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Property profile & analytics
OFF-MARKET
Estimated value
$32,000,000
Super regional malls
6699 Frontier Dr Springfield, VA 22150
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1819694
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Total area
119,076 SF
Lot
12.53 ac (545,891 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
090-2-01-0101-A1
UPID
US87-1819694
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
-
Springfield Commons Shopping Center & Mall
-
Mattress Firm Springfield Furniture & Home Goods
-
Blinds To Go (Bike/Boat/Book/etc) Store Home Decor Store
-
Hangry Burger Restaurant
-
AT&T Store Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.00M
Owner & transaction history
Springfield Commons Improvements Ll · 1 yrs held
Springfield Commons Improvements Ll
since 2024
Last sale
$32.0M
1 recorded transaction
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Springfield, 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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
$32,000,000
ML approach
$32,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$43,900,000
Current use
INDUSTRIAL (GENERAL)
$40,505,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$39,755,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$32.00M
Range $28.80M – $35.20M · ±10% · vs last sale $32.00M (Oct 30 2024)
Last sale anchor
$32.00M
Oct 30 2024
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
$269 / 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
$432,500
Tax year 2024
Assessed value
$33,696,950
Assessed 2024
Previous assessed
$31,300,930
+7.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$20,743,860
Assessed improvement
$12,953,090
Land market value
$20,743,860
Improvement market value
$12,953,090
Total market value
$33,696,950
Applied tax rate
4.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Heating
NONE
Stories
1
Total area
119,076 SF
Lot
12.53 ac (545,891 SF)
Zoning code
PDC(PLANNED DEV COMMERCIA
APN
090-2-01-0101-A1
UPID
US87-1819694
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PDC(PLANNED DEV COMMERCIA · Springfield, VA
Zoning PDC(PLANNED DEV COMMERCIA · permitted uses
PDC(PLANNED DEV COMMERCIA · Springfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$43.9M
INDUSTRIAL (GENERAL)
Est. value
$40.5M
AUTO REPAIR, GARAGE
Est. value
$39.8M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
12.53 ac
Current owner
From public records · entity-resolved
Springfield Commons Improvements Ll
Individual
Mailing address
8405 GREENSBORO DR, MC LEAN, VA 22102-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$32,000,000
Springfield Commons Improvements Ll
Springfield Commons LLC
Special Warranty Deed
$23,230,000 · Guggenheim Real Estate LLC
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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