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    7964 Conell Ct Ste B Lorton, VA 22079-1036

    • Warehouses
    • 1,800 SF
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0086475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Building Automation Services / Heating Contractor
    • Rich Bakery / Bakery
    • NV Flagging LLC / Corporate Office
    • DBS Roofing / Roofing Contractor
    • Vanguard Services, Inc. / General Contractor / Bathroom Remodeler

    Property Details for 7964 Conell Ct Ste B

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Property size
    1,800 SF
    Zone code
    I-5(INDUSTRIAL GENERAL)
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    099-2-06-0002
    APU
    992060002

    Description

    This exceptional 1800-square-foot office/warehouse space is situated in a secure, private industrial park in Lorton, Virginia, offering unparalleled convenience and functionality. The property boasts a thoughtfully designed layout, including a welcoming reception area, perfect for client interaction. Five individual office rooms provide ample private workspaces, while a spacious common meeting room facilitates collaboration and presentations. A convenient kitchenette and bathroom add to the overall comfort and practicality of the space. The unit also features a significant advantage: a private garage accessed via a 14-foot drive-in door, ideal for loading, unloading, and secure storage. This location provides exceptional accessibility, with easy access to major transportation arteries including I-95, US-1, and the Fairfax County Parkway, ensuring a seamless commute for employees and clients alike. The industrial park itself offers abundant parking, catering to both commercial and personal vehicles. The monthly rent is $2,775.00, based on a modified gross lease. This property presents a rare opportunity to secure a well-appointed and strategically located industrial space in a thriving area. Don't miss out on this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $310,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $300,000
      Market price range: $70.1k - $446k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lorton
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.1788
    Latitude
    38.74
    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
    $4,852
    $75,600
    $302,400
    $378,000
    -
    $75,600
    $302,400
    $378,000

    Comparable in this City

    • Value Estimation
      $670,000
      91,939 SF

      7110 Rainwater Pl

      MINI-WAREHOUSE, STORAGE • 91,939 SF
      7110 Rainwater Pl, Lorton, VA 22079-1521
      View Details
    • Value Estimation
      $320,000
      4,500 SF

      7205 Telegraph Sq Drb

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      7205 Telegraph Sq Drb, Lorton, VA 22079-1550
      View Details
    • Value Estimation
      $580,000
      79,378 SF

      8350 Terminal Rd

      MINI-WAREHOUSE, STORAGE • 79,378 SF
      8350 Terminal Rd, Lorton, VA 22079-1422
      View Details
    • Value Estimation
      $940,000
      74,000 SF

      Lorton, VA 22079

      MINI-WAREHOUSE, STORAGE • 74,000 SF
      Lorton, VA 22079
      View Details
    • Value Estimation
      $810,000
      44,986 SF

      8433 Backlick Rd

      MINI-WAREHOUSE, STORAGE • 44,986 SF
      8433 Backlick Rd, Lorton, VA 22079-1448
      View Details
    • Value Estimation
      $1,025,000
      220,731 SF

      8241 Backlick Rd

      MINI-WAREHOUSE, STORAGE • 220,731 SF
      8241 Backlick Rd, Lorton, VA 22079-1429
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $13 SF/Yr

      Warehouse Space Near I-95

      9,101 SF warehouse with dock doors, near I-95.
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    • Contact for pricing
      4,290 SF

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      Flexible industrial warehouse suites with drive-in and dock-high loading.
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      View Details
    • $12,775 /Mo

      Industrial Flex Space For Rent

      Industrial flex space suitable for manufacturing, distribution, or offices.
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      4,477 SF

      High-Bay Industrial Warehouse Space

      Flexible industrial suites with dock-high loading and nearby amenities.
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    • Contact for pricing
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    • $14 SF/Yr
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      View Details
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    Lorton, VA 22079-1036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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