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Property profile & analytics
FOR LEASE
Office buildings
7770 Backlick Rd Springfield, VA 22150
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1380033
For Lease
1 / 3
$44,855,000
7770 Backlick Rd, Springfield, VA 22150
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
270,191 SF
Lot
1.83 ac (79,806 SF)
Zoning code
C-4(HIGH DENSITY OFFICE)
APN
099-1-01-0023-B
UPID
US87-1380033
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
-
General Dynamics Corporation Industrial Manufacturer Production Facility
-
Peraton Corporate Office
-
Patriot Ridge Computer & Electronic Repair (Bike/Boat/Book/etc) Store
-
Upptown Restaurant
-
Semaconnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.51M
Blend (final)
Blend
$44.86M
Owner & transaction history
PATRIOT RIDGE I 7770 LLC
PATRIOT RIDGE I 7770 LLC
Zoning & alternative use
C-4(HIGH DENSITY OFFICE) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$71.1M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$66,300,000
Current use
WAREHOUSE, STORAGE
$71,095,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$44.86M
Range $40.37M – $49.34M · ±10%
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
$166 / 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
$588,256
Tax year 2024
Assessed value
$45,832,190
Assessed 2024
Previous assessed
$53,264,040
-14.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,633,600
Assessed improvement
$43,198,590
Land market value
$2,633,600
Improvement market value
$43,198,590
Total market value
$45,832,190
Applied tax rate
4.0000
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
For Lease
Heating
NONE
Stories
8
Total area
270,191 SF
Lot
1.83 ac (79,806 SF)
Zoning code
C-4(HIGH DENSITY OFFICE)
APN
099-1-01-0023-B
UPID
US87-1380033
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-4(HIGH DENSITY OFFICE) · Springfield, VA
Zoning C-4(HIGH DENSITY OFFICE) · permitted uses
C-4(HIGH DENSITY OFFICE) · 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
OFFICE BUILDING Current
Est. value
$66.3M
WAREHOUSE, STORAGE
Est. value
$71.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
8
Lot
1.83 ac
Current owner
From public records · entity-resolved
PATRIOT RIDGE I 7770 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
6711 COLUMBIA GTWY DR STE #300, COLUMBIA, MD 21046-2383
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
Try Rey
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