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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Office buildings
7800 Backlick Rd Springfield, VA 22150-2204
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0417841
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
19,973 SF
Lot
6.45 ac (280,772 SF)
Zoning code
C-4(HIGH DENSITY OFFICE)
APN
099-1-01-0022-A
UPID
US87-0417841
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$3.91M
Owner & transaction history
Patriot Ridge Commons LLC · 14 yrs held
Patriot Ridge Commons LLC
since 2011
6 recorded transactions
Zoning & alternative use
C-4(HIGH DENSITY OFFICE) · Springfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.3M
+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
$4,900,000
Current use
WAREHOUSE, STORAGE
$5,255,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$196 / 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
$53,356
Tax year 2024
Assessed value
$4,157,040
Assessed 2024
Previous assessed
$4,572,740
-9.1% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,157,040
Land market value
$4,157,040
Total market value
$4,157,040
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
Off-Market
Year built
1995
Heating
OTHER
Cooling
YES
Stories
1
Rooms
4
Bathrooms
0
Total area
19,973 SF
Lot
6.45 ac (280,772 SF)
Zoning code
C-4(HIGH DENSITY OFFICE)
APN
099-1-01-0022-A
UPID
US87-0417841
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
$4.9M
WAREHOUSE, STORAGE
Est. value
$5.3M
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
Year built
1995
Heating
OTHER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
0
Lot
6.45 ac
Current owner
From public records · entity-resolved
Patriot Ridge Commons LLC
Entity
Free & Clear · 14 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
2011
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
Oct 3, 2011
—
Patriot Ridge 7770 LLC
—
Deed Of Trust
related
$81,500,000 · Manufacturers Traders & Trust
Aug 12, 2011
$10,483,587
Patriot Ridge Commons LLC
Patriot Ridge I LLC
Grant Deed
related
—
Aug 12, 2011
$2,798,332
Patriot Ridge 7770 LLC
Patriot Ridge I LLC
Grant Deed
related
—
Mar 3, 2010
$4,500,000
Copt Patriot Ridge LLC
Opus East LLC
Grant Deed
—
Sep 17, 2007
$4,240,000
Opus East LLC
Mike Pallone Land Co LLC
Grant Deed
$3,100,000 · Wachovia Bank NA
Nov 17, 2006
—
Mike Pallone Land Co LLC
—
Deed Of Trust
related
$2,600,000 · Branch Banking & Trust Co Va
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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