Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3875 Pickett Rd Fairfax, VA 22031

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr

    Retail space available in Fairfax City at Pickett Road Center.

    We can help!

    Listing Contact
    Jeff Handler
    Jeff Handler
    Source: Svn

    Listing Agent: Jeff Handler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Fairfax City

    Located on Pickett Road near Main Street in Fairfax City, this retail space is situated at a signalized intersection. The location offers prominent visibility. The property is suitable for low-intensity uses such as home furnishings, kitchen and bath shops, and retail/warehouse businesses. NewMoon Blinds, a window treatment specialist offering on-site consultations and ordering for their custom-made products, is located at this address. The property is part of Pickett Road Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Pickett Shopping Center, Fair City Mall, Coinstar, Turnpike Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2715247
    Latitude
    38.845137

    Nearby Similar for Lease

    • New
      $10,500 /Mo
      31,799 SF

      Fairfax Commercial Space with Flexibility

      Versatile 3,200 SF Fairfax commercial space for lease.
      10614 Warwick Ave, Fairfax, VA 22030
      View Details
    • $4,500 /Mo

      Move-in Ready Fairfax Office Suite

      First-floor office suite with abundant natural light and flexible layout.
      3930 Pender Dr, Fairfax, VA 22030
      View Details
    • $2,700 /Mo

      Office Space Near I-66

      Office space for lease with easy access to I-66.
      11166 Fairfax Blvd, Fairfax, VA 22030
      View Details
    • $11,800 /Mo
      20,473 SF

      Fairfax Commercial Lease Opportunity

      Prime Fairfax location suitable for various businesses. Excellent visibility.
      4000 Burke Station Rd, Fairfax, VA 22032
      View Details
    • $2,300 /Mo

      Fairfax Plaza Office Space

      Office space for lease in Fairfax, Route 50 adjacent.
      9506-B Lee Hwy, Fairfax, VA 22031
      View Details
    • $2,800 /Mo

      Fairfax Office Space for Rent

      Newly renovated office space available in Fairfax, Virginia.
      10509 Braddock Road, Fairfax, VA 22032
      View Details
    • New
      $1,000 /Mo

      Renovated Office Space in Fairfax

      Upscale, modern, shared office space in a prime location.
      3911 Blenheim Blvd, Fairfax, VA 22030
      View Details
    • $5,374 /Mo

      Prime Fairfax Office Space Available

      Office space for lease with excellent location and accessibility.
      11166 Fairfax Blvd Unit, Fairfax, VA 22030
      View Details
    • $895 /Mo

      Furnished Office Suites For Rent

      Private, furnished office suites available with utilities included in Fairfax.
      11130 A, Fairfax, VA 22030
      View Details
    • $30 SF/Yr

      Luxury Office Suite Near Courthouse

      Recently renovated, executive-class office suite in Fairfax City for rent.
      10521 Judicial Dr, Fairfax, VA 22030
      View Details
    • $30 SF/Yr

      Fairfax City Executive Office Suite

      Custom-build executive office suite in a prestigious Fairfax City building.
      10521 Judicial Dr, Fairfax, VA 22030
      View Details
    • $650 /Mo

      Furnished Office Space in Fairfax

      Furnished office with natural light, internet, and parking included.
      11130 B, Fairfax, VA 22030
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in Fairfax City at Pickett Road Center.
    Where is this shopping center located?
    The property is located at 3875 Pickett Rd Fairfax, VA.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - Prominent location on Pickett Road near Main Street in Fairfax City.; - Located at a signalized intersection.; - Offers **prominent visibility**.
    (703) 969-3280
    Request Owner's contact information
    3875 Pickett Rd Fairfax, VA 22031
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3875 Pickett Rd
    Fairfax, VA 22031
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3875 Pickett Rd Fairfax, VA 22031
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Handler
    Jeff Handler
    (703) 969-3280 (571) 526-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!