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Property profile & analytics
OFF-MARKET Estimated value $3,740,000
Office buildings

117 Fairfax St Alexandria, VA 22314-2671

7,024 SF 0.11 ac lot Built 1880
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-0949707
Property summary
AI-generated overview

This exceptional Old Town Alexandria retail property at 117 N Fairfax Street offers a unique opportunity. The building, totaling 10,750 square feet, is a three-story structure with multiple tenancies, currently featuring 5,900 square feet of vacant space. A minimum of 3,500 square feet is divisible, with a maximum contiguous space of 3,500 square feet also available. The property boasts fifteen on-site parking spaces and an elevator for convenient access to all three floors. Its location in the desirable Old Town submarket provides excellent visibility and foot traffic. The space features high ceilings and a large open floor plan, ideal for a variety of retail uses. Zoned CD in the City of Alexandria, this property offers significant signage opportunities, including shingle signage for lower-level spaces and prominent signage for Suite 201, which is conveniently located on Market Square. This prime retail location presents a compelling investment opportunity in a thriving Old Town Alexandria market. The property's central location and ample parking make it an attractive option for businesses seeking high visibility and convenient access for customers and employees. The flexible space allows for customization to suit various retail needs.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1880
Total area 7,024 SF
Lot 0.11 ac (4,792 SF)
Zoning code CD - COMMERCIAL DOWNTOWN
APN 12769500
UPID US87-0949707
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
  • Wayfarer RV Rental Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.81M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.93M
Blend (final) Blend
$3.74M
Owner & transaction history
Cooperpriest 117 LLC · 3 yrs held
Cooperpriest 117 LLC
since 2023
Last sale
$3.6M
1 recorded transaction
2023
$3.6M
Zoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $5.4M +63.8%
Commercial (general) $4.1M +24.4%
Retail stores $3.7M +10.8%
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