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Property profile & analytics
OFF-MARKET
Estimated value
$9,575,000
Office buildings
7500 Iron Bar Ln Gainesville, VA 20155-3603
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0766050
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
40,606 SF
Lot
0.78 ac (33,776 SF)
Zoning code
GENERAL BUSINESS
APN
7397-63-3795
UPID
US87-0766050
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
-
Skin Institute of Virginia Physician Medical Clinic
-
Dr. Brent Burger Dental Office
-
Milestones Pediatric & Adolescent Care Pediatrician Medical Clinic
-
SKYVIEW FAMILY MEDICINE PC Medical Clinic
-
Dr. Julia Bruce MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.58M
CAP Approach
CAP
$11.75M
Comparable Approach
Comparable
$8.84M
Blend (final)
Blend
$9.58M
Owner & transaction history
Federal Realty Op LP · 2 yrs held
Federal Realty Op LP
since 2024
Last sale
$9.6M
7 recorded transactions
Zoning & alternative use
GENERAL BUSINESS · Gainesville, 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 Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville 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
$9,575,000
ML approach
$9,575,000
CAP Approach
CAP Return
Estimation
6%
$12,730,000
6.5%
$11,750,000
7%
$10,910,000
Blend value · Realmo final
$9.58M
Range $8.62M – $10.53M · ±10% · vs last sale $9.57M (Jun 4 2024)
Last sale anchor
$9.57M
Jun 4 2024
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 2023Property tax & assessments
Tax year 2023
Tax billed
$84,109
Tax year 2023
Assessed value
$8,083,500
Assessed 2023
Previous assessed
$8,083,500
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$468,100
Assessed improvement
$7,615,400
Land market value
$468,100
Improvement market value
$7,615,400
Total market value
$8,083,500
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
Off-Market
Year built
2006
Heating
NONE
Stories
2
Total area
40,606 SF
Lot
0.78 ac (33,776 SF)
Zoning code
GENERAL BUSINESS
APN
7397-63-3795
UPID
US87-0766050
Jurisdiction
PRINCE WILLIAM
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
GENERAL BUSINESS · Gainesville, VA
Zoning GENERAL BUSINESS · permitted uses
GENERAL BUSINESS · Gainesville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
Federal Realty Op LP
Entity
Mailing address
909 ROSE AVE STE #200, N BETHESDA, MD 20852-8724
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$9,574,098
Federal Realty Op LP
Ch Realty Vii O Nova Atlas LLC
Special Warranty Deed
—
Aug 7, 2020
—
Ch Realty Vii Of O Nova Atlas L
—
Deed
related
$177,500,000 · Metlife Com'l Mtg Originator L
Oct 29, 2019
—
Ch Realty Vii Of O Nova Atlas L
—
Deed
related
$177,500,000 · Metlife Com'l Mtg Originator L
Oct 21, 2016
—
Ch Realty Vii Of O Nova Atlas LLC
—
Deed
related
$151,500,000 · Miscellaneous Ins Co
Jan 19, 2016
$15,300,000
Ch Realty Vii Of O Nova Atlas LLC
Atlas Office II Lc
Grant Deed
related
—
Apr 14, 2011
—
Atlas Office II Lc
Lpf Master LP
Grant Deed
$7,500,000 · Morgan Stanley Mtg Cap Holding
Sep 17, 2009
—
Atlas Office Lc
—
Deed Of Trust
related
$12,000,000 · Union Bank
—
—
Ch Realty Vii Of O Nova Atlas L
—
Deed Of Trust
related
$177,500,000 · Metlife Com'l Mtg Originator L
—
—
Ch Realty Vii Of O Nova Atlas LLC
—
Deed Of Trust
related
$151,500,000 · Miscellaneous Ins Co
—
—
Ch Realty Vii Of O Nova Atlas LLC
—
Deed Of Trust
related
$6,626,000 · Miscellaneous Ins Co
—
—
Ch Realty Vii Of O Nova Atlas L
—
Loan Modification
related
$177,500,000 · Metlife Com'l Mtg Originator L
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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