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Renovated Class A Office Building

3975 Fair Ridge Drive, Fairfax, VA 22033

For Sale
New
$27,500,000

The five-story property combines flexible office suites with covered garage and surface parking.

Property Size213,364 SF
Lot Size8.53 Acres
Price / SF$128.89
Days on Market3

Property Features for 3975 Fair Ridge Drive

General Information

Standard status Active
Size 213,364 SF
Class Class A
Total Parking Spaces 560
Lot size 8.53 Acres
Property subtype Commercial
Zoning PDC
Occupancy 80%
Net Operating Income $3,312,533

Financials

Asking Price $27,500,000
Cap Rate 12.05%

Additional Details

Condition Newly Renovated
Highway Access Yes
Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $335,207

Building Details

Building Size 213,364 SF
Year Built 1990
Buildings 1
Stories 5
Tenancy Multi
Parking Ratio 3.6 per 1,000 SF
Listing Agency: CENTURY 21 Commercial New Millennium
Listed By: Ryan Rauner · License VA #0225203096
Source: Johnstonrhodesrealestate
Added: Nov 11 Last Checked: Nov 13 at 9:54AM

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 CENTURY 21 Commercial New Millennium

Rey
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Investment Insights

Based on property information with market context.

Located at 3975 Fair Ridge Drive in Fairfax, Fifty West Corporate Center is a five-story Class A office building developed in 1990 and recently renovated. The 8.53-acre property is 79.5% leased, with 41,791 square feet of available space arranged among nine suites. Its parking includes a covered garage and surface spaces, and the property is zoned PDC.

The office center has access to Interstate 66 and the Fairfax County Parkway, sits adjacent to Fair Oaks Mall, and is convenient to Washington Dulles International Airport. The tenant base includes 23 traditional office tenants and 33 companies in flexible-office suites. The reported going-in cap rate is 12.05%.

Key Highlights

  • 8.53‑acre site in Fairfax, Virginia
  • 79.5% leased, with 41,791 square feet available across nine suites
  • 560 parking spaces: 400 covered garage spaces and 160 surface spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

FC dental-Fairfax (Michael ... Dental Office Paul M Lee, ... Dental Office Kelly Byrnes Danker ... Law Firm Hancock Daniel Johnson ... Law Firm Northern Virginia Ophthalmology ... Medical Clinic

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

79.5%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,137
Businesses Nearby

Demographics for 22033, VA

40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in Fairfax County, VA

$272 Jul
$299 Aug
$358 Sep
$348 Oct

Properties on Market for Office buildings in Fairfax County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - The five-story property combines flexible office suites with covered garage and surface parking.
Where is this office building located?
The property is located at 3975 Fair Ridge Drive Fairfax, VA.
What is the asking price?
The asking price for this property is $27,500,000.
What are key features of this property?
This property features: 8.53‑acre site in Fairfax, Virginia; 79.5% leased, with 41,791 square feet available across nine suites; 560 parking spaces: 400 covered garage spaces and 160 surface spaces
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