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    11801 Fair Oaks Mall Fairfax, VA 22033
    Property profile & analytics

    11801 Fair Oaks Mall, Fairfax, VA 22033

    View on Map
    • Retail properties & Spaces
    • 200,694 SF
    • 8.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • JCPenney Portraits / Photography Service / (Bike/Boat/Book/etc) Store
    • Hallie Nguyen, OD / Physician
    • JCPenney / Department Store
    • JCPenney Salon / Hair Salon / Nail Salon

    Property Details for 11801 Fair Oaks Mall

    Lot size
    8.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity presents 200,694 square feet of space for lease within the prominent Fair Oaks Mall in Fairfax, Virginia. Located at 11801 Fair Oaks Mall, Fairfax, VA 22033, this property sits on a generous 8.8-acre lot in Fairfax County. The building is comprised of four total suites, offering flexibility for various business needs. Currently, the entire 200,694 square feet is vacant, presenting a unique chance to establish a significant presence. Individual suites are available, with a minimum divisible space of 6,683 square feet, and the maximum contiguous space available is the entire building. This prime location offers high visibility and accessibility, making it ideal for a variety of restaurant concepts or other retail businesses. The property's size and layout provide ample opportunity for customization and expansion. This is a rare chance to secure a substantial retail space in a thriving Fairfax County market. The property type is retail, specifically suited for restaurant use. The tenancy is multiple, allowing for diverse configurations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3599
    Latitude
    38.8621

    Comparable in this City

    • Value Estimation
      $1,410,000
      71,765 SF

      12993 Fair Lks Shopping Ctr

      DEPARTMENT STORE (MULTI-STORY)
      12993 Fair Lks Shopping Ctr, Fairfax, VA 22033-5177
      View Details
    • Value Estimation by Request
      140,031 SF

      3903-3907 Fair Ridge Dr

      Office Spaces
      3903-3907 Fair Ridge Dr, Fairfax, VA 22033
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    • Value Estimation
      $12,240,000
      55,550 SF

      13061 Fair Lks Shopping Ctr

      DEPARTMENT STORE
      13061 Fair Lks Shopping Ctr, Fairfax, VA 22033-5181
      View Details
    • Value Estimation
      $1,895,000
      128,337 SF

      13059 Fair Lks Shopping Ctr

      DEPARTMENT STORE (MULTI-STORY)
      13059 Fair Lks Shopping Ctr, Fairfax, VA 22033-5179
      View Details
    • Value Estimation
      $1,475,000
      95,624 SF

      12551 Fair Lks Cir

      DEPARTMENT STORE (MULTI-STORY)
      12551 Fair Lks Cir, Fairfax, VA 22033-3803
      View Details
    • Value Estimation
      $1,275,000
      7,197 SF

      12950 Fair Lks Shopping Ctr

      RESTAURANT
      12950 Fair Lks Shopping Ctr, Fairfax, VA 22033-5176
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Fairfax, Virginia.
      11801 Fair Oaks Mall, Fairfax, VA 22033
      View Details
    • Contact for pricing
      3,975 SF

      Retail Space in Fairfax Center

      Retail space available in Safeway-anchored Fairfax Towne Center.
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      2,250 SF

      Retail Center on Lee Jackson

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      13033-13037 Lee Jackson Memorial Hwy, Fairfax, VA 22033
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      Safeway Anchored Shopping Center Space

      Retail space available in Fairfax Towne Center.
      12100 Fairfax Towne Ctr, Fairfax, VA 22033
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      1,576 SF

      Retail Space in Fairfax Center

      Retail space for lease in Safeway-anchored Fairfax Towne Center.
      12154-12214 Fairfax Towne Ctr, Fairfax, VA 22033
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    • Contact for pricing

      Fairfax County Retail Mixed-Use Center

      Retail and office spaces in Fairfax County, Virginia.
      3903-3907 Fair Ridge Dr, Fairfax, VA 22033
      View Details
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    Fairfax, VA 22033
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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
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