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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Community centers
7234 Arlington Blvd Falls Church, VA 22042-1529
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1356367
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1953
Total area
40,690 SF
Lot
2.43 ac (105,698 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
050-3-12-0012
UPID
US87-1356367
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
-
Skyline (Bike/Boat/Book/etc) Store Cosmetic Store
-
Skyline Nails Supply (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Virginia Hospital Ctr Arlington Hea · 2 yrs held
Virginia Hospital Ctr Arlington Hea
since 2023
Last sale
$2.4M
3 recorded transactions
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Falls Church submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falls Church 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
$2,330,000
ML approach
$2,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.40M (Sep 7 2023)
Last sale anchor
$2.40M
Sep 7 2023
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
$59 / 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
$102,854
Tax year 2024
Assessed value
$7,896,630
Assessed 2024
Previous assessed
$6,464,910
+22.1% YoY
Effective rate
1.30%
On assessed value
Assessed land
$4,016,520
Assessed improvement
$3,880,110
Land market value
$4,016,520
Improvement market value
$3,880,110
Total market value
$7,896,630
Applied tax rate
7.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1953
Heating
OTHER
Cooling
YES
Stories
1
Total area
40,690 SF
Lot
2.43 ac (105,698 SF)
Zoning code
C-6(COMMUNITY RETAIL)
APN
050-3-12-0012
UPID
US87-1356367
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-6(COMMUNITY RETAIL) · Falls Church, VA
Zoning C-6(COMMUNITY RETAIL) · permitted uses
C-6(COMMUNITY RETAIL) · Falls Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falls Church. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Heating
OTHER
Cooling
Yes
Stories
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Virginia Hospital Ctr Arlington Hea
Individual
Free & Clear · 2 yrs held
Mailing address
1701 N GEORGE MASON DR, ARLINGTON, VA 22205-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$2,400,000
Virginia Hospital Ctr Arlington Hea
Lena Karageorge
Special Warranty Deed
—
Sep 7, 2023
$4,800,000
Virginia Hospital Ctr Arlington Hea
Ermione Spanos
Special Warranty Deed
—
May 31, 2023
$1,100,000
Ermione Spanos
Chrys Havelos Davis
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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