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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Warehouses
7516 Fullerton Rd 5 Springfield, VA 22153-2812
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0894022
Property summary
AI-generated overview
This exceptional 1800-square-foot industrial unit, located at 7516 Fullerton Road Unit 1 in Springfield, Virginia, presents a fantastic opportunity for businesses seeking high visibility and convenient access. Situated as an end unit, the property boasts excellent street exposure facing Fullerton Road, ensuring maximum brand awareness. The unit is zoned for diverse uses, including industrial, warehouse, and office space, offering flexibility for a wide range of operations. A significant advantage is the generous parking provision: eight spaces are available directly in front and to the side of the building, along with an additional four spaces, totaling twelve parking spots. The property features a convenient drive-in loading area, streamlining operations and enhancing efficiency. The monthly rental rate is $4000, inclusive of taxes. This turnkey solution combines prime location, versatile zoning, and ample parking, making it an ideal choice for businesses seeking a strategic foothold in Springfield. The property is ready for immediate occupancy. Serious inquiries are encouraged.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
CONCRETE BLOCKS
Total area
1,770 SF
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
099-1-09-0005
UPID
US87-0894022
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
-
EverCool Heating & Cooling, Inc. HVAC Service General Contractor
-
Black Optix Tint Interior Design Auto Repair Shop
-
Bitchin Kitchen Restaurant
-
Taíno Foods USA Take-out & Catering Catering Service
-
P B Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$615k
Owner & transaction history
Fullerton Holding LLC · 2 yrs held
Fullerton Holding LLC
since 2024
Last sale
$615,000
6 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$805,000
+54.0%
Neighborhood: shopping center
$655,000
+25.0%
Auto repair, garage
$590,000
+13.2%
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
$615,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
COMMERCIAL (GENERAL)
$805,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +25% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$435,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $615k (Jan 8 2024)
Last sale anchor
$615k
Jan 8 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
$347 / 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
$6,508
Tax year 2024
Assessed value
$507,080
Assessed 2024
Previous assessed
$420,350
+20.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$101,420
Assessed improvement
$405,660
Land market value
$101,420
Improvement market value
$405,660
Total market value
$507,080
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
OTHER
Stories
1
Bathrooms
0
Total area
1,770 SF
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
099-1-09-0005
UPID
US87-0894022
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
WAREHOUSE, STORAGE Current
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$590,000
OFFICE BUILDING
Est. value
$435,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1977
Construction
CONCRETE BLOCKS
Heating
OTHER
Stories
1
Bathrooms
0
Current owner
From public records · entity-resolved
Fullerton Holding LLC
Entity
Mailing address
7830 BACKLICK RD STE #201, SPRINGFIELD, VA 22150-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
$615,000
Fullerton Holding LLC
Adalberto Castro
Warranty Deed
$492,000 · Fulton Bank NA
Jun 30, 2020
$348,000
Adalberto Castro
Fullerton Properties INC
Grant Deed
—
Jun 28, 2019
—
Fullerton Properties INC
—
Grant Deed
related
$4,000,000 · Sonabank NA
—
—
Fullerton Properties INC
—
Deed Of Trust
related
$3,400,000 · M&t Bk
—
—
Fullerton Properties INC
—
Loan Modification
related
$4,350,000 · M&t Bk
—
—
Fullerton Properties INC
—
Deed Of Trust
related
$250,000 · United Bank
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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