Fully Leased Retail
For Sale
$4,200,000
10610 MAIN STREET, Fairfax, VA 22030
Four tenants, rent escalation, passive income in Fairfax City.
Property Size6,137 SF
Price / SF$684.37
Days on Market106
Property Features for 10610 MAIN STREET
General Information
Standard status
Active
Size
6,137 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$34,095
Amenities
Central Air
3
Concrete
Instant Hot Water
Flat
Parking.
Lot.
City
Close To Shops, Central Business District.
Building Details
Year Built
1952
Listing Agency:
Aligned Realty Solutions
(703) 338-8678
Listed By:
Hyo Choi
(703) 338-8678
Source:
Xome
Added: May 11
Changed: Aug 23
Last Checked: Aug 24 at 5:04AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$168,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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 STREET 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.
