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Property profile & analytics
FOR LEASE
Office buildings
11320 Random Hills Rd Fairfax, VA 22030
Entity Owned
9-yr Hold
Free & Clear
Property ID
US87-3870836
For Lease
1 / 2
$41,190,000
11320 Random Hills Rd, Fairfax, VA 22030
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
144,140 SF
Lot
2.11 ac (91,725 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
056-2-01-0033-E
UPID
US87-3870836
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.78M
Comparable Approach
Comparable
$39.05M
Blend (final)
Blend
$41.19M
Owner & transaction history
Boyd Fairfax Gsa LLC · 9 yrs held
Boyd Fairfax Gsa LLC
since 2017
6 recorded transactions
Zoning & alternative use
I-5(INDUSTRIAL GENERAL) · Fairfax, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$65.5M
+5.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,505,000
6.5%
$44,775,000
7%
$41,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$61,880,000
Current use
COMMERCIAL (GENERAL)
$65,470,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$53,140,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$41.19M
Range $37.07M – $45.31M · ±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
$286 / 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
$266,931
Tax year 2024
Assessed value
$20,797,100
Assessed 2024
Previous assessed
$22,857,990
-9.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,647,970
Assessed improvement
$18,149,130
Land market value
$2,647,970
Improvement market value
$18,149,130
Total market value
$20,797,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
YES
Stories
6
Total area
144,140 SF
Lot
2.11 ac (91,725 SF)
Zoning code
I-5(INDUSTRIAL GENERAL)
APN
056-2-01-0033-E
UPID
US87-3870836
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$61.9M
COMMERCIAL (GENERAL)
Est. value
$65.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$53.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1988
Construction
STEEL FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
6
Lot
2.11 ac
Current owner
From public records · entity-resolved
Boyd Fairfax Gsa LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 13470, RICHMOND, VA 23225-8470
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2017
$23,500,000
Boyd Fairfax Gsa LLC
Fair Oaks Commerce Center Hold
Grant Deed
related
—
Feb 20, 2013
—
Fair Oaks Commerce Holdings-1
Crp Holdings A-2 LLC
Grant Deed
related
$24,250,000 · Doral Bank
Feb 2, 2006
—
Crp Holdings A-2 LLC
—
Deed Of Trust
related
$172,617,000 · J P Morgan Chase Bank
Dec 14, 2005
$40,500,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Dec 14, 2005
$40,500
Crp Holdings A-2 LLC
Great Oak LLC
Grant Deed
related
—
—
—
Crp Holdings A-2 LLC
—
Loan Modification
related
$158,564,000 · Us Bk NA Seri 2006-cibc14 (ce)
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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