10426 Main StFairfax, VA 22030

Property Details for 10426 Main St

Year built

1955

Lot size

0.33 AC

Property size (Sq ft)

19,489 SF

Zone code

COMMERCIAL RETAIL

Property type

Retail properties

Property subtype

Retail space

APN

57-4-02-00-101

APU

5740200101

Description

This exceptional investment opportunity presents a 22,000 square foot, free-standing retail building located at 10426 Main Street in Fairfax, Virginia. The property boasts three units, each operating under a triple-net (NNN) lease, resulting in 100% occupancy. Built in 1955 and extensively renovated in 2021, including a new roof and HVAC systems, this two-story building offers a blend of historic charm and modern functionality. The property sits on a 0.32-acre lot and includes 25 parking spaces. Currently generating a net operating income (NOI) of $471,618, this investment offers a compelling 6.25% capitalization rate. The asking price is $7,550,000, translating to $343.18 per square foot. Situated in the heart of Downtown Fairfax City's business district within the Washington, D.C. metro area, and zoned for commercial retail use, this property presents a stable and high-performing asset ideal for investors seeking a strong return. The property's strong financial performance, prime location, and recent renovations make it a highly desirable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,349,931

  6.5%

  $5,861,475

  7%

  $5,442,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,724,110

  Geo Method

  $4,724,110

• Alternative Use

  Use

  Valuation

  Residential

  $4,944,374

  Hospitality

  $4,529,020

  Educational

  $3,768,091

  Medical

  $3,897,682

  Retail

  $5,861,475

Location Insight

City

Fairfax

County

Fairfax City

State

Virginia

Latitude

38.8465

Longitude

-77.3062

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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