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    9865 Fairfax Blvd Fairfax, VA 22030

    Sponsored
    For Sale
    $8,500,000

    High-traffic retail site, development potential.

    Property size:
    18,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 1.75-acre retail property, located at 9865 Fairfax Boulevard in Fairfax, Virginia, presents a unique investment opportunity. The site boasts a prime location at the intersection of Highway 50 and 29, ensuring high visibility and accessibility. The existing building comprises 18,000 square feet of retail space. However, the true potential lies in the approved plans for a substantial 104,000 square foot assisted living/memory care facility with 111 rooms. This presents a lucrative opportunity for immediate income generation or redevelopment. The property's strategic location offers unparalleled convenience, with proximity to numerous restaurants and shops, George Mason University, and the Vienna Metro. Easy access to major transportation arteries, including I-66, I-495, and Fair Oaks Mall, further enhances its appeal. The three parcels comprising this property provide ample space for future expansion or alternative development projects, such as the potential construction of hundreds of apartments or additional senior housing. This is a rare chance to acquire a significant commercial property in a thriving Fairfax location with substantial development potential. The asking price is $8,500,000.

    Property Features for 9865 Fairfax Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    18,000 SF
    Lot Size
    76,230 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Lee High Inn Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax City
    State
    Virginia
    Longitude
    -77.28503
    Latitude
    38.8631

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail site, development potential.
    Where is this retail property located?
    The property is located at 9865 Fairfax Blvd Fairfax, VA.
    What is the asking price?
    The asking price for this property is $8,500,000.
    (703) 748-0001
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    9865 Fairfax Blvd Fairfax, VA 22030
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    Realmo Value Estimation

    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.

    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.

    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
    9865 Fairfax Blvd Fairfax, VA 22030
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