Entity Owned Property summary
AI-generated overview
6850 Versar Center is an office campus in Springfield, Virginia, comprising office buildings totaling approximately 230,602 square feet. The campus setting includes controllable access and on-site retail amenities, including a deli and snack shop. The property supports building signage visible from the Capital Beltway, and it is positioned within walking distance of nearby restaurants and retail. It is approximately 2 miles from Springfield Town Center, and the office is about a 3-minute walk to the VRE Backlick Road station. The buildings are offered for sale or lease individually or in conjunction with the other addressed property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
108,322 SF
Lot
7.71 ac (335,858 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
080-2-01-0022-A
UPID
US87-0221427
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Travel Agency Tour Operator
-
Limousine Service Taxi Service
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.65M
Comparable Approach
Comparable
$24.59M
Blend (final)
Blend
$1.25M
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Springfield, VA
Top alternative use upside
Neighborhood: shopping center
$39.9M
+12.7%
Industrial (general)
$36.8M
+3.9%
Auto repair, garage
$36.2M
+2.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.25M
Value range
$1.12M – $1.37M
±10% around blend
Estimated value / SF
$11 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$1.12M
blend $1.25M
$1.37M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
108,322 SF
Lot area
7.71 ac
Year built
1982
Stories
4
APN
080-2-01-0022-A
Zoning
I-5(INDUSTRIAL GENERAL)
Assessed value
$2,274,770
Annual tax
$29,197
3
Income approach: direct capitalization
Partial preview
Income approach indication
$33.65M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$36.46M
@ 6.5% CAP return
$33.65M
@ 7% CAP return
$31.25M
4
Sales comparison
Partial preview
Sales approach indication
$15.10M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.0 mi away · 88,798 SF
10.9 mi away · 90,458 SF
13.1 mi away · 80,392 SF
15.6 mi away · 140,244 SF
16.0 mi away · 101,940 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$327
-96%
Submarket 94 sales
$245
-95%
County 837 sales
$289
-96%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $11/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+13%
vs current-use indication
Industrial (general)
Auto Repair, Garage
Office Building · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.27M
Move the market yield to see immediate price impact.
Value / SF
$21
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$143k
$2.87M
$2.05M
$1.59M
$159k
$3.18M
$2.27M
$1.77M
$175k
$3.50M
$2.50M
$1.95M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$13.00M
8.1 mi · Sep 2025 · $162/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,197
Tax year 2024
Assessed value
$2,274,770
Assessed 2024
Previous assessed
$3,690,230
-38.4% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,274,760
Assessed improvement
$10
Land market value
$2,274,760
Improvement market value
$10
Total market value
$2,274,770
Applied tax rate
5.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Stories
4
Total area
108,322 SF
Lot
7.71 ac (335,858 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
080-2-01-0022-A
UPID
US87-0221427
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Springfield, VAZoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · Springfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
4
Lot
7.71 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-5(INDUSTRIAL GENERAL)
Jurisdiction
Springfield, VA
Recorded code
I-5(INDUSTRIAL GENERAL)
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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