Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9650 Main St Fairfax, VA 22031

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lubrand of Faircity / Restaurant
    • Mamma Lucia / Restaurant
    • Vivian Nails Spa / Nail Salon
    • Cinema Arts Theatres / Cinema / Theater & Performing Art Venue
    • Foundation Coffee / Cafe & Coffee Shop

    Property Details for 9650 Main St

    Property type
    Retail properties

    Description

    This dominant regional power center, Fair City Mall, offers three exceptional retail spaces for lease, ranging from 2,945 to 5,234 square feet. Strategically located on Main Street (Route 236) in the affluent Fairfax, Virginia submarket, this property boasts unparalleled visibility and accessibility. The high-traffic location benefits from a substantial daytime population and proximity to George Mason University, with its over 18,000 undergraduate students, creating a large and consistent customer base. The multiple tenancy option allows for flexibility in space configuration to suit various business needs. This prime retail opportunity presents a unique chance to establish or expand a business within a thriving and densely populated area, capitalizing on the significant foot traffic and strong purchasing power of the surrounding community. The property's Main Street location ensures maximum exposure and easy access for customers. Don't miss this chance to secure a retail space in one of Fairfax's most desirable commercial locations. Contact us today to learn more about lease terms and availability.

    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 City
    State
    Virginia
    Longitude
    -77.2744
    Latitude
    38.8423

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2905 District Ave

      DEPARTMENT STORE (MULTI-STORY) • 0.16 Acres
      2905 District Ave, Fairfax, VA 22031-2273
      View Details
    • Value Estimation by Request
      7,208 SF

      9780-9786 Fairfax Blvd

      Retail properties • 7,208 SF
      9780-9786 Fairfax Blvd, Fairfax, VA 22031
      View Details
    • Value Estimation
      $1,905,000
      169,353 SF

      2905 District Ave Ste, Unit 100

      DEPARTMENT STORE (MULTI-STORY) • 169,353 SF
      2905 District Ave Ste, Fairfax, VA 22031-2273
      View Details
    • Value Estimation by Request
      2,536 SF

      8716 Little Riv Tpke

      Individual retail properties • 2,536 SF
      8716 Little Riv Tpke, Mantua, VA 22031
      View Details
    • Value Estimation by Request
      7,208 SF

      9780-9786 Fairfax Blvd

      Retail properties • 7,208 SF
      9780-9786 Fairfax Blvd, Fairfax, VA 22031
      View Details
    • Value Estimation by Request
      0.64 Acres

      2905 District Ave

      DEPARTMENT STORE (MULTI-STORY) • 0.64 Acres
      2905 District Ave, Fairfax, VA 22031-2273
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,208 SF

      Fairfax Blvd Retail Opportunity

      7,208 SF Retail Space, High Traffic Area
      9780-9786 Fairfax Blvd, Fairfax, VA 22031
      View Details
    • $1,249,900

      Fairfax Specialty Property for Sale

      Specialty property available in Fairfax, Virginia.
      9368 Tovito Dr, Fairfax, VA 22031
      View Details
    • $1,750,000

      Fairfax Specialty Property for Sale

      Specialty property available for purchase in Fairfax, Virginia.
      2919 Fairhill Rd, Fairfax, VA 22031
      View Details
    • $708,000

      Fairfax Specialty Property for Sale

      Specialty property available for purchase in Fairfax, Virginia.
      3028 White Birch Ct, Fairfax, VA 22031
      View Details
    • $740,000

      Fairfax Specialty Property For Sale

      Specialty property available for purchase in Fairfax, Virginia.
      3175 Stonehurst Dr, Fairfax, VA 22031
      View Details
    • $749,900

      Fairfax Specialty Property For Sale

      Specialty property available in Fairfax, Virginia.
      3063 White Birch Ct, Fairfax, VA 22031
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      129,217 SF

      Fairfax Medical Office Center

      Prime Fairfax location, fully occupied.
      9900 Main St, Fairfax, VA 22031
      View Details
    • Contact for pricing
      11,144 SF

      Fair City Mall Retail Spaces

      Fairfax retail spaces for lease.
      9650 Main St, Fairfax, VA 22031
      View Details
    • Contact for pricing
      7,208 SF

      Fairfax Blvd Retail Investment Opportunity

      Prime Fairfax location, 7,208 SF, high traffic.
      9780-9786 Fairfax Blvd, Fairfax, VA 22031
      View Details
    • $32 SF/Yr
      21,613 SF

      Retail Space in Fairfax City

      Retail space available in Fairfax City at Pickett Road Center.
      3875 Pickett Rd, Fairfax, VA 22031
      View Details
    • Contact for pricing
      140,150 SF

      Fairfax County Office Space Available

      Office building in wooded setting near Vienna Metro.
      9302 Lee Hwy, Fairfax, VA 22031
      View Details
    • Contact for pricing

      Retail Space Near Fairfax Circle

      Retail spaces with prominent exposure and easy highway access.
      9607-9625 Fairfax Blvd, Fairfax, VA 22031
      View Details
    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.
    9650 Main St
    Fairfax, VA 22031
    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

    Google sign-in failed. Please try again or use another login method.