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Property profile & analytics
FOR LEASE
Office buildings
6860 Commercial Dr Springfield, VA 22151
Entity Owned
18-yr Hold
Free & Clear
Property ID
US87-1316693
For Lease
$14,085,000
6860 Commercial Dr, Springfield, VA 22151
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
63,262 SF
Lot
3.79 ac (164,915 SF)
Zoning code
INDUSTRIAL (W/MIX OF INDU
APN
080-2-07-T1
UPID
US87-1316693
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
-
Action Chapel Virginia Church
-
ModernContempo Luxury Furniture Store & Outlet Furniture & Home Goods Home Decor Store
-
Service Source Central Fairfax Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.65M
Comparable Approach
Comparable
$14.36M
Blend (final)
Blend
$14.09M
Owner & transaction history
Lake Investment Associates LLC · 18 yrs held
Lake Investment Associates LLC
since 2008
1 recorded transaction
Zoning & alternative use
INDUSTRIAL (W/MIX OF INDU · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$23.3M
+12.7%
Industrial (general)
$21.5M
+3.9%
Auto repair, garage
$21.1M
+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%
$21,290,000
6.5%
$19,650,000
7%
$18,250,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,705,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$23,325,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,520,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,120,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$16,645,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$14.09M
Range $12.68M – $15.49M · ±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
$63,925
Tax year 2024
Assessed value
$4,980,550
Assessed 2024
Previous assessed
$5,177,190
-3.8% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,298,300
Assessed improvement
$1,682,250
Land market value
$3,298,300
Improvement market value
$1,682,250
Total market value
$4,980,550
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 Lease
Year built
1986
Heating
NONE
Cooling
YES
Stories
2
Total area
63,262 SF
Lot
3.79 ac (164,915 SF)
Zoning code
INDUSTRIAL (W/MIX OF INDU
APN
080-2-07-T1
UPID
US87-1316693
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
INDUSTRIAL (W/MIX OF INDU · Springfield, VA
Zoning INDUSTRIAL (W/MIX OF INDU · permitted uses
INDUSTRIAL (W/MIX OF INDU · 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
$20.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.3M
INDUSTRIAL (GENERAL)
Est. value
$21.5M
AUTO REPAIR, GARAGE
Est. value
$21.1M
WAREHOUSE, STORAGE
Est. value
$16.6M
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
1986
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.79 ac
Current owner
From public records · entity-resolved
Lake Investment Associates LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 430, ALEXANDRIA, VA 22313-0430
Ownership since
2008
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
May 7, 2008
—
Lake Investment Associates LLC
Everest Frank F JR
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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