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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
6869 Springfield Blvd, Springfield, VA 22150-2703
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0733255
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
CONCRETE BLOCKS
Total area
3,240 SF
Lot
0.17 ac (7,302 SF)
Zoning code
C-5(NEIGHBORHOOD RETAIL)
APN
080-4-01-0025
UPID
US87-0733255
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
-
Mr. Video Inc. Film Production Television Studio
-
Geniemade Marketing & Advertising (Bike/Boat/Book/etc) Store
-
A. A. Rental Inc. Tech Support Center IT Consulting Firm
-
Film Transfer DC Video Editing Service Photo Lab
-
Data Recovery 4 Us Computer & Electronic Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$765k
Owner & transaction history
Asr Properties LP · 5 yrs held
Asr Properties LP
since 2021
Last sale
$765,000
2 recorded transactions
Zoning & alternative use
C-5(NEIGHBORHOOD RETAIL) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+50.3%
Auto repair, garage
$1.1M
+36.1%
Warehouse, storage
$855,000
+7.2%
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
$775,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$795,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,195,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,080,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$855,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $765k (Mar 1 2021)
Last sale anchor
$765k
Mar 1 2021
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
$236 / 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
$4,659
Tax year 2024
Assessed value
$362,970
Assessed 2024
Previous assessed
$398,760
-9.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$277,480
Assessed improvement
$85,490
Land market value
$277,480
Improvement market value
$85,490
Total market value
$362,970
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
2
Bathrooms
1
Total area
3,240 SF
Lot
0.17 ac (7,302 SF)
Zoning code
C-5(NEIGHBORHOOD RETAIL)
APN
080-4-01-0025
UPID
US87-0733255
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-5(NEIGHBORHOOD RETAIL) · Springfield, VA
Zoning C-5(NEIGHBORHOOD RETAIL) · permitted uses
C-5(NEIGHBORHOOD RETAIL) · 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
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$855,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Asr Properties LP
Entity
Free & Clear · 5 yrs held
Mailing address
1390 CHAIN BRG RD, MC LEAN, VA 22101-3904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$765,000
Asr Properties LP
Village North LLC
Bargain And Sale Deed
—
Feb 2, 2005
$10
Village North LLC
Merkert,sharon D
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.
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