Fully Leased Retail
For Sale
$4,200,000
10610 Main St, Fairfax, VA 22030
Four tenants, rent escalation, passive income in Fairfax City.
Property Size6,137 SF
Price / SF$684.37
Days on Market157
Property Features for 10610 Main St
General Information
Standard status
Active
Size
6,137 SF
Building Details
Year Built
1952
Listing Agency:
Aligned Realty Solutions
Listed By:
Hyo Suk Choi · License #0225229579
(703) 338-8678
Source:
Riverfoxrealty
Added: May 13
Changed: Oct 15
Last Checked: Oct 5 at 11:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aligned Realty Solutions
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Investment Insights
Based on property information with market context.
This commercial property in Fairfax City is fully leased to four tenants. The property is situated on a large lot. Rent escalation is in place, offering additional upside. This presents a low-management, passive investment opportunity within a strong retail trade area.
Key Highlights
- Fully Leased to Four Tenants offering immediate income.
- Rent Escalation in Place with Additional Upside, ensuring future revenue growth.
- Large Lot in Fairfax City provides potential for future development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,317
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,366,340
$3.4M
Cap Rate 7%
$2,404,529
$2.4M
Cap Rate 9%
$1,870,189
$1.9M
Market Conditions
NOI Build-Up for 6,137 SF
Gross rent
$248.9K $40.56/SF
− Vacancy
−$8.5K −$1.38/SF
EGI
$240.5K $39.18/SF
− OpEx
−$72.1K −$11.75/SF
NOI
$168.3K $27.43/SF
Area
Fairfax County, VA
Vacancy
3.40%
Lease Rate
$40.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,366,340
Cap Rate 7%
$2,404,529
Cap Rate 9%
$1,870,189
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.81M
NOI $168,317 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$25.72M
$22.51M – $30.01M
NOI $1,800,734 @ 7.0% cap · market cap 42.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Four tenants, rent escalation, passive income in Fairfax City.
Where is this retail property located?
The property is located at 10610 Main St Fairfax, VA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Fully Leased to Four Tenants offering immediate income.; Rent Escalation in Place with Additional Upside, ensuring future revenue growth.; Large Lot in Fairfax City provides potential for future development.
