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Property profile & analytics
FOR SALE
Office buildings
6850 Versar Ctr Springfield, VA 22151
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0221427
For Sale
1 / 2
$24,120,000
6850 Versar Ctr, Springfield, VA 22151
View Listing →
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Spok (Bike/Boat/Book/etc) Store Corporate Office
-
Bus For Hire Travel Agency Tour Operator
-
ALL STAR LIMO SERVICE Transportation Service Limousine Service
-
Jennifer Gray Physician
-
Emily Hamill Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.65M
Comparable Approach
Comparable
$24.59M
Blend (final)
Blend
$24.12M
Owner & transaction history
Versar Property Owner LLC · 6 yrs held
Versar Property Owner LLC
since 2019
1 recorded transaction
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$39.9M
+12.7%
Industrial (general)
$36.8M
+3.9%
Auto repair, garage
$36.2M
+2.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,455,000
6.5%
$33,650,000
7%
$31,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$35,455,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$39,935,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$36,845,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,165,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$28,500,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$24.12M
Range $21.71M – $26.53M · ±10%
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
$223 / 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
$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
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
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, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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
OFFICE BUILDING Current
Est. value
$35.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.9M
INDUSTRIAL (GENERAL)
Est. value
$36.8M
AUTO REPAIR, GARAGE
Est. value
$36.2M
WAREHOUSE, STORAGE
Est. value
$28.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
Year built
1982
Heating
NONE
Stories
4
Lot
7.71 ac
Current owner
From public records · entity-resolved
Versar Property Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
76 8TH AVE #2, NEW YORK, NY 10011-5103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 28, 2019
$16,000,000
Versar Property Owner LLC
Panagopoulos Constantinos|springfield Realty Inv
Trustees Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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