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Property profile & analytics
FOR LEASE
Office buildings
11240 Waples Mill Rd Fairfax, VA 22030
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0221401
For Lease
1 / 2
$18 SF/Yr
11240 Waples Mill Rd, Fairfax, VA 22030
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE BLOCKS
Total area
67,289 SF
Lot
2.44 ac (106,273 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
056-2-01-0023-B
UPID
US87-0221401
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
-
Behrang Mazahery Physician
-
NETLINKS Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Eagle Software (Bike/Boat/Book/etc) Store Corporate Office
-
Army Recruiting Fairfax, VA Military Recruiting Office
-
Alysia Jordan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
11240 Waples Mill LLC · 4 yrs held
11240 Waples Mill LLC
since 2022
Last sale
$7.3M
3 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$79,334
Tax year 2024
Assessed value
$6,181,030
Assessed 2024
Previous assessed
$6,742,350
-8.3% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,211,180
Assessed improvement
$4,969,850
Land market value
$1,211,180
Improvement market value
$4,969,850
Total market value
$6,181,030
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
YES
Stories
4
Total area
67,289 SF
Lot
2.44 ac (106,273 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
056-2-01-0023-B
UPID
US87-0221401
Jurisdiction
FAIRFAX
Metro division
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN DIVISION
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Zoning I-5(INDUSTRIAL GENERAL) · permitted uses
I-5(INDUSTRIAL GENERAL) · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
4
Lot
2.44 ac
Current owner
From public records · entity-resolved
11240 Waples Mill LLC
Entity
Mailing address
7700 LITTLE RIV TPKE STE 100B, ANNANDALE, VA 22003-2406
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 8, 2022
$7,300,000
11240 Waples Mill LLC
Bgg Associates Va LLC
Deed
$6,205,000 · Atlantic Union Bank
Jun 30, 2017
$8,550,000
Bgg Associates-va LLC
Fair Center Office Assocs LLC
Grant Deed
$8,450,000 · Suntrust Bk
—
—
Fair Center Office Assocs LLC
—
Deed Of Trust
related
$7,500,000 · American Investors Life Ins
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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