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Property profile & analytics
OFF-MARKET
Estimated value
$20,200,000
Hotels
11191 Waples Ml Rd Fairfax, VA 22030-7453
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-1080564
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Total area
88,679 SF
Lot
1.89 ac (82,519 SF)
Zoning code
PLANNED RES MIXED USE
APN
056-2-01-0037-C
UPID
US87-1080564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SpringHill Suites Fairfax Fair Oaks Hotel & Motel
-
Summerhill suites Hotel & Motel Bed & Breakfast
-
11191 Waples Mill Road Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.23M
Blend (final)
Blend
$20.20M
Owner & transaction history
Shri Padmavati LLC · 2 yrs held
Shri Padmavati LLC
since 2024
Last sale
$20.2M
7 recorded transactions
Zoning & alternative use
PLANNED RES MIXED USE · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$32.7M
+111.8%
Industrial (general)
$30.2M
+95.4%
Auto repair, garage
$29.6M
+91.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fairfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfax submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$20,200,000
ML approach
$20,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,440,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$32,695,000
Change: +112% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$30,165,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$29,605,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$20.20M
Range $18.18M – $22.22M · ±10% · vs last sale $20.20M (May 17 2024)
Last sale anchor
$20.20M
May 17 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$228 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$174,906
Tax year 2024
Assessed value
$13,627,290
Assessed 2024
Previous assessed
$12,597,880
+8.2% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$10,127,290
Land market value
$3,500,000
Improvement market value
$10,127,290
Total market value
$13,627,290
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Heating
NONE
Stories
6
Total area
88,679 SF
Lot
1.89 ac (82,519 SF)
Zoning code
PLANNED RES MIXED USE
APN
056-2-01-0037-C
UPID
US87-1080564
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
PLANNED RES MIXED USE · Fairfax, VAZoning PLANNED RES MIXED USE · permitted uses
PLANNED RES MIXED USE · Fairfax, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.7M
INDUSTRIAL (GENERAL)
Est. value
$30.2M
AUTO REPAIR, GARAGE
Est. value
$29.6M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
6
Lot
1.89 ac
Current owner
From public records · entity-resolved
Shri Padmavati LLC
Entity
Mailing address
250 FRNT ROYAL PIKE, WINCHESTER, VA 22602-7313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$20,200,000
Shri Padmavati LLC
Mcr Fairfax LLC
Special Warranty Deed
$15,750,000 · Marc Batchelor
Jul 14, 2022
—
Mcr Fairfax LLC
—
Deed
related
$370,000,000 · Wells Fargo Bank NA
Jun 19, 2018
$18,250,000
Mcr Fairfax LLC
Bre Polygon Property Owner LLC
Special Warranty Deed
$250,000 · Univest Bank & Trust Co
Jan 28, 2015
$18,999,673
Bre Polygon Property Owner LLC
Palmetto Hospitality Of Fairfax S
Grant Deed
—
Mar 21, 2011
—
Palmetto Hospitality Of Fairfax S
—
Deed Of Trust
related
$20,140,348 · Bank Of America
Dec 7, 2007
$3,610,000
Palmetto Hospitality Of Fairfax S
Midland Road LLC
Grant Deed
$20,675,000 · Bank Of America
—
—
Palmetto Hospitality Of Fairfax S
—
Deed Of Trust
related
$106,200,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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