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    7641 Somerset Xing Dr Gainesville, VA 20155-4874
    Property profile & analytics

    7641 Somerset Xing Dr, Gainesville, VA 20155-4874

    View on Map

    • Strip malls
    • 5,023 SF
    • 0.95 lot acres
    Off-Market
    Last Sale Aug 14, 2024
    Property ID
    US87-3787048
    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.

    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RockBox Fitness Gainesville / Gym & Fitness Center / Sports School

    Property Details for 7641 Somerset Xing Dr

    Year built
    2003
    Lot size
    0.95 lot acres
    Zone code
    GENERAL BUSINESS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    7397-03-7916
    APU
    7397037916

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 14, 2024 — Ganges Somerset Propco LLC Ganges Somerset Crossing LLC Special Warranty Deed $14.5M · Emg Transfer Agent LLC
    Aug 5, 2022 $11,800,000 Ganges Somerset Crossing LLC Msci 2007 Hq12 Somerset Crossing Dr Special Warranty Deed —
    Jul 12, 2017 $16,000,000 Msci 2007-hq12 Somerset Crossi Casterline William H JR|somerset Crossing Gmc LLC Trustees Deed —
    Mar 29, 2007 $33,350,000 Somerset Crossing Gmc LLC Mcw-rc Va-somerset Crossing Ll Grant Deed · related $27.2M · Morgan Stanley Mtg Capital INC
    Jul 14, 2004 $10 Mcw-rc Va-somerset Crossing LLC Regency Somerset LLC Warranty Deed $16k · Allstate Life Insurance Co

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,720,000
      6.5%
      $1,590,000
      7%
      $1,475,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,075,000
      Market price range: $1.11M - $3.53M
      AI Estimate
      $1,389,000
      Market price range: $186k - $3.06M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,310,000
      Current use
      COMMERCIAL (GENERAL)
      $2,655,000
      Change: +15% Conversion: Easy
      MEDICAL BUILDING
      $2,605,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $2,495,000
      Change: +8% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6304
    Latitude
    38.7933
    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
    $10,915
    $524,200
    $573,300
    $1,097,500
    -
    $524,200
    $573,300
    $1,097,500
    More about this property
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