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    Property profile & analytics

    7516 Fullerton Rd Springfield, VA 22153

    • Warehouses
    • 1,770 SF
    For Sale
    View listing
    Last Sale
    Jan 08, 2024
    $615,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0894022
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • EverCool Heating & Cooling, Inc. / Furnace Repair Service / Heating Contractor
    • Black Optix Tint / Car Detailing Service / Car Stereo Store
    • Bitchin Kitchen / Food Court
    • Taíno Foods USA / Caterer / Delivery Restaurant
    • P B Inc / General Contractor

    Property Details for 7516 Fullerton Rd

    Year built
    1977
    Construction
    CONCRETE BLOCKS
    Property size
    1,770 SF
    Zone code
    I-5(INDUSTRIAL GENERAL)
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    099-1-09-0005
    APU
    991090005

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $671,000
      Market price range: $288k - $671k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2015
    Latitude
    38.7434
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,508
    $101,420
    $405,660
    $507,080
    -
    $101,420
    $405,660
    $507,080

    Comparable in this City

    • Value Estimation
      $1,190,000
      92,575 SF

      7520th Fullerton Rd

      MINI-WAREHOUSE, STORAGE • 92,575 SF
      7520th Fullerton Rd, Springfield, VA 22153-2812
      View Details
    • Value Estimation
      $685,000
      23,612 SF

      7647th Fullerton Rd

      MINI-WAREHOUSE, STORAGE • 23,612 SF
      7647th Fullerton Rd, Springfield, VA 22153-2868
      View Details
    • Value Estimation
      $1,295,000
      53,336 SF

      7956 Twist Ln

      MINI-WAREHOUSE, STORAGE • 53,336 SF
      7956 Twist Ln, Springfield, VA 22153-2823
      View Details
    • Value Estimation
      $525,000
      8,928 SF

      7397 Ward Park Ln

      MINI-WAREHOUSE, STORAGE • 8,928 SF
      7397 Ward Park Ln, Springfield, VA 22153-2825
      View Details
    • Value Estimation by Request
      105,419 SF

      7601 Boston Blvd

      MINI-WAREHOUSE, STORAGE • 105,419 SF
      7601 Boston Blvd, Springfield, VA 22153
      View Details
    • Value Estimation
      $260,000
      1,770 SF

      7644th Fullerton Rd, Unit 10

      MINI-WAREHOUSE, STORAGE • 1,770 SF
      7644th Fullerton Rd, Springfield, VA 22153-2814
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $12 SF/Yr

      Springfield Warehouse with Loading Docks

      Warehouse space featuring docks, drive-in loading, and 18' ceilings.
      7942 Cluny Ct, Springfield, VA 22153
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    • Contact for pricing
      9,659 SF

      Warehouse with Loading Dock Doors

      Open warehouse space featuring loading docks, showroom, and offices.
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      Springfield Office Space For Rent

      Office space available in Virginia 95 Business Park, Springfield, VA.
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      Springfield Business Park Opportunity

      Business park with office, retail, and restaurant spaces available for lease.
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      17,216 SF

      Springfield Office Space Available

      Office space available for rent in Springfield, Virginia.
      7399-7435 Boston Blvd, Springfield, VA 22153
      View Details
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    7516 Fullerton Rd
    Springfield, VA 22153
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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