Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11611 Rte 29 Fairfax, VA 22030-6701
    Back to Search
    Property profile & analytics

    11611 Rte 29, Fairfax, VA 22030-6701

    View on Map
    • Auto shops
    • 4,128 SF
    • 1.22 lot acres
    Off-Market
    Property ID
    US87-1956898
    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
    $2,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 11611 Rte 29

    Lot size
    1.22 lot acres
    Zone code
    C-8(HIGHWAY COMMERCIAL)
    Property type
    Auto shops
    APN
    056-2-01-0063-C
    APU
    0562010063C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2025 — Mattjen Properties LLC — Deed · related $2.7M · Eagle Bank
    Apr 17, 2018 $3,300,000 Mattjen Properties LLC Dynasty Investment LLC Bargain And Sale Deed $3.2M · First Bank
    Jan 5, 2007 $6,000,000 Chevy Chase Bank Fsb Stocks,henry A & Susan K Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,001,000
      Market price range: $1.03M - $2.00M
      AI Estimate
      $2,026,000
      Market price range: $471k - $2.03M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,380,000
      Current use
      COMMERCIAL (GENERAL)
      $1,875,000
      Change: +36% Conversion: Moderate
      OFFICE BUILDING
      $1,770,000
      Change: +29% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,520,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3489
    Latitude
    38.849
    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
    $40,022
    $2,125,560
    $992,670
    $3,118,230
    -
    $2,125,560
    $992,670
    $3,118,230

    Comparable in this City

    • Value Estimation
      $1,925,000
      5,000 SF

      10784 Fairfax Blvd

      AUTO REPAIR, GARAGE
      10784 Fairfax Blvd, Fairfax, VA 22030-4323
      View Details
    • Value Estimation
      $1,910,000
      13,344 SF

      10900 Main St

      AUTO REPAIR, GARAGE
      10900 Main St, Fairfax, VA 22030-4704
      View Details
    • Value Estimation
      $2,145,000
      6,074 SF

      11625 Rte 29

      AUTO REPAIR, GARAGE
      11625 Rte 29, Fairfax, VA 22030-6701
      View Details
    • Value Estimation
      $1,505,000
      3,885 SF

      10834 Fairfax Blvd

      AUTO REPAIR, GARAGE
      10834 Fairfax Blvd, Fairfax, VA 22030-4325
      View Details
    • Value Estimation
      $1,115,000
      1,637 SF

      10550 Fairfax Blvd

      AUTO REPAIR, GARAGE
      10550 Fairfax Blvd, Fairfax, VA 22030-3137
      View Details
    • Value Estimation by Request
      2,650 SF

      12815 Rte 29

      AUTO REPAIR, GARAGE
      12815 Rte 29, Fairfax, VA 22030-6601
      View Details

    Similar Nearby for Sale

    • $255,000
      6,500 SF

      Fairfax City Restaurant Opportunity

      Thai restaurant in Fairfax City available for sale.
      11180 Fairfax Blvd, Fairfax, VA 22030
      View Details
    • Contact for pricing
      0.16 Acres

      Fairfax Circle Retail Storefront

      High-traffic retail space, prime location.
      3220 Blenheim Blvd, Fairfax, VA 22030
      View Details
    • Contact for pricing
      Pending

      High Visibility Retail Property

      Retail property with high visibility and ample parking.
      11343 Lee Hwy, Fairfax, VA 22030
      View Details
    • $4,200,000

      Fully Leased Retail Investment

      Four tenants, rent escalation, passive income in Fairfax City.
      10610 Main St, Fairfax, VA 22030
      View Details
    • Contact for pricing
      0.42 Acres

      3903 Blenheim Blvd, Fairfax, VA 22030

      Retail properties & Spaces
      3903 Blenheim Blvd, Fairfax, VA 22030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fairfax Office with Flexible Use

      Versatile Fairfax office space suitable for various commercial uses.
      10614 Warwick Ave, Fairfax, VA 22030
      View Details
    • Contact for pricing
      586 SF

      Retail Space in Fairfax Junction

      Retail space available in community shopping center.
      11001 Lee Hwy, Fairfax, VA 22030
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space with high traffic count in Fairfax City.
      10610 Main St, Fairfax, VA 22030
      View Details
    • Contact for pricing
      304,770 SF

      Versatile Commercial Space in Fairfax

      Adaptable commercial property with restaurant, fitness, and office features.
      11250 Waples Mill Rd, Fairfax, VA 22030
      View Details
    • Contact for pricing
      1,358 SF

      Main Street Marketplace Retail Space

      Regional shopping center with strong tenant mix and easy access.
      10254-10268 Main St, Fairfax, VA 22030
      View Details
    • Contact for pricing

      Fairfax Office with Flexible Use

      Dental office suite suitable for various uses in Fairfax.
      A-10614 Warwick Ave, Fairfax, VA 22030
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11611 Rte 29
    Fairfax, VA 22030-6701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11611 Rte 29, Fairfax, VA, 22030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!