Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7700 Rte 29 Falls Church, VA 22042-7736

    • Commercial real estate
    • 4,254 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $1,130,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1208629
    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

    • Commercial real estate

    Property Details for 7700 Rte 29

    Year built
    1939
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property size
    4,254 SF
    Zone code
    C-8(HIGHWAY COMMERCIAL)
    Property type
    Commercial real estate
    APN
    049-2-01-0096-B
    APU
    0492010096B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $936,000
      Market price range: $249k - $1.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,455,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,570,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,420,000
      Change: -2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,250,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2099
    Latitude
    38.8755
    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
    $20,015
    $813,170
    $723,510
    $1,536,680
    -
    $813,170
    $723,510
    $1,536,680

    Comparable in this City

    • Value Estimation
      $1,200,000
      7,870 SF

      2925 Gallows Rd

      COMMERCIAL (GENERAL) • 7,870 SF
      2925 Gallows Rd, Falls Church, VA 22042-1024
      View Details
    • Value Estimation
      $700,000
      3,136 SF

      7477 Rte 29

      COMMERCIAL (GENERAL) • 3,136 SF
      7477 Rte 29, Falls Church, VA 22042-1708
      View Details
    • Value Estimation
      $880,000
      4,902 SF

      3021 Gallows Rd

      COMMERCIAL (GENERAL) • 4,902 SF
      3021 Gallows Rd, Falls Church, VA 22042-1009
      View Details
    • Value Estimation
      $560,000
      1,560 SF

      8109 Ransell Rd

      COMMERCIAL (GENERAL) • 1,560 SF
      8109 Ransell Rd, Falls Church, VA 22042-1015
      View Details
    • Value Estimation
      $2,560,000
      2,188 SF

      7714 Rte 29

      COMMERCIAL (GENERAL) • 2,188 SF
      7714 Rte 29, Falls Church, VA 22042-7736
      View Details
    • Value Estimation
      $855,000
      6,349 SF

      7515 Rte 29

      COMMERCIAL (GENERAL) • 6,349 SF
      7515 Rte 29, Falls Church, VA 22042-2800
      View Details

    Similar Nearby for Sale

    • $715,000

      Falls Church Specialty Property

      Specialty property available for sale in Falls Church, Virginia.
      2805 Woodlawn Ave, Falls Church, VA 22042
      View Details
    • $899,000

      Falls Church Specialty Property

      Specialty property for sale in Falls Church, Virginia.
      3333 Slade Run Dr, Falls Church, VA 22042
      View Details
    • $149,500

      Established Floral Business Opportunity

      Thriving floral business for sale in high-visibility Falls Church retail center.
      2790 Graham Rd, Falls Church, VA 22042
      View Details
    • Contact for pricing
      199,783 SF

      Renovated Class A Office Building

      Recently renovated Class A office building in Merrifield submarket.
      3141 Fairview Park Dr, Falls Church, VA 22042
      View Details
    • $665,000

      Falls Church Specialty Property

      Specialty property available for sale in Falls Church, Virginia.
      7124 Wade Pl, Falls Church, VA 22042
      View Details
    • $399,900

      Vacant Lot in Falls Church

      6,813 sqft vacant lot in the heart of Falls Church.
      2821 Douglass Ave, Falls Church, VA 22042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      407 SF

      Office Space in Graham Park

      Office space for rent in Falls Church, Virginia.
      7243-7259 Arlington Blvd, Falls Church, VA 22042
      View Details
    • Contact for pricing
      13,440 SF

      Fairview Park Office Space Available

      Office space featuring private offices, conference rooms, and flex desks.
      2941 Fairview Park Dr, Falls Church, VA 22042
      View Details
    • Contact for pricing
      84,928 SF

      Merrifield Town Center Retail Space

      Luxury retail, prime location, two suites available.
      8190 Strawberry Ln, Falls Church, VA 22042
      View Details
    • Contact for pricing
      53,579 SF

      Falls Church Retail Land Opportunity

      Prime 1-Acre Retail Lot in Falls Church, VA
      3023 Annandale Rd, Falls Church, VA 22042
      View Details
    • Contact for pricing

      Retail Space Near Dunn Loring

      Retail space available near Dunn Loring metro station.
      2831 Lee Hwy, Merrifield, VA 22042
      View Details
    • Contact for pricing
      2,775 SF

      Retail Space Anchored by Safeway

      Retail space in renovated shopping center with high traffic.
      7395-7397 Lee Hwy, Falls Church, VA 22042
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7700 Rte 29
    Falls Church, VA 22042-7736
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.