7032 CommerceSpringfield, VA 22150

  • Retail properties
  • 31,958 SF
Off market
$13,754,660 Estimated

Property Details for 7032 Commerce

Year built
1983
Construction
BRICK
Lot size
2.74 AC
Property size (Sq ft)
31,958 SF
Zone code
C-6(COMMUNITY RETAIL)
Property type
Retail properties
Property subtype
Community centers
APN
080-4-09-0011
APU
804090011

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,910,389
    6.5%
    $9,148,051
    7%
    $8,494,619
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,450,010
    Geo Method
    $13,450,010
  • Alternative Use

    Use
    Valuation
    Residential
    $7,716,724
    Hospitality
    $7,068,478
    Educational
    $5,880,890
    Medical
    $6,083,143
    Retail
    $9,148,051
7032 Commerce, Springfield, Virginia

Location Insight

City
Springfield
County
Fairfax
State
Virginia
Latitude
38.7831
Longitude
-77.1876
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$176,541
$4,534,620
$9,220,040
$13,754,660
-
$4,534,620
$9,220,040
$13,754,660

FAQs

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