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Property profile & analytics
OFF-MARKET
Estimated value
$12,065,000
Office buildings
Falls Church, VA 22044
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1144054
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
50,096 SF
Lot
1.41 ac (61,245 SF)
Zoning code
C-7(REGIONAL RETAIL)
APN
051-3-23-B
UPID
US87-1144054
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
$15.56M
Comparable Approach
Comparable
$11.99M
Blend (final)
Blend
$12.07M
Owner & transaction history
Paula Schuman · 4 yrs held
Paula Schuman
since 2022
7 recorded transactions
Zoning & alternative use
C-7(REGIONAL RETAIL) · Church, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.5M
+30.7%
Commercial (general)
$17.1M
+21.3%
Industrial (general)
$17.0M
+20.6%
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 Church submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,860,000
6.5%
$15,560,000
7%
$14,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,470,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,135,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$17,040,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,725,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,700,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$12.07M
Range $10.86M – $13.27M · ±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
$241 / 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
$38,550
Tax year 2024
Assessed value
$2,959,660
Assessed 2024
Previous assessed
$3,530,520
-16.2% YoY
Effective rate
1.30%
On assessed value
Assessed land
$613,940
Assessed improvement
$2,345,720
Land market value
$613,940
Improvement market value
$2,345,720
Total market value
$2,959,660
Applied tax rate
5.0000
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
1967
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
YES
Stories
4
Total area
50,096 SF
Lot
1.41 ac (61,245 SF)
Zoning code
C-7(REGIONAL RETAIL)
APN
051-3-23-B
UPID
US87-1144054
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-7(REGIONAL RETAIL) · Church, VA
Zoning C-7(REGIONAL RETAIL) · permitted uses
C-7(REGIONAL RETAIL) · Church, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Church. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
COMMERCIAL (GENERAL)
Est. value
$17.1M
INDUSTRIAL (GENERAL)
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$16.7M
WAREHOUSE, STORAGE
Est. value
$14.7M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1967
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
Yes
Stories
4
Lot
1.41 ac
Current owner
From public records · entity-resolved
Paula Schuman
Individual
Free & Clear · 4 yrs held
Mailing address
6231 LEESBURG PIKE STE #100, FALLS CHURCH, VA 22044-2100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Paula Schuman
Julie A Wilson
Correction Deed
related
—
Jul 29, 2021
—
Paula Schuman
Paula Sue Schuman
Intrafamily Transfer
related
—
Jun 9, 2021
—
Richard Luney
Richard Luney
Intrafamily Transfer
related
—
Feb 26, 2007
—
Eaton Of Meyer Family Trust
Meyer,diana
Quit Claim Deed
related
—
Jul 26, 2006
—
Schuman Paula Trust
Schuman,paula
Quit Claim Deed
related
—
Jul 24, 2006
—
Wilson Trust
Wilson,julie
Quit Claim Deed
related
—
May 19, 2006
—
Luney James M & Theresa Trust
Luney,james
Quit Claim Deed
related
—
Apr 25, 2006
—
Lewis John A 2005 Trust
Lewis,john A
Quit Claim Deed
related
—
Mar 9, 2006
—
Flynn Janine E Trust
Flynn,janine E
Quit Claim Deed
related
—
Dec 12, 2005
—
Julie Wilson
Poppelman R J 1978 Trust
Grant Deed
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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