Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3903-3907 Fair Ridge Dr Fairfax, VA 22033
    Back to Search
    Property profile & analytics

    3903-3907 Fair Ridge Dr, Fairfax, VA 22033

    View on Map
    • Retail properties & Spaces
    • 140,031 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3903-3907 Fair Ridge Dr

    Year built
    2009
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Pender Village Center, located at 3903-3907 Fair Ridge Drive in Fairfax, Virginia (zip code 22033), presents a unique investment opportunity. This 140,031 square foot Class A mixed-use property, built in 2009, is situated in the heart of the Fair Oaks area on Route 50 within Fairfax County. The entire building, encompassing a single suite, is currently vacant and available for lease. The property's diverse offerings include executive office space on the second floor, complemented by a thriving ground floor retail component. This retail space features a significant anchor tenant, a 50,000 square foot Harris Teeter grocery store, along with a Corner Bakery and an additional 45,000 square feet of supporting retail businesses. The property's prime location in Fairfax County, Virginia, offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The building's classification as Class A signifies its high-quality construction and modern amenities. This presents a rare chance to acquire a substantial, fully vacant, mixed-use property in a highly desirable location. The property's size and configuration offer significant potential for redevelopment or lease to a single large tenant or multiple smaller tenants. This is an exceptional opportunity for investors seeking a prominent presence in a thriving Fairfax County commercial center.

    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
    -77.3729
    Latitude
    38.8732

    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
      $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
      $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 by Request
      200,694 SF

      11801 Fair Oaks Mall

      Restaurants
      11801 Fair Oaks Mall, Fairfax, VA 22033
      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 by Request
      0.72 Acres

      3801 Rugby Rd

      OFFICE BUILDING
      3801 Rugby Rd, Fairfax, VA 22033-2204
      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

      Fairfax County Retail Mixed-Use Center

      Retail and office spaces in Fairfax County, Virginia.
      3903-3907 Fair Ridge Dr, Fairfax, VA 22033
      View Details
    • Contact for pricing
      14,433 SF

      Fairfax Office Space For Rent

      Office space available near Route 66 and Dulles Airport.
      3975 Fair Ridge Dr, Fairfax, VA 22033
      View Details
    • Contact for pricing
      1,032 SF

      Fairfax Mixed-Use Center Office Space

      Mixed-use center with renovated common areas and ample parking.
      3903 Fair Ridge Dr, Fairfax, VA 22033
      View Details
    • Contact for pricing
      22,681 SF

      Fairfax Office Building For Rent

      Four-story office building in Fairfax, Virginia, available for rent.
      12700 Fair Lakes Cir, Fairfax, VA 22033
      View Details
    • Contact for pricing
      4,223 SF

      Fair Oaks Mall Adjacent Office

      Twelve-story office building with structured parking near Fair Oaks Mall.
      4114 Legato Rd, Fairfax, VA 22033
      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.
    3903-3907 Fair Ridge Dr
    Fairfax, VA 22033
    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

    Thank You for Inquiry
    3903-3907 Fair Ridge Dr, Fairfax, VA, 22033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!