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

    3900 University Dr, Unit 320 Fairfax, VA 22030

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7,129 /Mo

    3,769 SF office space in Old Town Fairfax for rent.

    Lot size:
    0.59 Acres

    Property Features for 3900 University Dr

    General Information

    Standard status
    Active
    Lot size
    0.59 Acres

    Building Details

    Year built
    1977

    We can help!

    Listing Contact
    Don E Foster
    Source: Exitrealty

    Listing Agency: Foster Management Inc. Listing Agent: Don E Foster

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

    Learn more

    Overview

    Professional Office Space in Fairfax

    This property offers 3,769 square feet of professional office space situated in the heart of Old Town Fairfax. The space is designed with perimeter offices that benefit from ample natural light and includes a kitchenette within the suite. The location is walkable, providing convenient access to numerous shopping and dining options. The lease is full-service, covering all utilities and cleaning services from Monday to Friday. Tenants are responsible for low voltage costs, such as internet and cable. Parking is provided at a rate of 3.4 spaces per 1,000 square feet leased. The space can be split. Property management is located on the same block.
    Location Intelligence

    Current Use by Public Records

    University Drive at Whitehead ... Parking Lot & Garage Pinkowski & Associates Law Firm Worster Law Law Firm Charles L. Shumate Law Firm Lawrence, Smith & Gardner Law Firm

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3048856
    Latitude
    38.8488889

    Nearby Similar for Lease

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

      Fairfax Commercial Space with Flexibility

      Versatile 3,200 SF commercial space suitable for various uses.
      10614 Warwick Ave, 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
    • $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
    • $895 /Mo

      Furnished Office Suites For Rent

      Private, furnished office suites available with utilities included in Fairfax.
      11130 A, 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
    • $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
    • $650 /Mo

      Furnished Office Space in Fairfax

      Furnished office with natural light, internet, and parking included.
      11130 B, 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
    • $2,800 /Mo

      Fairfax Office Space for Rent

      Newly renovated office space available in Fairfax, Virginia.
      10509 Braddock Road, Fairfax, VA 22032
      View Details
    • Sponsored
      Contact for pricing

      Fair Oaks

      Discover many ways to work your way in Fair Oaks
      11350 Random Hills Rd, Fairfax, VA 22030
      View Details
    • Sponsored
      Contact for pricing

      Willow Oaks II

      Flexible workspace in West Loop 200 S. Wacker
      8280 Willow Oaks Corporate Dr, Fairfax, VA 22031
      View Details

    FAQs

    What type of property is this?
    Office units - 3,769 SF office space in Old Town Fairfax for rent.
    Where is this office units located?
    The property is located at 3900 University Dr, Unit 320 Fairfax, VA.
    What is the lease rate?
    The lease rate is $7,129 /Mo.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Town Fairfax, offering walkability to shopping and restaurants.; - Full-service lease includes all utilities and cleaning services (M-F).; - 3.4 parking spaces per 1000 SF leased.
    (703) 385-8900
    Request Owner's contact information
    3900 University Dr, Unit 320 Fairfax, VA 22030
    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.
    3900 University Dr, Unit 320
    Fairfax, VA 22030
    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
    3900 University Dr, Unit 320 Fairfax, VA 22030
    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
    Don E Foster
    Real Estate License ID: 0225107097
    (703) 385-8900
    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!