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8217 Lee Hwy 3,835 SF Retail Building Falls Church, VA 22042 $4,500,000 ($1,173.40/SF) 4.44% Cap Rate
Investment Highlights
- 100' of frontage on Lee Highway at the intersection of Gallows Road next to the Mosaic District
Executive Summary
100' of frontage on Lee Highway at the intersection of Gallows Road. 200' of frontage onto Yates Way adjacent to the Mosaic District. 40x100' freestanding building. Lot is approx 19,000sf.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$200,000
|
$52.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,000
|
$52.15
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $52.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,000 |
| Annual Per SF | $52.15 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,835 SF
Building Class
C
Year Built
1957
Price
$4,500,000
Price Per SF
$1,173.40
Cap Rate
4.44%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.43 AC
Zoning
550 - I-5
Parking
25 Spaces (6.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Tires Plus Total Car Care
- Retailer
- 3,835 SF
- -
- Triple Net
- Apr 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Tires Plus Total Car Care | Retailer | 3,835 SF | - | Triple Net | Apr 2030 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Also available for sale
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,835 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 3,835 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 3,835 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Also available for sale
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0494-01-0005 | Improvements Assessment | $462,850 (2025) |
| Land Assessment | $534,580 (2025) | Total Assessment | $997,430 (2025) |
Property Taxes
Parcel Number
0494-01-0005
Land Assessment
$534,580 (2025)
Improvements Assessment
$462,850 (2025)
Total Assessment
$997,430 (2025)
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8217 Lee Hwy
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