Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Office Condo For Sale Title is generated by Realmo AI

    3873 Plaza Dr, Fairfax, VA 22030

    View on Map
    Claim this Listing
    For Sale
    $399,500

    Updated office condo in Fairfax, convenient location, priced below assessment.

    Type:Commercial
    Added:
    May 14, 2026
    Days on Market:
    20
    Last Refresh:
    May 16 at 8:34 pm

    Property Features for 3873 Plaza Dr

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    ANSHUM SAPRA

    Listing agent ANSHUM SAPRA

    Listing office BAJWA COMMERCIAL REAL ESTATE

    Listing date May 14, 2026

    Source Corcoran

    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 BAJWA COMMERCIAL REAL ESTATE

    HighLights

    • Zoned C2 (Retail Comm) offering versatile business possibilities.
    • Priced below current assessment.
    • 6 Office Rooms + 1 Large Conference Room and 2 Baths.
    • Updated 2nd Floor Office Condo.
    • Hardwood Flooring.
    • Convenient location to downtown Fairfax City, major roads, the Judicial Center, George Mason University.

    Overview

    This updated second-floor office condo is located in Fairfax and is zoned C2 (Retail Comm). The property features fresh paint and hardwood flooring. The layout includes six office rooms, one large conference room, and two bathrooms. The office space is situated on Old Lee Highway, offering convenient access to downtown Fairfax City, major roads, the Judicial Center, and George Mason University. The property is currently leased month to month and is priced below the current assessment.
    Location Intelligence

    Current Use by Public Records

    Express Title Services, ... Title Company PACE Academy, LLC Training Center WISE ESTATE REALTY ... Real Estate Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3007759
    Latitude
    38.8486475

    Nearby Similar for Sale

    • $150,000

      Turnkey Grocery Store Opportunity

      Established grocery store for sale in prime Lee Highway location.
      11116 LEE HWY, FAIRFAX, VA 22030
      View Details
    • $380,000
      1,134 SF

      Fairfax Office Condo For Sale

      Well-maintained 1,134 sq ft office condo in Old Town Fairfax.
      3913 BLENHEIM Boulevard, FAIRFAX, VA 22030
      View Details
    • $40,000
      700 SF

      Profitable Salon in Prime Location

      Turnkey salon with established clientele in Fairfax, Virginia.
      10010 MAIN Street, FAIRFAX, VA 22031
      View Details
    • $485,000

      FAIRFAX Office Condo For Sale

      Three-level office condo near Downtown Fairfax City.
      4000 WILLIAMSBURG Court, FAIRFAX, VA 22032
      View Details
    • $255,000

      Fairfax City Restaurant Opportunity

      Thai restaurant in Fairfax City available for sale.
      11180 FAIRFAX BLVD., FAIRFAX, VA 22030
      View Details
    • $420,000

      Medical Office Condo For Sale

      Well-maintained medical office condo in Pender Professional Center.
      3930 PENDER Drive, FAIRFAX, VA 22030
      View Details
    • $1,500,000
      5,170 SF

      Old Town Fairfax Colonial Office

      Two-story colonial office building in Old Town Fairfax.
      4235 CHAIN BRIDGE Rd, Fairfax, VA 22030
      View Details
    • $423,995

      Adjoining Office Townhomes in Fairfax

      Two connected office townhomes in Democracy Square Business Center.
      10343 DEMOCRACY Ln A, Fairfax, VA 22030
      View Details
    • $552,000
      2,300 SF

      City of Fairfax Office Condo

      Office condo in Fairfax near Judicial Center and George Mason.
      3923 BLENHEIM Blvd 62C & 62D, Fairfax, VA 22030
      View Details
    • $215,000

      Bright Corner Office Suite

      Top floor office near Fairfax courthouse with ample parking.
      10617 JONES Street, FAIRFAX, VA 22030
      View Details
    • $297,000

      Move-in Ready Fairfax Office Condo

      1200 SF office condo with individual suites and furnishings.
      10509 BRADDOCK Road, FAIRFAX, VA 22032
      View Details
    • $215,000

      Bright Office Suite Near Courthouse

      Top floor office suite with ample parking and natural light.
      10617 JONES St 301B, Fairfax, VA 22030
      View Details

    FAQs

    What type of property is this?
    Office units - Updated office condo in Fairfax, convenient location, priced below assessment.
    Where is this office units located?
    The property is located at 3873 Plaza Dr Fairfax, VA.
    What is the asking price?
    The asking price for this property is $399,500.
    What are key features of this property?
    This property features: Zoned C2 (Retail Comm) offering versatile business possibilities.; Priced below current assessment.; **6 Office Rooms + 1 Large Conference Room and 2 Baths.**
    (202) 758-5200
    We can help!
    Listing Contact
    ANSHUM SAPRA
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3873 Plaza Dr, FAIRFAX, VA 22030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!