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    10720 Richmond Hwy Lorton, VA 22079-2622
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    Property profile & analytics

    10720 Richmond Hwy, Lorton, VA 22079-2622

    View on Map
    • Office buildings
    • 111,748 SF
    • 6.31 lot acres
    Off-Market
    Property ID
    US87-0440691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $18,000,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Work - Warehouse / Warehouse & Storage
    • Merit Commercial Windows / Hardware & Home Improvement / Interior Design

    Property Details for 10720 Richmond Hwy

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    6.31 lot acres
    Zone code
    I-4(INDUST MEDIUM INTENSI
    Property type
    Office buildings
    APN
    113-3-01-0005-H2
    APU
    1133010005H2

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 12, 2020 — Ngp Vi Gunston Va LLC — Deed · related $200M · Pnc Bk
    Jan 10, 2019 $24,129,418 Ngp Vi Gunston Va LLC Colchester Security 1 LLC Special Warranty Deed —
    Jun 1, 2004 $10 Colchester Security I LLC Colchester Land Co LLC Grant Deed · related $10k · Jefferson Pilot Financial Ins
    — — Colchester Security I LLC — Deed Of Trust · related $18M · Branch Bk&tr
    — — Ngp Vi Gunston Va LLC — Loan Modification · related $200M · Pnc Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lorton
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.2399
    Latitude
    38.6705
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $305,743
    $2,005,690
    $21,815,320
    $23,821,010
    -
    $2,005,690
    $21,815,320
    $23,821,010

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      9809 Richmond Hwy

      OFFICE BUILDING
      9809 Richmond Hwy, Lorton, VA 22079-2426
      View Details
    • Value Estimation
      $9,085,000
      61,789 SF

      8500 Cinder Bed Rd

      OFFICE BUILDING
      8500 Cinder Bed Rd, Lorton, VA 22079-1474
      View Details
    • Value Estimation by Request
      0.26 Acres

      9263 Plaskett Ln

      OFFICE BUILDING
      9263 Plaskett Ln, Lorton, VA 22079-2925
      View Details
    • Value Estimation
      $1,080,000
      7,408 SF

      Lorton, VA 22079

      OFFICE BUILDING
      Lorton, VA 22079
      View Details
    • Value Estimation
      $675,000
      4,200 SF

      7962 Conell Ct

      OFFICE BUILDING
      7962 Conell Ct, Lorton, VA 22079-1013
      View Details
    • Value Estimation
      $8,485,000
      50,100 SF

      9321 Sanger St

      OFFICE BUILDING
      9321 Sanger St, Lorton, VA 22079-2720
      View Details

    Similar Nearby for Sale

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      Land For Sale in Lorton

      Land available in Lorton, Virginia.
      10521 Madison Dr, Lorton, VA 22079
      View Details
    • $205,000

      Land Near I-95, No HOA

      Land available minutes from I-95, free of HOA restrictions.
      10623 Old Colchester Rd, Lorton, VA 22079
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    • $499,000

      Water View Land in Lorton

      Land with water views in the Belmont Estates community.
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    • New
      $498,000
      3.44 Acres

      Lorton Land with Approved Homesites

      3.44+/- acres with two approved homesites in Lorton, VA.
      10527 Madison Dr, Lorton, VA 22079
      View Details
    • New
      $268,828
      2.11 Acres

      Lorton, VA Land Opportunity

      2.08 acre lot suitable for building a home.
      10521 Madison Dr, Lorton, VA 22079
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      LEED Silver Office Building

      Four-story office building with river views and covered parking.
      10718 Richmond Hwy, Lorton, VA 22079
      View Details
    • $5,000 /Mo

      Versatile Rental Opportunity on Large Lot

      Rental opportunity suitable for various businesses on a large lot.
      8878 Hooes Rd, Lorton, VA 22079
      View Details
    • $5,000 /Mo

      Versatile Rental Opportunity on Large Lot

      Rental property suitable for various uses on a 11.2-acre lot.
      8878 Hooes Rd, Lorton, VA 22079
      View Details
    • $6 SF/Yr

      Lorton Warehouse Space Available

      82,105 sqft warehouse space for lease in Lorton, VA.
      8180 Newington Rd, Lorton, VA 22079
      View Details
    • Contact for pricing
      9,786 SF

      Warehouse with Yard Space

      9,786 SF warehouse featuring docks, drive-in, and yard.
      8419 Terminal Rd, Lorton, VA 22079
      View Details
    • Contact for pricing

      Retail Space Near Lorton VRE

      Retail spaces for lease near Lorton VRE and I-95.
      7700 Gunston Plz, Lorton, VA 22079
      View Details
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    Lorton, VA 22079-2622
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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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