 22042
      View Details
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    Falls Church, VA 22042-3001
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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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