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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Office buildings
7375 Boston Blvd, Springfield, VA 22153-2833
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-3948658
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
29,715 SF
Lot
2.81 ac (122,608 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
099-1-12-0024
UPID
US87-3948658
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
-
Boston Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$6.59M
Owner & transaction history
Costco Wholesale Corporation · 3 yrs held
Costco Wholesale Corporation
since 2023
Last sale
$6.6M
5 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.0M
+50.3%
Industrial (general)
$10.1M
+38.6%
Auto repair, garage
$9.9M
+36.1%
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
$6,365,000
ML approach
$7,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,955,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,105,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,920,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,765,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10% · vs last sale $6.55M (Jun 13 2023)
Last sale anchor
$6.55M
Jun 13 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
$222 / 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
$48,913
Tax year 2024
Assessed value
$3,810,880
Assessed 2024
Previous assessed
$1,804,940
+111.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,348,690
Assessed improvement
$2,462,190
Land market value
$1,348,690
Improvement market value
$2,462,190
Total market value
$3,810,880
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1987
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
2
Total area
29,715 SF
Lot
2.81 ac (122,608 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
099-1-12-0024
UPID
US87-3948658
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
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
AUTO REPAIR, GARAGE
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$8.8M
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
1987
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
2
Lot
2.81 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
45940 HORSESHOE DR, STERLING, VA 20166-8534
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
$6,550,000
Costco Wholesale Corporation
Ss 7375 Boston LLC
Special Warranty Deed
—
Jul 15, 2022
—
Fmi Herndon 7300 Boston LLC
—
Deed
related
$98,000,000 · Jpmorgan Chase Bank NA
Jul 12, 2022
$2,000,000
Ss 7375 Boston LLC
Boston Properties Limited Partnersh
Special Warranty Deed
—
Mar 19, 2021
—
Boston Properties Limited Partnersh
Boston Properties Limited Partnersh
Re-recorded Document
related
—
Mar 12, 2021
—
Boston Properties Limited Partnersh
Boston Properties Limited Partnersh
Intrafamily Transfer
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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