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Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
Strip malls
7810 Rte 29 Falls Church, VA 22042-7712
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0625235
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
CONCRETE BLOCKS
Total area
18,479 SF
Lot
1.89 ac (82,352 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-2-01-0092-A
UPID
US87-0625235
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
$7.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.52M
Blend (final)
Blend
$7.64M
Owner & transaction history
Reese Merrifalls LLC · 5 yrs held
Reese Merrifalls LLC
since 2021
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Falls Church submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falls Church 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
$7,650,000
ML approach
$7,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,815,000
Current use
COMMERCIAL (GENERAL)
$6,320,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,285,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,170,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±10% · vs last sale $7.55M (Jun 7 2021)
Last sale anchor
$7.55M
Jun 7 2021
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
$413 / 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
$92,649
Tax year 2024
Assessed value
$7,218,490
Assessed 2024
Previous assessed
$6,966,880
+3.6% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,129,380
Assessed improvement
$4,089,110
Land market value
$3,129,380
Improvement market value
$4,089,110
Total market value
$7,218,490
Applied tax rate
7.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
18,479 SF
Lot
1.89 ac (82,352 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
049-2-01-0092-A
UPID
US87-0625235
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Falls Church, VAZoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · Falls Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Reese Merrifalls LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7530 RED HL DR, SPRINGFIELD, VA 22153-3935
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2021
$50,000
Reese Merrifalls LLC
Sharon Traino
Deed
—
Jun 7, 2021
$7,550,000
Ak Merrifalls LLC
Reese Merrifalls LLC
Deed
—
Jan 4, 2021
$10,000
Reese Merrifalls LLC
Hall Family Support Trust
Grant Deed
—
Dec 21, 2020
$10,000
Reese Merrifalls LLC
Cecilia B Butler
Grant Deed
—
Dec 21, 2020
$75,000
Reese Merrifalls LLC
David Hisey
Grant Deed
—
Sep 27, 2019
$40,000
Reese Merrifalls LLC
Joseph W Kiser
Grant Deed
—
May 10, 2018
$20,000
Reese Merrifalls LLC
Stickley,harold R
Grant Deed
—
May 10, 2018
—
Reese Merrifalls LLC
—
Deed
related
—
Sep 21, 2017
$33,400
Reese Merrifalls LLC
Sutlive,howard
Grant Deed
—
Sep 21, 2017
$11,200
Reese Merrifalls LLC
Hisey,melody
Grant Deed
—
Sep 21, 2017
$16,600
Reese Merrifalls LLC
Baker,charles L
Grant Deed
—
Oct 31, 2016
—
Reese Merrifalls LLC
—
Deed
related
$4,365,000 · Wells Fargo Bank NA
Feb 9, 2016
$2,813
Reese Merrifalls LLC
Stickley,mervin
Grant Deed
related
—
Aug 29, 2014
—
Howard Sutlive
Baker,fred A
Quit Claim Deed
related
—
Mar 31, 2005
—
Bom Associates LP
Owner Name Unavailable
Grant Deed
related
—
—
—
Reese Merrifalls LLC
—
Loan Modification
related
—
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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