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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6720 Arlington Blvd Falls Church, VA 22042-2105

    • Office buildings
    • 2,520 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3761216
    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

    • Executive Physicals Medical Center / Physical Therapy Clinic
    • MedicalDoctors.com Doctor Portal / Medical Clinic
    • STD Doctors Medical Center / Doctor
    • Teo-Chew Association Of Greater Washington Inc / Taoist Temple
    • Chùa Ông Quan Đế / Taoist Temple

    Property Details for 6720 Arlington Blvd

    Year built
    1945
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    2,520 SF
    Zone code
    C-2(LIMITED OFFICE)
    Property type
    Office buildings
    APN
    050-4-13-02-0009
    APU
    50413020009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $680,000
      Current use
      COMMERCIAL (GENERAL)
      $860,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $840,000
      Change: +23% Conversion: Difficult
      WAREHOUSE, STORAGE
      $740,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1769
    Latitude
    38.8697
    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
    $0.00
    $218,880
    $399,940
    $618,820
    -
    $218,880
    $399,940
    $618,820

    Comparable in this City

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      8101st Rte 29

      OFFICE BUILDING • 18,675 SF
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      3112 Fairview Park Dr

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      2,284 SF

      2753 Cameron Rd

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      View Details
    • Value Estimation
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      197,804 SF

      3130 Fairview Park Dr

      OFFICE BUILDING • 197,804 SF
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      View Details
    • Value Estimation
      $12,585,000
      81,612 SF

      2901 Telestar Ct

      OFFICE BUILDING • 81,612 SF
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      View Details

    Similar Nearby for Sale

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      199,783 SF

      Renovated Class A Office Building

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      Vacant Lot in Falls Church

      6,813 sqft vacant lot in the heart of Falls Church.
      2821 Douglass Ave, Falls Church, VA 22042
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      Falls Church Specialty Property

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    Similar Nearby for Lease

    • $33 SF/Yr
      22,046 SF

      Renovated Office Building with Signage

      Falls Church office building with tenant lounge and fitness center.
      3160 Fairview Park Dr, Falls Church, VA 22042
      View Details
    • $31 SF/Yr
      30,783 SF

      Falls Church Office Space Available

      Office space in Falls Church, with tenant-only fitness center.
      8111 Gatehouse Rd, Falls Church, VA 22042
      View Details
    • Contact for pricing
      18,516 SF

      Falls Church Office Space Available

      Office space for lease in Falls Church, Virginia.
      3110 Fairview Park Dr, Falls Church, VA 22042
      View Details
    • Contact for pricing
      407 SF

      Office Space in Graham Park

      Office space for rent in Falls Church, Virginia.
      7243-7259 Arlington Blvd, Falls Church, VA 22042
      View Details
    • Contact for pricing
      13,440 SF

      Fairview Park Office Space Available

      Office space featuring private offices, conference rooms, and flex desks.
      2941 Fairview Park Dr, Falls Church, VA 22042
      View Details
    • Contact for pricing
      4,707 SF

      Fairview Park Drive Office Space

      Office space available at Fairview Park Drive, Falls Church.
      3130 Fairview Park Dr, Falls Church, VA 22042
      View Details
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    6720 Arlington Blvd
    Falls Church, VA 22042-2105
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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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