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Property profile & analytics
OFF-MARKET
Estimated value
$5,565,000
Community centers
11226 Waples Ml Rd Fairfax, VA 22030-7476
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-0652682
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Total area
19,770 SF
Lot
0.57 ac (24,867 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
056-2-01-0028
UPID
US87-0652682
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
-
Capital Hot Tubs & Saunas (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Ultra Dry Cleaners (Bike/Boat/Book/etc) Store
-
HairbyPA Hair Salon
-
Sona Aesthetic Hair Salon Nail Salon
-
Mattress Firm Fairfax Court Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$5.57M
Owner & transaction history
Waples Mill Lc · 3 yrs held
Waples Mill Lc
since 2022
3 recorded transactions
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+23.2%
Office building
$8.5M
+16.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,290,000
Current use
COMMERCIAL (GENERAL)
$8,980,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$8,490,000
Change: +16% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,725,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,600,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.57M
Range $5.01M – $6.12M · ±10%
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
$281 / 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
$80,460
Tax year 2024
Assessed value
$6,268,780
Assessed 2024
Previous assessed
$6,392,860
-1.9% YoY
Effective rate
1.28%
On assessed value
Assessed land
$493,430
Assessed improvement
$5,775,350
Land market value
$493,430
Improvement market value
$5,775,350
Total market value
$6,268,780
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Heating
NONE
Stories
1
Total area
19,770 SF
Lot
0.57 ac (24,867 SF)
Zoning code
C-8(HIGHWAY COMMERCIAL)
APN
056-2-01-0028
UPID
US87-0652682
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Zoning C-8(HIGHWAY COMMERCIAL) · permitted uses
C-8(HIGHWAY COMMERCIAL) · Fairfax, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairfax. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Waples Mill Lc
Individual
Mailing address
PO BOX 60250, POTOMAC, MD 20859-0250
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
—
Waples Mill Lc
—
Deed
related
$1,725,000 · South State Bank NA
—
—
Waples Mill Lc
—
Loan Modification
related
$2,200,000 · M&t Bk
—
—
Waples Mill Lc
—
Deed Of Trust
related
$1,500,000 · Provident Bank INC
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.
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