Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Warehouses
7323 Steel Ml Dr Springfield, VA 22150-3608
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1062958
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Construction
STEEL FRAME
Total area
1,160 SF
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
080-1-11-7323
UPID
US87-1062958
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
-
HOGIC Church Mosque
-
Heart of God church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Mhc 147 LLC · 4 yrs held
Mhc 147 LLC
since 2021
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Springfield, 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 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
$3,950,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
$2,860,000
6.5%
$2,640,000
7%
$2,450,000
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.10M (Oct 7 2021)
Last sale anchor
$4.10M
Oct 7 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
$3,448 / 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
$2,236
Tax year 2024
Assessed value
$174,190
Assessed 2024
Previous assessed
$174,190
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$34,840
Assessed improvement
$139,350
Land market value
$34,840
Improvement market value
$139,350
Total market value
$174,190
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
OTHER
Cooling
YES
Stories
1
Total area
1,160 SF
Zoning code
I-3(INDUST LIGHT INTENSIT
APN
080-1-11-7323
UPID
US87-1062958
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-3(INDUST LIGHT INTENSIT · Springfield, VA
Zoning I-3(INDUST LIGHT INTENSIT · permitted uses
I-3(INDUST LIGHT INTENSIT · 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.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Mhc 147 LLC
Entity
Mailing address
41 FLATBUSH AVE STE 3C, BROOKLYN, NY 11217-1145
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Mhc 147 Springfield Va LLC
—
Deed
related
$174,000,000 · Breds V Loan Holdings LLC
Oct 6, 2022
—
Mhc 147 LLC
—
Deed
related
$170,000,000 · Bank Of America NA
Oct 7, 2021
$4,095,000
Mhc 147 LLC
Farragut Acquisition Partners I LP
Special Warranty Deed
$260,645,279 · Jpmorgan Chase Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7323 Steel Ml Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
