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

    4040 N Fairfax Dr Arlington, VA 22203

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8,447 SF office space for rent in Arlington, VA.

    Property size:
    8,447 SF
    Lot size:
    1.30 Acres

    Property Features for 4040 N Fairfax Dr

    General Information

    Size
    8,447 SF
    Lot size
    1.30 Acres

    We can help!

    Listing Contact
    Erik Mclaughlin
    Erik Mclaughlin
    Source: Moodyscre

    Listing Agency: Stream Realty Partners - Northern Virginia Listing Agent: Erik Mclaughlin

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

    Learn more

    Property Insight Report

    Overview

    Arlington Office Space Available

    This property offers 8,447 square feet of office space and is available for rent. It is located in Arlington, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dominion Fertility Arlington Medical Clinic Octopus Properties Inc Construction Company CEG Solutions LLC Construction Company Behtel Dawit Real ... Real Estate Agency Dr. Michael Dimattina, ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Arlington
    State
    Virginia
    Longitude
    -77.1088594
    Latitude
    38.8821523

    Nearby Similar for Lease

    • $8,200 /Mo
      436 SF

      Premier Retail Space in Arlington

      High-visibility retail space near Courthouse and Clarendon Metro stations.
      2420 Wilson Blvd, Arlington, VA 22201
      View Details
    • $4,813 /Mo

      Courthouse Area Office Suite

      Seven-room office suite in Courthouse neighborhood, near Metro.
      2007 15Th St N, Arlington, VA 22201
      View Details
    • $2,532 /Mo

      Courthouse Area Office Suite

      Four-room office suite in the Courthouse neighborhood, two blocks from Metro.
      2007 15Th St N, Arlington, VA 22201
      View Details
    • $4,044 /Mo
      16,553 SF

      Langston Blvd Take-Out Restaurant Space

      784 SF take-out restaurant space in Arlington, available 5/1/26.
      3907 Langston Blvd, Arlington, VA 22207
      View Details
    • $2,885 /Mo
      11,326 SF

      Class A Office Space

      Office space for lease near Courthouse Metro Station in Arlington.
      2200 Wilson Blvd, Arlington, VA 22201
      View Details
    • $5,000 /Mo

      Arlington Retail Space For Lease

      Retail space in the heart of Arlington's Ballston neighborhood.
      900 N Taylor St, Arlington, VA 22203
      View Details
    • Sponsored
      Contact for pricing

      VA, Arlington- 2451 Crystal Drive

      Workspaces, services and support to help you grow your business in VA, Arlington- 2451 Crystal Drive
      2451 Crystal Dr, Arlington, VA 22202
      View Details
    • Contact for pricing

      VA, Arlington - 2611 S Clark - National Landing

      Discover many ways to work your way in VA, Arlington - 2611 S Clark - National Landing
      2611 Clark St, Arlington, VA 22202
      View Details
    • New
      Contact for pricing

      Spaces The Artisphere

      Find fully flexible work and meeting space in Spaces Atlanta - The Battery
      1101 Floors, Arlington, VA 22209
      View Details
    • $37 SF/Yr

      Office Spaces in Shirlington Village

      Office spaces with amenities and networking opportunities in Arlington, VA.
      2700 S Quincy St S, Arlington, VA 22206
      View Details
    • New
      Contact for pricing

      Ballston

      Discover many ways to work your way in Ballston
      4250 Fairfax Dr, Arlington, VA 22203
      View Details

    FAQs

    What type of property is this?
    Office units - 8,447 SF office space for rent in Arlington, VA.
    Where is this office units located?
    The property is located at 4040 N Fairfax Dr Arlington, VA.
    What are key features of this property?
    This property features: - 8,447 SF office space available for rent.; - Located in Arlington, VA.; - Office space.
    (703) 870-3881 Call to check price and availability
    Request Owner's contact information
    4040 N Fairfax Dr Arlington, VA 22203
    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.
    4040 N Fairfax Dr
    Arlington, VA 22203
    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
    4040 N Fairfax Dr Arlington, VA 22203
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erik Mclaughlin
    Erik Mclaughlin
    (703) 870-3881 (703) 439-1137
    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!