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    10505 Judicial Dr Fairfax, VA 22030

    Sponsored
    For Sale
    $8,300,000

    High-yield office building, prime location.

    Property size:
    34,356 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 34,356 square foot office building in Fairfax, Virginia, presents a compelling value-add investment opportunity. Located on a 0.98-acre lot at 10505 Judicial Drive, this four-story Class B building boasts a stabilized investment profile with an attractive 6.70% cap rate and a pro-forma cap rate of 8.33%. Currently 85% occupied by 11 tenants, primarily attorneys and title companies, with an average lease term of 4.5 years and 3% annual rent bumps, this property offers strong, secure cash flow. The building, constructed in 1980 and renovated in 2014, benefits from a gross lease structure and ample parking (3.25 spaces per 1,000 sq ft). Its prime location adjacent to the Fairfax County Courthouse, near major highways (I-66 and Route 50), and within a thriving office submarket, ensures strong tenant demand and future growth potential. The asking price is $8,300,000, representing a significant discount to replacement cost. The property's proximity to George Mason University, Inova Fair Oaks Hospital, and Fair Oaks Regional Mall further enhances its appeal. With limited future capital needs and a strong history of proactive maintenance, this property is an ideal investment for those seeking a stable, cash-flowing asset with significant upside potential. The property is zoned CO and features a multi-tenant occupancy. The pro-forma NOI is $691,321. This is a 1031 exchange eligible property.

    Property Features for 10505 Judicial Dr

    General Information

    Property type
    Office space
    Square Feet
    34,356 SF
    Class
    B
    Lot Size
    42,907 SF

    Building Details

    Year Built/Renovated
    1980/2014
    Buildings
    1
    Stories
    4

    HighLights

    • 34,356 square feet, 85% leased.
    • Most remaining suites are near‑spec condition.
    • Beautifully maintained and upgraded building.
    • Prime location off I‑66/Route 50 interchange, adjacent to Fairfax County Courthouse.
    • Strong tenant demand from legal, government, and medical sectors.
    • Excellent long‑term tenants, primarily attorneys and title companies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Karin Riley Porter ... Law Firm Trusts and Estates Attorney ... Estate Planning Attorney Pervaiz & Harley PLLC Law Firm Hart & Horan PC Attorney Price Benowitz LLP Personal Injury Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3097816
    Latitude
    38.8427966

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    FAQs

    What type of property is this?
    Office space - High-yield office building, prime location.
    Where is this office space located?
    The property is located at 10505 Judicial Dr Fairfax, VA.
    What is the asking price?
    The asking price for this property is $8,300,000.
    What are key features of this property?
    This property features: 34,356 square feet, 85% leased.; Most remaining suites are near-spec condition.; Beautifully maintained and upgraded building.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    10505 Judicial Dr Fairfax, VA 22030
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