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    118 Fairfax Pike Stephens City, VA 22655

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    For Lease
    Contact for pricing

    High-visibility location, build-to-suit option.

    Lot size:
    1 SF

    Property Features for 118 Fairfax Pike

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Spaces For Lease

    at 118 Fairfax Pike, Stephens City, VA 22655 Contact us

    We can help!

    Listing Contact
    Billy Kelly
    Billy Kelly

    Listing Agency: KLNB Tysons Listing Agent: Billy Kelly

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 1-square-foot pad site at 118 Fairfax Pike in Stephens City, Virginia, presents a unique opportunity for retail development. Located within Frederick County's B-2 General Business District, this property offers unparalleled visibility and accessibility. The site is currently vacant and available for ground lease or build-to-suit, providing flexibility for prospective tenants to tailor the space to their specific needs. With a multiple tenancy zoning designation, this location is ideal for a variety of retail uses. The property's address is 118 Fairfax Pike, Stephens City, VA 22655, offering convenient access to major roadways and a thriving local community. The site's precise dimensions and potential buildable area will be provided upon request, allowing for detailed planning and design. This is an exceptional opportunity to establish a strong retail presence in a high-traffic area with significant growth potential. Interested parties are encouraged to inquire for further details and to explore the possibilities of developing this prime retail location. The property is zoned B-2 - General Business District (Frederick County), ensuring a wide range of permitted uses. This is a rare chance to secure a highly visible and strategically located retail pad site in a desirable Virginia market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smoke-Stock & Chimney Cleaning ... Home Inspector Commonwealth Auto Transport ... Auto Repair Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Stephens City
    County
    Frederick
    State
    Virginia
    Longitude
    -78.2136712
    Latitude
    39.0799713

    Nearby Similar for Lease

    • $900 /Mo

      STEPHENS CITY Commercial Space

      Office or retail space with great access to major routes.
      122 Agape Way, Stephens City, VA 22655
      View Details
    • $2,774 /Mo

      Stephens City Retail/Office Space

      2,080 SF retail/office space in thriving shopping center.
      760 Warrior Dr, Stephens City, VA 22655
      View Details
    • $1,200,000

      Established Car Wash Opportunity

      Car wash for lease/sale near new Publix development.
      251 Fairfax Pike, Stephens City, VA 22655
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Interstate 81

      Retail space anchored by Martin’s grocery store near Interstate 81.
      212-240 Elizabeth Dr, Stephens City, VA 22655
      View Details

    FAQs

    What type of property is this?
    Retail property - High-visibility location, build-to-suit option.
    Where is this retail property located?
    The property is located at 118 Fairfax Pike Stephens City, VA.
    What are key features of this property?
    This property features: High-visibility corner lot at the intersection of Fairfax Pike (Rt. 118) and Stickley Drive.; Excellent Interstate 81 visibility (71,294 ADT).; B-2 General Business zoning (Frederick County).
    (703) 268-2727 Call to check price and availability
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    118 Fairfax Pike Stephens City, VA 22655
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    Stephens City, VA 22655
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    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
    118 Fairfax Pike Stephens City, VA 22655
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Billy Kelly
    Billy Kelly
    (703) 268-2727 (703) 268-2706
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